Monday, June 24, 2019
Authorities in Uzbekistan have chosen a site for the construction of Uzbekistan’s first nuclear power plant, Russia’s Foreign Minister Sergey Lavrov said during a visit to the Central Asian nation last week. The plant may become the first of its kind in Central Asia. “Uzbek President Shavkat Mirziyoyev today expressed...
Contaminated crude oil will be pumped back in Russia from Belarus as Moscow tries to clear a major pipeline of the dirty oil that has caused the worst ever disruption to its oil exports, sources and officials told Reuters on Friday. In April, some five million tons of oil were...
Russia’s gas giant Gazprom plans to construct a gigantic gas processing plant on the Baltic Sea in partnership with RusGasDobycha, a company previously owned by businessman Arkady Rotenberg, Moscow business daily Vedomosti reported citing sources in the industry. The cost of the project, planned to have an annual capacity of up...
British-Dutch oil giant Royal Dutch Shell has decided to exit the Leningrad region-based Baltic liquefied natural gas (LNG) project led by Russian state gas giant Gazprom, Reuters reported citing the chairman of Shell’s Russian unit. Shell, which has a long history of energy cooperation with Russia, said earlier on...
The United Arab Emirates Mubadala wealth fund is reportedly nearing a deal to invest in a Gazprom Neft subsidiary based in Western Siberia. The transaction, if closed, would mark the Abu Dhabi investment vehicle’s foray into Russia’s upstream sector. Russian business daily Kommersant reported last week that Mubadala and the...
Russian company Konkov's Petro-hydraulic Drives expressed readiness to provide the Fuel and energy complex of Turkmenistan with innovative solutions for improving oil production, said a report by the Central Asian country’s oil and gas administration. The news comes after the Turkmen government officially invited Russian companies to form the oil...
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...
Russia's natural gas giant Gazprom may buy its headquarters in the Lakhta Center in St Petersburg from its oil arm Gazprom Neft for about $1.8 billion, Vedomosti reported citing unnamed sources. Reportedly, part of the payment has already been transferred to Gazprom Neft in 2018, with the majority of the payment coming in 2019,...
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...
Russian retailer Magnit has dropped plans to bid for smaller rival Lenta, paving the way for Severgroup, a company owned by Russian steel magnate Alexey Mordashov, to take over Lenta at about $1.75 billion, Kommersant reports. Magnit this month will buy Lenta, Russia’s third-largest grocery retailer, seeking to thwart Mordashov’s...