The Syrian parliament has approved contracts for oil exploration with two Russian companies, explained by the authorities as a drive to boost output, Reuters reported on Tuesday.
The contracts, voted by parliament on Monday, were signed earlier this year with two Russian firms it identified as Mercury LLC and Velada...
Russia’s Ministry of Economic Development has authorized NT Marine, an Estonian company with close ties to Belarusian businessman Nikolay Voroby, to supply over 600,000 tons of coking and steam coal from Russia to Ukraine, RBC reported.
According to the business daily, the contract to supply coal was not signed with NT...
Russia is ready to continue gas transit through Ukraine while maintaining the conditions of economic and commercial feasibility for Gazprom, presidential spokesman Dmitry Peskov said, RIA Novosti reported.
He noted that the issue of gas transit was discussed in detail at the summit in Paris, but the details are too...
The delegations of Gazprom and Naftogaz of Ukraine have completed negotiations on cooperation in the gas sector in Vienna, TASS reported on Friday.
The meeting lasted more than four hours and was attended by head of Gazprom Alexei Miller and executive director of Naftogaz of Ukraine Yury Vitrenko.
The main issue...
Kazakhstan’s Samruk-Kazyna National Welfare Fund has acquired a 50% stake in Ekibastuz State District Power Station-2 JSC, the largest power plant in northern Kazakhstan, Managing Director Almasadam Satkaliev told reporters on Thursday, according to Prime news agency.
The deal will give Samruk-Kazyna full ownership of the power plant, owned until now by...
Russia’s state-run gas giant Gazprom said on Thursday its management board had approved a new dividend policy, recommending increasing dividend payments to at least 50% of net profit within three years, RBC reports.
If adjusted net debt to EBITDA exceeds a ratio of 2.5, the board may decide to reduce the size of...
Germany on Thursday warned the United States to keep out of European energy matters after U.S. lawmakers gave initial approval to a bill that would sanction contractors working on the Russian Nord Stream 2 pipeline to Germany, RT reports.
The EU also opposed sanctions against “companies doing legitimate business”.
“European energy policy...
Poland's top energy company PKN Orlen has requested compensation for shipments of contaminated crude oil from Russian suppliers, its CEO Daniel Obajtek said in a company statement Wednesday, according to Reuters.
The Polish company's costs comprise the processing of the oil, protecting installations and additional petroleum purchases.
"We are determined to...
Russian miner and steelmaker Severstal and Italian company Valvitalia has signed a distribution contract for the supply of products and solutions to Valvitalia for the energy industry, Finam.ru reports.
“Partnership with a world leader in the manufacture of pipeline valves (TPA) will allow Severstal to create an integrated offer to...
Russian diamond producer Alrosa said on Wednesday that Angola’s major new Luaxe diamond deposit may start trial mining in mid-2020 and could produce 1 million carats of diamonds worth $90 million in 2020, Reuters writes.
Luaxe’s Luele pipe was discovered by Angola’s state-controlled diamond miner Catoca and Alrosa in 2013....
