Thursday, October 17, 2019
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...
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...
Diplomatic sources told daily newspaper Izvestia that Russian oil companies in Iraq should have nothing to fear as protests which have erupted in Baghdad and cities in the south of the Arab country are unlikely to impact their operations. "Russian companies continue to work as usual, no problems have arisen...
Argentina's largest shale oil and gas field, Vaca Muerta, will use oil and gas equipment produced by a Russian manufacturer, the head of World Business Partners Argentina, Olesya Kazakova, which represents the interests of a number of Russian and Argentinean enterprises, told RIA Novosti. The agreement followed several working visits...
Moscow is ready to consider other routes for the Nord Stream 2 gas pipeline project if Denmark refused to approve its laying in the country’s exclusive economic zone, Russian President Vladimir Putin said on Thursday, according to Kommersant. The business newspaper writes that an alternative route through Sweden’s zone...
Russian president Vladimir Putin may hold a meeting on Wednesday with the head of ExxonMobil Darren Woods to discuss the possibility of cooperation, the Kremlin’s spokesman has said, according to Reuters. Woods and BP boss Robert Dudley are listed among the panelists of this week’s conference, which is also expected...
Sanctions imposed last week by Washington against the world’s largest Chinese shipping company Cosco have dealt a heavy blow to Novatek’s Yamal LNG project, which will not be able to use more than a third of its fleet, Kommersant reported. Yamal LNG is a joint venture based around a...
Despite a drop in output in September, the Russian oil stood at 11.24 million bpd, still above the quotas set by the global OPEC+ output deal, two sources familiar with the data told Reuters on Monday. Under the deal agreed between OPEC member states and other oil producers, Russia has...