Sunday, August 25, 2019
Belarusian Economy Minister Dmitry Krutoi said on Sunday that his country is continuing “intense dialogue” with Russia on compensation following Russia’s tax maneuver in the oil sector, TASS news agency reported. "While making a forecast for 2019, we did not take into account possible compensation over the...
The Trump United States Treasury Department has sanctioned an Iranian company and three Russian companies, including a subsidiary of the Russian Ministry of Energy, in an effort to choke off oil sales to the regime of Syrian leader Bashar al-Assad, The Financial Times reports. The companies help to illicitly ship oil...
Russia’s biggest oil producer Rosneft and Italian oil and gas company Eni, which have been successfully working together in Egypt, are looking to develop a joint gas project in Equatorial Guinea, where reported reserves stand at more than 100 billion cubic meters, Kommersant reported. If the companies win the auction,...
Recent problems with the deteriorating quality of oil exported from Russia to Belarus is technical, and will be resolved in the near future, the country’s energy ministry said on Monday, according to S&P Global Platts. The ministry said that the problem is not linked to recent economic disputes between the...
Dozens of tons of surplus weapons-grade plutonium—enough material to make about thousands of nuclear bombs, are awaiting disposal in both Russia and the United States, as the two countries haven’t complied with an agreement they signed 20 years ago. “Moscow was supposed to start destroying this stockpile, but has yet...
Serbian media reported on Tuesday that the first part of the 403-kilometer section of Gazprom’s TurkStream gas pipeline in the country territory has been completed. The section stretches from the Bulgarian border to the city of Cuprija, according to Serbian newspaper Blic. Currently, construction works are underway at the second...
The Russian economy is not facing default in the near future, because global oil prices have created an additional "safety margin" for the Kremlin, Ukrainian economist Boris Kushniruk said, according to Obozrevatel. However, if oil prices fall to $35 per barrel, (now at $70), this could "bury" the Russian economy, the analyst...
Poland is determined to end its reliance on Russian energy within the next few years, and increasingly turning toward the United States in the process, the New York Times reports. Warsaw’s policy is part of a broader effort in Europe to diversify energy supply amid rising dependence on Russian...
Ukraine’s national gas company Naftogaz said it intends to close its representative office in the Russian Federation, Ukrinform reports. Naftogaz Chief Commercial Director Yuriy Vitrenko said this at a press briefing on March 5, an Ukrinform correspondent reports. "This is a technical issue... We wanted to close this office long ago because...
Russian oil companies and the state budget have gained around $43 billion so far thanks to a deal with OPEC to cut oil production, Russian Energy Minister Alexander Novak said on Tuesday, according to RIA news agency. The statement comes at a time when it seems OPEC and its allies...