Tuesday, 19.02.2019
Russian gas giant Gazprom will start supplying Russian natural gas to China via the Power of Siberia pipeline almost one month early than previously planned, the company said Friday, according to S&P Global Platts. Gazprom CEO Alexei Miller met with representatives of Chinese partner CNPC in Beijing, and afterwards said...
No progress has yet been made regarding BP’s plans to buy gas from Russian state-run oil major Rosneft, the CEO of the British energy giant Robert Dudley said, answering to a question from TASS news agency. He said the partners are yet to receive the Russian government’s permission for gas...
Natural resources investment management firm Baker Steel Capital Managers (BSCM) has agreed to invest $3.0-3.5 million of client funds into Azarga Metals via a convertible loan, convertible at C$0.14/share, Proactive Investors UK reports. The Canada-based resource group has struck binding terms with the fund and plans to use the...
The OPEC/non-OPEC production cut agreement put a floor under oil prices and has significantly benefited Russia’s budget and companies, Russian Energy Minister Alexander Novak said on Thursday, according to S&P Global Platts. The price of the commodity could have dropped to $25 a barrel if OPEC and its Russia-led non-OPEC...
Litasco, the trading arm of Russian oil producer Lukoil, has stopped carrying out swap operations with Venezuela since the U.S. imposed sanctions on state-owned oil company PDVSA in January, Lukoil CEO Vagit Alekperov said on Thursday, according to Reuters. On Jan. 28, U.S. President Donald Trump’s administration imposed tough...
Oil production by members of global cartel OPEC fell to a four-year low in January as the organization applied a new pact to boost global oil prices, the International Energy Agency (IEA) said Wednesday, but Russia and other ex-Soviet states failed to cut back output as much as promised,...
Russia plans to cut oil output by 90,000-100,000 barrels per day in February compared to October 2018, Russian Energy Minister Alexander Novak told reporters on Tuesday, according to Gazeta.ru. Russia, Saudi Arabia, and other OPEC member and non-member states took the level of production in October 2018 as the benchmark for...
Russia and Saudi Arabia plan to boost mutual investments in tourism projects, Chief Executive Officer of Russian Direct Investment Fund (RDIF) Kirill Dmitriev told reporters on Monday, according to TASS news agency. "Investments from the Saudi side in Russia are going to be increased, including Russian tourism projects. The...
Venezuelan oil company PDVSA recently opened an account at Russia’s Gazprombank and it is telling customers of its joint ventures to deposit oil sales proceeds to the Russian bank, according to sources and an internal document seen by Reuters. The state-run company’s move comes after the United States imposed tough,...
European Union ambassadors have agreed to toughen regulations on the controversial Nord Stream 2 gas pipeline from Russia to Germany, but they have decided not to back plans that might threaten its completion, Deutsche Welle reports. If approved by the European Parliament, the agreement could complicate things for Russian energy...