Monday, June 24, 2019
Venezuela's state oil and gas company PDVSA cut its debt to Russia's top crude producer Rosneft by $400 million in the second quarter to $3.6 billion as of the end of June, Rosneft's second-quarter results presentation showed Tuesday, according to Fomag.ru. Rosneft agreed prepayment deals for crude and products deliveries...
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...
Saudi Arabia's energy minister said on Monday he is hoping Russia will pick up on oil output cuts recently agreed with OPEC despite a slow start, CNBC reports. "We're committed both to the agreement in December. ... All indications so far so good, the Russians have promised me that they...
The Russia-Saudi oil partnership, a powerful alliance which rescued the industry from a deep slump, is facing its toughest test yet as prices plummet, Bloomberg writes. Crude oil has lost more than 30% of its value and Riyadh has been urging Russia to collaborate in cutting production again. Their alliance...
Russia sees no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could be facing a deficit, energy Minister Alexander Novak said on Saturday according to Reuters. The Organization of Petroleum Exporting Countries (OPEC) and its partners led by...
Britain-based mining major Eurasia got one step closer to completing its Monchetundra mine last week when it received mining permit approval from the Federal Securities Board and Ministry of Defense, Investegate reported. The project, located on the Kola Peninsula of Northwest Russia, has a combined resource and reserve total of 2...
Russia and Germany have agreed to set the conditions for future processing of spent nuclear fuel from German research reactors in Russia, state nuclear corporation Rosatom said on its procurement website, according to RIA news agency. The facilities in question are the research reactors in Rossendorf and Garching, the website...
The Russian economy is well prepared for new U.S. sanctions, and this will limit the influence of a new U.S. bill calling for the most drastic measures so far, such as a potential ban on dollar transactions involving state banks, analysts say. According to Platts, the new sanctions may accelerate...
Russian independent oil producer Lukoil has posted a net profit of 159 billion roubles ($2.42 billion) in the fourth quarter of 2018, up from 120.5 billion ($1.83 billion), the company said on Monday, according to RBC. Russia’s No.2 oil producer reported a Q4 revenue of 2 trillion roubles ($30.4 billion), while earnings before interest, tax, depreciation...
Trilateral Ukraine-EU-Russia talks on gas transit will take place in Brussels on January 21, the European Commission’s Vice President in charge of the Energy Union Maros Sefcovic tweeted on Wednesday, according to RIA news agency. "Pleased that the second round of political trilateral talks with Russia and Ukraine on the...