Russian oil company Gazprom Neft has launched active construction at its new high-tech oil-refining catalyst production facility in Omsk last week, state-run news agency Ria Novosti reported.
The new plant will be producing modern catalysts for key processes in deep oil refining and the production of Euro-5 fuels, with...
Energy is once again in the focus of the ongoing Ukrainian-Russian geopolitical tussle as Moscow and Kyiv failed to come up with an agreement following trilateral gas-transit talks in Brussels on Monday, Reuters reports.
Ukraine is entering the talks, mediated by EU Energy Commissioner Maros Sefcovic, as its 10-year contract...
Shares in one of Russia’s biggest oil producers, Surgutneftegaz (Surgut) jumped 31% in value in two days last week, setting an all-time high price record of 48 rubles ($0.75), with no apparent catalysts or news flow, bne Intellinews writes.
This is the second big jump up in the stock’s value...
Russia’s deputy energy minister Pavel Sorokin said on Sunday that Vostok Oil, an ambitious oil mega-project by the country’s top producer Rosneft, will require about 10 trillion rubles ($157 billion) of investment, Fomag.ru reports.
The joint project of Rosneft and Independent Petroleum Company (IPC) is set to include some oil fields...
Denmark has given the final approval to the construction of the Baltic Pipeline set to bring Norwegian natural gas to Poland via Danish waters, Gazeta.ru reports.
The move comes as Copenhagen continues to delay the approval of the Russia-EU Nord Stream 2 pipeline.
A statement on the project website hails the...
The head of Russia’s biggest oil company Rosneft, Igor Sechin, told a conference in Italy on Thursday that Saudi Arabia’s status as a reliable global oil supplier has taken a hit from drone attacks on its facilities last month.
According to RBC, Sechin said the attacks, which temporarily shut down...
One of Russia’s biggest oil companies, Lukoil, has signed a memorandum of understanding with the state-run Nigerian National Petroleum Corporation (NNPC), the Financial Post reports.
A press statement released by Lukoil said NNPC’s head Mele Kyari and Lukoil’s Vagit Alekperov both signed the agreement which will see both companies potentially...
Russian state-run bank VTB has provided gas major Gazprom with a credit line worth 4 billion euros ($4.45 billion) for its Amur gas processing plant, the lender’s CEO Andrey Kostin said on Thursday, according to Angi.ru.
Kostin said that VTB is providing the loan together with an “international syndicate of banks,” without...
The largest coal energy plant in Russia, Reftinskaya GRES, has recently been sold by Enel to Kuzbassenergo, owned by Siberian Generating Company, as the Italian energy giant is pursuing a “go green” policy, bne Intellinews reports.
According to Enel, the transfer was completed today following the federal registration of ownership...
Russian independent gas producer Novatek said on Tuesday that the U.S. Treasury has lifted restrictions on Chinese companies operating tanker lines to transport liquefied natural gas (LNG) for Russia’s Yamal LNG project, Vedomosti reported.
“The joint venture that owns a number of specialized Arc7 icebreaker vessels serving the Novatek-operated Yamal...
