Thursday, October 17, 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...
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...
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...
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...