Wednesday, September 23, 2020
Vietsovpetro, a joint oil and gas venture by Vietnam and Russia, has earned $1.28 billion from sales in the first eight months of this year, 19.4 per cent over its yearly target, Vietnam News reports. During the period, the Vietnamese side gained more than $101 million in profit and the...
A branch of the TurkStream pipeline that will deliver Russian natural gas into Turkey as well as southern and southeastern Europe will begin to be built in Serbia next month, the country’s energy minister Aleksandar Antic has said after the Serbian energy regulator has given final approval for the...
After an extensive $55 billion modernization of Russia’s refineries, the country plans to sharply increase fuel exports and carve out a larger share of the European market, companies’ plans and analysts’ reports show. Following a fuel shortage crisis in 2011, Russia embarked on a modernization project for its biggest refineries....
The European Union should protect its companies from the United States' ongoing attempts to dictate energy policy and the accompanying threats of sanctions over the Nord Stream 2 gas pipeline, the CEO of the Austrian oil and gas company OMV, Rainer Seele, has said, according to EADaily. The pipeline, which will...
Driven by foreign projects across the world, Russian state nuclear company Rosatom aims to triple its revenue in U.S. dollar terms by 2030, its chief executive told Reuters. Rosatom is the world’s only integrated nuclear firm, providing a one-stop shop from uranium enrichment to handling nuclear waste, after its two...
Russian-Ukrainian gas negotiations are ongoing, said the head of the Ukrainian Gas Transportation System Operator Sergey Makogon, Radio Sputnik reported. Moscow and Kyiv are negotiating gas, which began in Vienna on Thursday in order to achieve the implementation of a joint protocol on gas cooperation, signed in Minsk on December...
Russian oil output fell to 11.11 million barrels per day in May, its lowest level since June 2018, from 11.23 million bpd in April, Energy Ministry data showed on Sunday, according to Mail.ru News. The country’s Druzhba pipeline, which usually ships one million bpd, or 1 percent of global oil...
A financial analyst has been fired in Russia a day after publishing a report saying that Russian gas pipeline contracts are designed to benefit oligarchs allied with President Vladimir Putin, bne IntelliNews reported. Sberbank CIB analysts Anna Kotelnikova and Alexander Fak’s report said that the decisions of state-run energy firm Gazprom...
Indian steelmakers have started testing samples of Russian coal, India’s Steel Minister Dharmendra Pradhan said on Tuesday, adding that he was confident that his country would import more coking coal from Russia this winter, Reuters reports. “Offtake of coal from Far East Russia can grow as the coking coal…becomes more attractive...
French company Air Liquide said on Monday it would invest around 130 million euros ($152 million) in the construction of an industrial gases plant in Novokuznetsk, Russia. The Russian subsidiary of the French industrial gas specialist announced last Thursday the signing of a long-term contract to supply oxygen, nitrogen, and argon to...