Sunday, July 5, 2020
The CEO of Russia’s biggest oil producer Rosneft, Igor Sechin, met with Russian President Vladimir Putin this week, with the development of the Russian Arctic shipping route being high on the agenda, Bellona reports. The powerful company leader assured Putin that the unprecedented boost in cargo volumes laid out in...
Despite the booming U.S. natural gas imports, the country hasn’t stopped accepting imports of the fuel, including a shipment of Russian gas likely headed for Massachusetts, Bloomberg reports. With prices expected to spike as the East Coast winter sets in, pipeline constraints, depleted stockpiles and a 98-year-old law barring...
Poland's top energy company PKN Orlen has requested compensation for shipments of contaminated crude oil from Russian suppliers, its CEO Daniel Obajtek said in a company statement Wednesday, according to Reuters. The Polish company's costs comprise the processing of the oil, protecting installations and additional petroleum purchases. "We are determined to...
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...
German authorities on Wednesday issued a final approval for a new gas pipeline from Russia, risking higher tensions with eastern neighbors fearful of European energy dependence on Moscow, Deutsche Welle reported. The Federal Agency for Maritime Navigation and Hydrography (BSH) issued the approval after investigating the environmental and commercial impact...
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...
Russia and Syria have discussed the possible reconstruction of gas transportation infrastructure, underground gas storage facilities, oil and gas production and oil refineries in Syria, Russian Energy Minister Alexander Novak was quoted as saying by RIA news agency. The two countries also agreed to speed up reconstruction of thermal power...
A deeper cut in oil supplies is one of the options that OPEC and its allies could consider in December, its secretary general said on Thursday as the producer group's forecasts pointed to slower global growth and lower demand next year, Economic Times reported. OPEC, Russia and other producers, this...
Russian companies sent nine ships carrying more than 3 million barrels of crude oil and petroleum products to the United States last week, the highest amount since 2011, McClatchy reports citing a review of the U.S. Bill of Ladings database by investment bank Caracas Capital. Amid debilitating oil sanctions lodged...
Russian gas giant Gazprom is trying to include a $3 billion payment it owes Ukraine’s national gas company Naftogaz under a ruling by the Stockholm Arbitration in ongoing negotiations on a long-term gas supply deal with Ukraine, Reuters reports. According to sources in the Russian delegation speaking to the media,...