Tuesday, 19.02.2019
Companies from Russia's Bashkortostan Republic, bordering Azerbaijan, could open oil equipment and caustic soda production facilities in the Caspian nation, local Trend news agency reports. According to the government of the Russian region, members of the delegation from Bashkortostan recently discussed this issue with the Deputy Minister of Economy of Azerbaijan...
The Chief Commercial Officer of Ukraine’s national gas company Naftogaz, Yuri Vitrenko, says it is impossible to reach an amicable agreement with Gazprom on decisions already made down by the Stockholm arbitration court, Reuters reports. The senior manager said his company is only ready to settle the latest, $12...
The U.S. Energy Information Administration (EIA) said in a monthly report that for the first time ever, U.S. crude oil production is expected to average more than 12 million barrels per day late next year, Reuters reported. Recently, U.S. oil production has soared recently, driven by technology advances in shale formations tapping. American oil output...
Bulgaria has all the necessary infrastructure for implementing the Turkish Stream project, Prime Minister Boyko Borisov said, once again openly demonstrating Sofia’s desire and readiness to use the second leg of the gas pipeline for itself, Izvestiya reports. At the same time, Gazprom's press service told the newspaper that the...
Russian Foreign Minister Sergey Lavrov said Russia and Germany have reiterated their position on the Nord Stream 2 project, following talks with his German counterpart Heiko Maas, RT reports. "We discussed a number of issues related to energy cooperation. We confirmed our support of the Nord Stream 2 project, which...
German energy company Uniper said on Wednesday it will withdraw from the controversial gas pipeline project Nord Stream 2 if Washington imposes sanctions on the Russia-initiated venture, RIA news agency reported. “As Uniper, we cannot risk that we will actually be covered by U.S. sanctions. Then we would be...
Russia’s Rosneft oil and gas company has signed a contract on buying 5 billion cubic meters of gas from the nation’s energy giant Gazprom at a regulated price, several industry sources informed Kommersant. The oil company needs gas to meet its obligations under long-term contracts. Initially, Rosneft planned to close...
Ukraine urged the D.C. Circuit on Tuesday to toss Russian energy company PAO Tatneft's bid to enforce a $112 million arbitral award it won following the forced 2007 seizure of a Ukrainian oil refinery, saying an exception to sovereign immunity doesn't apply in this instance. According to the Russian legal...
Major Russian oil producer Lukoil is ready to cut oil production if Russia agrees to do this as part of the OPEC + deal, the company's CEO Vagit Alekperov told reporters, according to Reuters. However, the CEO said that harsh weather conditions in Western Siberia mean the company can cut production only...
For years, Russia has worked to gain influence in Southeast Europe, using Serbia as a foothold to establish a friendly pocket on a hostile continent. The European Union finally is pushing back. European Commission President Jean-Claude Juncker is embarking on a seven-nation Balkans tour Sunday to promote the EU's new...