Gazprom’s gas deliveries to Austria will be increased by 1 billion m3/y beyond the contractual amount for the entire contract period, the two companies said after a meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV.
“Over the past...
U.S.-sanctioned Russian aluminum giant Rusal will re-register as an international company in Russia after its board decided to leave the current operating jurisdictive of Jersey, Rusal said in a statement to the Hong Kong stock exchange.
“After careful consideration, the board of directors decided that this is in the...
Russia’s manufacturing sector gained some momentum over the summer as the IHS Markit Russia Manufacturing Purchasing Managers (PMI) went back into growth with 51.3 in October, up from September’s 50 that represents no change month-on-month.
The Russian economy returned to growth this year, but the expansion has been lackluster and...
Sberbank, Russia’s biggest lender, has confirmed its intention to limit payment processing to unlicensed gambling sites, Kommersant reported citing a statement from the bank.
“According to Federal Law No. 244, payments by cards in favor of foreign institutions involved in the organization and conduct of gambling are prohibited,” it...
Vladimir Kiriukhin, one of the senior managers of En+ Group, has been appointed as the U.S.-sanctioned energy concern’s new chief executive, Reuters reported citing an En+ statement.
The London-listed En+ Group manages the energy and aluminum businesses of Oleg Deripaska. The company is discussing potential exclusion from the U.S....
While a new wave of luxurious ships coming on stream will add on to the cruise offerings on the Caspian Sea, Azerbaijan and Russia, given their favorable geographic location with access to the inland sea, do not want to miss this opportunity as well, Azer News reports.
The new project...
Russian oil production in October was at a 30-year high and moved closer to an all-time record ahead of a Russia-OPEC meeting on future supply, Reuters reported citing data from the country’s Energy Ministry.
The country’s crude and condensate output averaged 11.4 million barrels a day last month, according to data...
Energy, metallurgy and financial sectors were among the agenda items yesterday at a meeting of members of the Greek-Russian Business Council at the offices of the Hellenic Federation of Enterprises (SEV), where they met to discuss exports between the two countries, TASS news agency reports.
According to the latest trade data, Greek...
One of the companies financing the controversial Russian Nord Stream 2 pipeline, Austria’s energy group OMV, is optimistic Denmark will approve the project next year and the new gas transport route will start operations in late 2019, RIA news agency reports.
OMV’s chief executive Rainer Seele said in a telephone call...
