Wednesday, December 11, 2019
Belarus does not ask Russia to sell cheap natural gas or cheap crude, but proposes providing equal economic opportunities for enterprises, Belarusian President Alexander Lukashenko said at talks with Russian President Vladimir Putin on Saturday, TASS reported. "We do not ask, as some say, for cheap gas or cheap oil....
Germany is not hiding its irritation with pressure coming from Washington and the country’s parliament, and the Bundestag has vowed to retaliate if the United States imposes restrictive measures against Russia’s Nord Stream 2 pipeline, Izvestia reports. According to the newspaper, different European countries got into quarrels over the gas...
Energy ministers from some of the world’s largest oil producers will attempt to ratify a deeper round of output cuts on Friday, The New York Times reported. OPEC and its non-OPEC partners, sometimes referred to as OPEC+, have gathered in Vienna, Austria to decide the next phase of their oil...
Hungary’s foreign affairs and trade minister Peter Szijjarto has announced that his country is ready for a long-term agreement on the supply of gas from Russia and is starting talks on a potential long-term agreement with gas giant Gazprom, the Budapest Business Journal reports.  Hungary has not had a long-term...
A recent move by China Petroleum Engineering & Construction Corporation (CPECC) into Iraq has turned on the heat in an intense geopolitical competition with Russia and the United States over the country’s oil deposits, Nezavisimaya Gazeta writes. CPECC last month signed a contract worth $121 million to upgrade Iraq’s West...
Russia is yet to finalize its position in talks on possible additional supply curbs as part of the OPEC+ deal, the country’s energy minister Alexander Novak said on Tuesday, according to RNS. He said he expected this week’s meeting of OPEC oil producers and their allies to be constructive, and...
The launch of the long-awaited Power of Siberia gas pipeline pumping natural gas from Russia to China was launched, Gazprom’s most ambitious project so far, will help the Russian gas giant to reduce its independence on the shrinking European market, experts told Vedomosti.  According to analysts, the project is also...
Gazprom CEO Alexei Miller and Wintershall Dea CEO Mario Mehren discussed the current aspects of the companies’ interaction at a meeting in St. Petersburg on Friday. In particular, the parties noted the contribution of the Nord Stream gas pipeline to the reliability and safety of gas supplies to consumers...
Russia’s gas giant Gazprom said on Sunday it’s gas production in January-November reached 454.2 billion cubic meters, or up by 0.7% on the same period last year, TASS reported. According to Gazprom’s press statement, the company exported 178.5 billion cubic meters of gas in January-November 2019, or 99.3% of what...
Russian oil company Tatneft has revealed it paid $169 million for the recently concluded purchase of the fuel retail business of Finnish Neste in St. Petersburg, EADaily reports. At the end of October, the company bought 75 fuel gas stations and a fuel terminal in northwestern Russia for 10.832 billion...