Economy: page 3

Moscow. Russian-led gas pipeline project Nord Stream 2 may save the European Union about eight billion dollars annually thanks to a 13 percent drop in costs, according to the enterprise’s operator. “If the pipeline is completed by the end of 2019 and is launched in 2020, ...

Moscow. Total investment utilization of Gazprom group for gas, oil, electricity generating, and heat generating assets will amount to 2. 094 trillion rubles (32. 95 bln) in accordance with the investment program for 2019, the company said. In the investment program for 2018, the group ...

Singapore. Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from U. S. sanctions on Iran, but analysts said markets remained tight. A stutter in China’s factory and servicing industries ...

Washington. It’s becoming increasingly difficult for Anadarko Petroleum Corp. to justify sticking with Chevron Corp. ’s $30. 9 billion takeover as its shares gain following Occidental Petroleum Corp. ’s higher offer. On Friday -- a day when most U. S. oil companies dropped ...

Moscow. The so-called western route of Russian gas supplies to China is going to be the most promising and significant gas transit corridor, Alexei Miller, CEO of Russian gas giant Gazprom, said on Sunday. "Yamal is not merely a new center of gas production. It is a richest gas ...

Singapore. Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U. S. sanctions against Iran. Brent crude futures were at $71. 80 per barrel at 0215 GMT, ...

Tehran. An Iranian Foreign Ministry spokesman blasted the United States for not extending waivers it had given to some countries to get around its sanctions regime against Iran ‒ and Arabic oil exporters who welcomed the decision. The Foreign Ministry said the US and these countries will be ...

Bagdad. Russian companies will develop new oilfields in Iraq, Deputy Prime Minister Yuri Borisov told. "We agreed that Rosneftegaz and other our companies will take part in this work, " the official said. "Rosneft and Bashneft clinched agreements on exploration and ...

Berlin. The German Ambassador to the United States has asked the US Congress to hold back new sanctions against two of Russia’s biggest gas corporations, as further penalties may put energy security of the European Union in jeopardy. In March, Emily Haber wrote a letter to several ...

Baku. Azerbaijan has invited Chinese companies to cooperate in the field of alternative energy, Azerbaijani Energy Minister Parviz Shahbazov said, Trend reports with reference to the Energy Ministry. Shahbazov made the remarks in Beijing at the meeting with Head of China’s National ...

Singapore. Oil prices dipped on Friday on hopes that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a tightening of sanctions on Tehran by the United States. Despite this, oil markets remain tight amid supply disruptions and rising ...

Bagdad. Iraqi Oil Minister Thamir al-Ghadhban on Wednesday said that the ministry is planning to conduct oil and gas explorations in the desert in western Iraq within the next four years, Trend reported citing Xinhua. "The plans of the ministry in the next four years are aimed at ...

Singapore. Oil prices dipped on Thursday as record U. S. output and rising crude stockpiles dampened the impact on markets of tighter U. S. sanctions on Iran and producer club OPEC’s continued curbs on supply. Brent crude futures were at $74. 53 per barrel at 0241 GMT, down 4 cents from ...

Washington. More than 20 countries have lowered their oil trade with Iran to zero since last May, US Special Representative for Iran Brian Hook said in a press briefing on Tuesday. The official noted that Washington gave a choice to other countries to work with the United Sates or continue ...

Singapore. Oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington’s push for tighter sanctions against Iran. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in ...

Moscow. Gazprom considers the possibility of acquiring a stake in one of the key producing assets of Argentina’s YPF, the company said. "Gazprom Group is considering the possibility of implementing projects in Argentina, including those related to the development of ...

Singapore. Oil prices were near 2019 highs on Tuesday after Washington announced all Iran sanction waivers would end by May, pressuring importers to stop buying from Tehran. Brent crude futures were at $74. 40 per barrel at 0239 GMT, up 0. 5 percent from their last close and not far off a ...

Singapor. Oil prices rallied by more than 2 percent on Monday to levels not seen since November 2018 as a Reuters source familiar with the matter confirmed a report that Washington is set to announce all imports of Iranian oil must end or be subject to sanctions. Brent crude futures rose to a ...