Tuesday, 23.04.2019
Russian oil giant Rosneft is seeking further tax relief for its Priobskoye oilfield, Russia’s largest, but the finance ministry considers the request “inexpedient”, a spokeswoman said on Friday, according to Reuters. If the additional tax breaks for the oilfield in West Siberia are approved, the Russian state budget could lose...
Natural resources investment management firm Baker Steel Capital Managers (BSCM) has agreed to invest $3.0-3.5 million of client funds into Azarga Metals via a convertible loan, convertible at C$0.14/share, Proactive Investors UK reports. The Canada-based resource group has struck binding terms with the fund and plans to use the...
In a move seen as defiance of U.S. sanctions against North Korea, Russia has resumed coal supplies through the Far Eastern country’s port of Rajin, RBC reported on Wednesday, citing Interfax news agency. In the past, Rajin has been a transit point for Russian coal exports to South Korea. According...
Ukraine’s Naftogaz is preparing a formal enforcement procedure in Europe and a new lawsuit against Gazprom to recover damages caused by its non-compliance with arbitration awards, the company’s CEO has said. Naftogaz Chief Commercial Officer Yuriy Vitrenko said this at a meeting with EU Commissioner for Competition Margrethe Vestager in...
Bolivia will begin construction of a nuclear research center next month in cooperation with the Russian atomic energy corporation Rosatom, TelesurTV reported. The Latin American television channel notes that the Center will conduct research of radiation technologies in the field of agriculture and medicine. “The project is ready for launch. It looks...
Russian Energy Minister Alexander Novak said on Tuesday the controversial Nord Stream 2 pipeline will be built even if the United States decides to impose sanctions against companies participating in the project, Reuters reports. "We hope that there will be no sanctions. If U.S. restrictions are imposed, the project will...
Russian gas giant Gazprom will supply Armenia with gas for $165 per 1,000 cubic meters in 2019, up from $150 this year, the company said on Monday, according to local news agency ARCA. The deal was stuck at a meeting between Gazprom chief executive Alexei Miller and Armenian Deputy Prime...
The White House is considering a new round of executive actions to boost the U.S. energy industry in an attempt to portray strength against Russia, Politico reports citing a senior Trump administration official and others familiar with the effort. It would be President Trump’s third effort to help pipeline companies,...
Singaporean company Pavilion Energy, backed by the country’s state holding Temasek, is considering its participation in the $25.5 billion Arctic LNG 2 project developed by Russia's largest independent gas producer, Novatek, The Straits Times reports. On Tuesday, the chairman of Novatek's board and Russia's second-richest man, Leonid Mikhelson, and...
Polish President Andrzej Duda told TVP on Tuesday that U.S. President Donald Trump can make a decision that would bring the contentious Russian Nord Stream 2 gas pipeline project to a halt. "The decision is in the U.S. President’s hands," Duda said when asked whether an opportunity existed to stop...