Thursday, October 17, 2019
A subsidiary company of China National Chemical Engineering (Group) Co. Ltd. (CNCEC), has signed an agreement with a Russian company to build a natural gas processing and chemical plant in the country, Xinhua reported. The construction in a small town near Russia's shoreline of the Gulf of Finland is planned to be finished...
The forthcoming initial public offering of Saudi oil giant Aramco is attracting investors from Russia and China, Kirill Dmitriev, the chief executive of the Russian Direct Investment Fund (RDIF) has said, according to Reuters. “I would say that some Russian investors are interested. For the sovereign wealth fund (RDIF) to...
Kazakhstan has estimated its losses from hurdles that Russia placed on the transit of local coal to Ukraine at $11 million per month, Kommersant writes. The Eurasian Economic Commission has already recognized Moscow’s actions as setting up trade barriers. The issue will be discussed at an intergovernmental commission of...
A deeper cut in oil supplies is one of the options that OPEC and its allies could consider in December, its secretary general said on Thursday as the producer group's forecasts pointed to slower global growth and lower demand next year, Economic Times reported. OPEC, Russia and other producers, this...
The oil arm of Russia’s state-run energy giant Gazprom, Gazprom Neft, could rapidly increase production by 5% to 66 million tons in 2020, if output restrictions under the OPEC+ deal were lifted, Kommersant reports. All Russian oil companies admit that the agreement, which is set until next April, is hampering...
Ukraine’s Prime Minister Oleksiy Honcharuk told journalists at a briefing that his country wants a long-term gas transit contract with Russia based on European standards, Unian reported on Wednesday. “We aim to get a long-term contract, because the continuation of the contract for one year… does not suit us,” Honcharuk...
Russian oil major Lukoil is showing interest in buying a stake in two oil production projects in Nigeria from Brazil’s Petrobras, the Nigerian Ministry of Petroleum Resources said on Wednesday. Nigerian Petroleum Minister Timipre Sylva received a delegation representing Lukoil on Tuesday, the ministry informed, according to Sputnik. "The Lukoil delegation...
The presence of Russian nuclear technology in Egypt will modernize the country’s industry, Mohammed Shaker, Egypt’s minister of Electricity and Renewable Energy said on Tuesday, according to Egypt Today. The al-Dabaa Nuclear Power Plant, Egypt's first nuclear site developed in cooperation with the Russian state atomic energy corporation Rosatom, is...
Stroytransgaz, an engineering company in the field of oil and gas, has won a 120 billion rubles ($1.87 billion) contract to build four museum complexes in Russia by 2023, Khl.com reports citing recent statements made by the company and some senior officials of the Russian Ministry of Industry and...
Finnish energy company Fortum has agreed to pay $2.5 billion to increase its stake in European utility Uniper to 70.5 percent, Bloomberg reports. Closing of the deal is subject to regulatory clearances in Russia and the U.S. and is expected by the end of the first quarter of 2020. No...