IPSCO, the U.S. unit of Russia’s largest producer of steel pipes for the oil and gas industry, TMK, is expected to benefit from new U.S. import tariffs on steel and aluminum imposed by President Donald Trump, the company said.
TMK said IPSCO did not import steel, so should benefit from...
Regional leaders on Friday launched construction work on the Afghan section of an $8-billion (€6.5-billion) natural gas pipeline from Turkmenistan via Afghanistan and Pakistan to India, The New York Times reports.
Turkmenistan holds the world's fourth-largest gas reserves but has been heavily dependent on exports to China after Russia cut...
Due to an industrial production drop, Russia’s economy has experienced a sudden shrinkage in November, Reuters reports.
The gross domestic product has decreased by 0.3 percent in November, the economy ministry said, contrasting with analysts’ consensus call for a 1.5 percent growth.
Russia’s oil-dependent economy was on the mend in 2017 after...
Austria’s formwork company Doka GmbH, a branch of the Umdasch Group AG, will initiate construction of its first formwork plant in Russia’s Lipetsk Special Economic Zone, RIA news agency reported.
According to the press secretary of the Lipetsk Economic Zone, Elena Syomina, full works on the plant should start by...
Russia’s biggest gateway, the Sheremetyevo International Airport has won the approval to reconstruct its northern Terminal C, thus reaching another development milestone.
The engineering design of the new terminal complex received the green light from Russia’s state authority for the project’s supervision, Glavgosexpertiza, Russian Aviation Insider reports.
Terminal C will process international...
The modernization of an airport in the contested region of Crimea, which Russia annexed from Ukraine in 2014, is nearing completion, Izvestya reports. The revamped airfield can, if necessary, become a permanent base for strategic missile carriers and long-range bombers, the newspaper writes.
Belbek, located close to the Black City...
Construction of Egypt’s first nuclear power plant will begin in the next two to two-and-a-half years, the country’s officials said Sunday, according to Reuters.
The 4,800 megawatt (MW) capacity plant at Daba’a in the north of the country, to be built by Russia’s state nuclear corporation Rosatom, aims to be...
Ukraine announced the creation of a group within the European Union aimed to block the construction of Russian gas pipeline Nord Stream 2, RIA news agency reports.
The country’s President Pyotr Poroshenko wrote on Monday on his social media pages that Ukraine is currently creating a group within the European Union to...
Enel Russia, part of Italian energy holding Enel, intends to commission a wind farm in the Rostov region in December 2020, Yulia Matyushova, financial director of Enel Russia, said during the company's annual shareholders meeting.
The wind park located in the Murmansk region is expected to be put into operation...
Russia is unlikely to construct a new aircraft carrier in the next ten years, the scientific director of the Krylov State Scientific Research Center Valery Polovinkin has said, adding that this class of ship is unlikely to appear before 2030-2035.
“The manufacturing capability of Russian plants make it possible...
