Energy giants Rosneft and Lukoil have begun the procedure for obtaining permits from the Russian Economy Ministry for exports to Ukraine in line with a Russian government resolution from last month, Interfax Ukraine reported.
The two companies are the largest suppliers of diesel fuel and liquefied gas to Ukraine. Rosneft...
In a bid to shield the energy industry and its employees from the spread of coronavirus, Russian oil and gas workers in the Arctic Yamal peninsula could see their shifts extended by months, Reuters reported on Wednesday.
The region's governor recommended in an order published on Tuesday that the shifts...
The Irkutsk Oil Company (INK), a Russian oil and gas producer in which U.S. banking giant Goldman Sachs owns 3.75% of shares, plans to invest billions of dollars to develop its gas processing business and boost oil production, Reuters writes.
Goldman Sachs International bought its stake in the company in 2013. The Irkutsk-based...
The consortium behind the Russia-led Nord Stream 2 natural gas pipeline has resumed laying pipes in the waters of Denmark, it said on Saturday, despite mounting pressure on the project from Washington, Reuters reports.
Construction of the link, which would double the capacity of the existing Nord Stream pipeline to...
The Russian Ministry of Energy considers the current oil price of $40-43 per barrel more or less balanced and does not expect price changes after the weakening of the OPEC+ production restrictions, Energy Minister Alexander Novak told reporters, TASS reported.
"No, we do not expect it, because the market is...
Russian oil firm Lukoil plans to spend at least $1 billion buying back shares by the end of 2019, the Vedomosti newspaper cited the company’s first vice president for finance as saying on Friday.
Lukoil will begin the buyback this month and the process will be handled by Citibank, Alexander Matytsyn said.
Lukoil’s...
Oil export duties in Russia will be gradually cut to zero over six years, according to a new agreement between Russia’s finance and energy ministries and its main oil companies, Reuters reported.
Two government sources told the news agency on Wednesday that the agreement was made at a special meeting to...
Russian oil company Gazprom Neft has launched active construction at its new high-tech oil-refining catalyst production facility in Omsk last week, state-run news agency Ria Novosti reported.
The new plant will be producing modern catalysts for key processes in deep oil refining and the production of Euro-5 fuels, with...
Iraq and Saudi Arabia agreed on Saturday to continue working to re-balance markets and stressed their commitment to output cuts agreed by the Organization of the Petroleum Exporting Countries, Russia and other allies, Reuters reports.
The comments came after Iraq’s Finance Minister Ali Allawi, who is acting oil minister, visited...
Political scientist and economist Alexander Dudchak estimated the tariff for transit of Russian gas voiced by Ukraine's Naftogaz for 2020-2024, as reported by RIA Novosti.
According to the expert, Kyiv offers only profitable options for itself. The presented calculation is just an attempt to pretend that the Ukrainian company is...
