Tuesday, 23.04.2019
Cash flow from Venezuelan oil sales are being funneled through Russian state-run oil giant Rosneft, helping the country’s president Nicolas Maduro to evade U.S. sanctions designed to oust him from power, Reuters reported on Thursday citing sources and documents. Venezuela was already struggling to finance imports and government spending...
The demand for Russian gas to be pumped into European underground storage facilities will be significantly lower than in previous years, state-run gas giant Gazprom has said, attributing the trend to warm weather. European consumers traditionally begin filling their storages with gas in early spring. The monopoly started such supplies...
Oil prices fell slightly on Tuesday after a Russian minister said the country and global cartel OPEC may boost crude output to fight the United States for market share, The Times reports. Russia’s Finance Minister Anton Siluanov said over the weekend that Russia and OPEC may decide to boost...
Russia’s state nuclear corporation Rosatom is holding talks of selling a 49-percent stake in the Akkuyu Nuclear Power Plant construction project with investors but is not in a rush to sell, Chief Executive Officer of the Russian stat-run corporation Alexei Likhachev told reporters on Monday, according to Kommersant. "We are...
Gazprom Neft Middle East B.V., a subsidiary of Russian oil company Gazprom Neft, has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI), the Oil & Gas Journal reports. Potential production at this new well is estimated at 12,000 bpd. Cumulative daily...
The Russian Ministry of Natural Resources has agreed to hold a tender for the Zapadno-Irkinsky subsoil area (north of Krasnoyarsk Region), on request from the country’s biggest oil company, Rosneft, TASS news agency reports, citing business newspaper Vedomosti. The region has probable oil and gas reserves of 500 million...
Moscow’s recent moves on the Lebanese scene are reflecting its desire to strengthen its political and economic influence and to expand its role in Beirut, Al-Monitor reports. Lebanon and Russia signed a memorandum on cooperation on oil and gas in October 2013, and since then cooperation between them has deepened....
Gazprom Space Systems, a subsidiary of Russian energy major Gazprom, has said that work has been completed on the design of a plant in the Moscow Region that would assemble and test satellites, Vedomosti reported.   The enterprise is to be located in the city of Shchyolkovo, and it is...
The head of Russia’s state nuclear energy corporation Rosatom, Aleksey Likhachev, has said that total investments in the development of Russia’s Northern Sea Route (NSR) will exceed $11.3 billion, TASS reports. “A federal project to develop an Arctic sea passage has been approved with potential financing expected to top 735...
The decision by energy giant Royal Dutch Shell to withdraw from its joint Baltic LNG project with Russia’s Gazprom could delay the venture, sources told business newspaper Kommersant. The Russian state-run gas giant will now have to find over $10.8 billion for the construction of both the Baltic LNG...