Tuesday, November 12, 2019
The construction of the second stage of the Bushehr nuclear power plant jointly with Russia has started in Iran, IRIB broadcaster has reported, TASS reported. The ceremony was attended by Head of Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi. The Bushehr nuclear power plant (NPP) is being developed as...
Ukrainian officials are eagerly trying to get the Nord Stream 2 underwater gas pipeline, which would bring Russian gas to northern Europe and bypassing traditional overland routes that run through Ukraine, cancelled, Caspian News informed. Nord Stream 2 AG, a subsidiary of Russia’s Gazprom, now has all the required permits to pursue the project,...
Russia’s largest oil company, Rosneft, reported a 58.4% jump in net profit in the third quarter, thanks to higher operating income and lower expenses, Upstream Online reported. The company posted net income of 225 billion rubles ($3.53 billion) in the July-September period, compared with 142 billion rubles ($2.23 billion) a...
The energy ministers of Russia and Belarus are scheduled to hold talks next week focusing on energy supplies, including price of gas, Russian Energy Minister Alexander Novak told reporters on Wednesday, according to TASS. "As for cooperation with our Belarussian partners, as you know, the energy ministries of Russia and...
Serbia has reached an agreement with Russia on expanding the volume of underground gas storage facilities from 750 million to about 2 billion cubic meters, Serbian President Aleksandar Vucic told the country’s media, according to RIA FAN. "Investment in energy infrastructure" is important, Vucic said, adding that "we could have larger...
A $359 million farm-out deal to give Russia its first foothold in a prospective oil and gas field offshore South Africa is being negotiated by the African country’s national oil company PetroSA and Russian state geological company Rosgeologia, Reuters reports. PetroSA is under pressure to boost dwindling domestic resources that have...
Ukraine’s state gas company Naftogaz filed a claim with the Stockholm arbitration court last week within its lawsuit against Gazprom, arguing the Russian giant should be ordered to pay a total of $12.248 billion as compensation, Naftogaz Executive Director Yuri Vitrenko said on Monday, Deutsche Welle in Russian reported.  The...
Finnish oil refining and marketing company Neste has completed the sale of its Russian fuel retail assets to Tatneft, Petrol Plaza reports. In July, the corporation announced that it had signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in North-Western Russia to...
Washington and Moscow have made a secret arrangement on the division of lands in northern Syria vacated by U.S. troops after Turkey launched its military operation last month, Turkish journalist Abulkadir Selvi says in his latest column for newspaper Hurriyet. According to the columnist, the presence of a secret U.S.-Russian...
In a potential setback to Russia’s ambition to increase its share in the global LNG market, the country was forced to put plans for the expansion of the Sakhalin-2 liquefied natural gas (LNG) plant on hold, Reuters reported citing three sources involved in the project. The lack of gas resources and...