Thursday, January 23, 2020
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 expects to export a total of 2.4 million metric tons (mt) of the medium sweet ESPO Blend crude in September, down 11.11% from August, the latest monthly loading program shows, according to Platts. ESPO Blend’s September program runs from August 30 to October 1 and will comprise 24 cargoes...
Italy’s oil and gas giant, Eni, and its national gas transport operator Snam are ready to consider investing in the extension of the Turkish Stream project and natural gas delivery through Bulgaria to Austria, Eni CEO Claudio Descalzi and Snam CEO Marco Alvera have said. According to Interfax, the two...
London-based precious and base metals exploration and development company Orsu Metals is looking forward to starting operations in Russia’s Zabaykalsky Krai, the company’s director of exploration Alexander Yakubchuk has said in an interview with Investing News. Yakubchuk and Orsu Metals Managing Director Sergei Stefanovich discussed the company’s property in Russia’s...
Gazprom has confirmed that the offshore section of its Turkstream pipeline project in the Black Sea has been completed, Investing.com reported. Gazprom subsidiary South Stream Transport handled the construction of the offshore section, while the contract for both pipelines was awarded to Allseas Group. Allseas deployed the Pioneering Spirit pipelaying vessel to...
No progress has yet been made regarding BP’s plans to buy gas from Russian state-run oil major Rosneft, the CEO of the British energy giant Robert Dudley said, answering to a question from TASS news agency. He said the partners are yet to receive the Russian government’s permission for gas...
Italian oil and gas contractor Saipem has signed new contracts for onshore infrastructure development and construction in Russia and Serbia valued at $560 million, according to Global Energy Today. The Russian contract was signed with the Moscow refinery’s operator GazpromNeft and covers the engineering, procurement and construction of a new...
A U.S. decision to end Iran sanctions waivers is set to put pressure on oil prices and benefit Russia's budget and oil producers, as international buyers are likely to seek more Russian crude as an alternative to Iranian supplies, S&P Global Platts reports. The United States said last week it...
Italian energy company Enel Green Power has begun construction of a 90-MegaWatt (MW) Azov wind farm, located in the Rostov region of Southern Russia, Renewable Energy World reported. The wind farm, which EGP says is the Rostov region’s first renewable facility, is owned by subsidiary Enel Russia. EGP is in...
The Russian Ministry of Energy is planning to provide a series of preferences for companies that will use domestic gas turbine equipment, Kommersant reports. A draft decree approving a mechanism of investments raising for thermal power plants upgrade has already been prepared, the report says. In particular, thermal power plant commissioning...