Russia’s TurkStream natural gas pipeline, expected to begin operating in the coming month, will bring cheaper gas for Turkey, professor Salih Yilmaz from the Institute of Russian studies (RUSEN) told state-run Anadolu Agency on Tuesday.
The Russian economy, which is heavily dependent on energy income, needs to continue to sell...
The CEO of Russia’s top oil producer Rosneft, Igor Sechin, has met representatives of Japan’s biggest companies on Wednesday to seek investment in the company’s Vostok Oil mega-project in the Russian Arctic, Interfax reports.
According to Nikkei, Sechin is scheduled to meet with representatives of the Agency for Natural Resources...
A recent decision by the world’s biggest oil producing countries to cut production further will be positive for oil prices and will keep them between $55 and $65 per barrel in the first quarter of 2020, the CEO of Gazprom Neft Alexander Dyukov said on Tuesday, according to TASS.
He told reporters...
If Moscow and Kyiv agree on "joint honest work," Russia could offer a price of gas for industrial consumers in Ukraine with a 25% discount, Russian President Vladimir Putin told a press conference after the Normandy Four summit in Paris, TASS reports.
"There is a well-known children's rhyme — 'We...
Bulgaria is ready to ensure transit gas supplies from the TurkStream pipeline to Greece and North Macedonia starting January 1, the chief executive of the country’s state gas firm Bulgartransgaz, Vladimir Malinov, told Russian news agency TASS.
"Even if Russia’s gas transit via Ukraine to Bulgaria via the Trans-Balkan gas...
The disruption in flows in a pipeline carrying oil from Russia to Belarus this year should be compensated with $70 million from the Russian side, Belarusian officials have said, according to Reuters.
Vladimir Semashko, the Belarus ambassador to Moscow, said the compensation issue was discussed by presidents of the two...
Ukraine can receive Russian gas directly at a lower price compared to reverse-flow supplies, but a win-win solution has to be found, Russian Prime Minister Dmitry Medvedev told the Vesti v Subbotu (News on Saturday) TV program, TASS informs.
"Whether they (the Ukrainian authorities) want that or not, it is...
Belarus does not ask Russia to sell cheap natural gas or cheap crude, but proposes providing equal economic opportunities for enterprises, Belarusian President Alexander Lukashenko said at talks with Russian President Vladimir Putin on Saturday, TASS reported.
"We do not ask, as some say, for cheap gas or cheap oil....
Crude oil prices posted its largest weekly gain since last June on Friday, after OPEC and its allies agreed to make deeper cuts to production levels, OilPrice.com reports.
Brent crude closed at $64.37, a 6% weekly gain, after opening Monday at $60.73. West Texas Intermediate (WTI) ended the week at...
The launch of Russia’s Nord Stream 2 gas pipeline does not mean that the country will stop pumping gas through Ukraine, Russian President Vladimir Putin has said, according to RIA Novosti.
"The pipelay of the Nord Stream 2 gas pipeline is close to completion now; its commissioning will make possible...
