Friday, 14.12.2018
Russian Prime Minister Dmitry Medvedev has signed a decree on submitting a bill to the State Duma (lower house of Russia’s Parliament), expanding the powers of state nuclear power corporation Rosatom, RIA news agency reported. The document was published on the government website on Saturday. "At the moment, agreements have...
OPEC countries have failed to agree on possible cuts to oil production in an attempt to stabilize prices as they are set to meet representatives of Russia and other non-member producers for talks on the issue, The Economic Times reports. Saudi Arabia, OPEC’s de facto leader, has been pushing a...
On the second day of his visit to Russia, Venezuelan President Nicolas Maduro said Thursday that he obtained accords for $6 billion of investments in Venezuelan oil and mining production, as well as offers of wheat shipments, and help maintain and improve Venezuelan weapons, Gazeta.ru reports. "At the end of a successful work...
Germany’s political support for the Nord Stream 2 gas pipeline with Russia will not be withdrawn, the country’s foreign minister said on Monday, as some lawmakers suggested lowering the proposed pipeline’s capacity to punish Moscow for its seizure of Ukrainian ships and their crew, Handelsblatt reports. Russia is resisting international calls to...
Oil production in Russia decreased in November, ahead of a crucial meeting with OPEC this week to decide supply strategy as prices slump. Russia produced 11.369 million barrels a day of crude and condensate last month, a 0.42 percent decline from October, according to preliminary data from the Energy Ministry’s...
Russian state-owned energy major Rosneft announced that it has signed energy deals with a pair of Chinese energy counterparts, seizing an opportunity as Beijing moves to diversify suppliers amid a trade war with the U.S., TASS news agency reports. China National Chemical, known as ChemChina, agreed to purchase 2.4 million tons a year...
The Russian Energy Ministry has not yet fully developed its position on the possibility of reducing oil production in 2019 within the framework of an agreement with the OPEC production cartel, TASS news agency reported. According to energy minister Alexander Novak, the decision will also depend on the forecast of...
A new Russian gas pipeline to China will curb its appetite for LNG imports, having a ripple effect on markets since the latter's surging demand had led to price spikes globally, CNBC reports citing analysts. The ambitious 3,000-kilometer pipeline — known as the 'Power of Siberia' — is being built...
Russian gas major Gazprom may pay a double-digit dividend on its 2018 results, significantly higher than the dividend on its 2017 profit, Interfax cites the company’s Deputy Chief Executive Officer Andrei Kruglov as saying on Wednesday. “Dividends for 2018 will be higher, at least the management board will propose to...
Russian oil company Lukoil has said its net profit, calculated to the International Financial Reporting Standards (IFRS) attributable to shareholders, in January-September 2018 increased 54 percent year on year to 460.1 billion rubles ($6.8 billion), Reuters news agency reported. EBITDA for the first nine months of 2018 grew 37.6 percent...