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Khabarovsk. Russian Energy Minister Alexander Novak has castigated a US bill on introducing sanctions against investors of the Nord Stream 2 project, branding it absurd and illogical. Senator John Barrasso, a Republican from Wyoming, introduced a bill to slap sanctions on investors in Russian ...

Moscow. PJSC "LUKOIL" took the final investment decision on the Rakushechnoye field development project in the Caspian Sea. The commercial production is scheduled to start in 2023. The field infrastructure under the taken decision includes a fixed offshore ice-resistant platform, ...

Moscow. Silk Way Rally, an international off-road race, is scheduled to kick off in Astrakhan on 20 July 2018. SIBUR is sponsoring an environmental awareness initiative involving separate collection of plastic bottles along the race route. In 2017, the Russian Ministry of Natural ...

Kazan. A regular meeting of the PJSC TATNEFT’s Board of Directors chaired by R. N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on July 20, 2018. The meeting reviewed the results of the Company's budget implementation for five months and approved the budget ...

Baku. The temporary suspension of liquefied natural gas (LNG) sales by Azpetrol (the biggest operator of the network of filling stations in Azerbaijan) was related to depletion of LNG reserves in the company. Earlier it was reported that Azpetrol restored the sale of LNG. “The ...

Moscow. PJSC "LUKOIL" (hereinafter the Company) reports on the beginning of the active execution phase of the strategic initiatives supported by the Board of Directors in December 2017. That’s during the review of the LUKOIL Group Strategic Development Program for 2018-2027. ...

Tokyo. Crude prices rose on Friday but were set to drop for the week as concerns about oversupply and lower demand due to a possible economic slowdown. Brent oil rose 7 cents to $72. 65 a barrel by 0354 GMT, after rising to $73. 04 earlier in the day. U. S. West Texas Intermediate (WTI) ...

LUKOIL and the Sheremetyevo International Airport have successfully completed the construction of a new fueling facility with a capacity of up to 1. 2 million tonnes per year. Reported the press service of LUKOIL. ​The tank battery, with a nominal volume of 20 thousand cubic meters of ...

London. At least three top staff recently left London-based hedge fund firm MarkhamRae, which has underperformed its peers and saw three of its biggest investors pull out almost $300 million. Head of Distribution Kerry Duffain, Cameron Christie, a partner, and Janos Hawkins, senior ...

Jiangsu Rudong, China. The second stage of the Yamal liquefied natural gas (LNG) plant will be launched in early August. Said this chief Executive Officer of Russia’s gas producer Novatek Leonid Mikhelson said Thursday. "Yamal LNG is being implemented ahead of schedule, the ...

Moscow. President Trump announced the U. S. withdrawal from the JCPOA. Washington has been pressing allies to end all imports of Iranian oil by a November 4. deadline. Moreover, in a briefing on June 26, a senior State Department official was quite firm that the US doesn't ...

Baku, Azerbaijan. Azerbaijan’s state oil company SOCAR is refocusing activities of its trading arm (SOCAR Trading) on LNG and its STAR refinery in Turkey. The industry expects demand for fuel oil to plummet as few ships have such equipment. Adding impetus is an upcoming change in ...

Tokyo. Oil prices were mixed on Thursday as the market struggled to digest signs of strong gasoline demand in the United States. Brent crude futures fell 11 cents, or 0. 2 percent, to $72. 79 a barrel at 0401 GMT. West Texas Intermediate (WTI) crude futures climbed 6 cents, or 0. 1 percent, ...

Kiev. Kiev’s decision to delegate Foreign Minister Pavel Klimkin to the trilateral gas talks in Berlin rather than the country’s Minister of Coal and Energy Igor Nasalik, was greenlighted by the government and connected to the allocation of responsibilities pursuant to the EU ...

Baku, Azerbaijan. The Russian automaker UAZ intends to deliver 1, 000 cars to Uzbekistan in 2018. Which is almost 2. 5 times more than in 2017, Podrobno. uz reported. The Ulyanovsk automobile plant delivered 5, 101 cars abroad in 2017, which is 47 percent more than a year earlier. Most ...

The boys, aged 11 to 16, and their 25-year-old coach have been in hospital following a successful international effort to rescue them last week after they became trapped in the flooded Tham Luang cave complex. The government has allotted a 45-minute slot to Wednesday’s news conference on ...

Berlin. Russia is ready to extend the current contract on gas transit via the Ukrainian territory or discuss a new one. About it Energy Minister Alexander Novak said following the trilateral gas talks between Russia, Ukraine and the European Union on Tuesday. "We are ready to extend ...

Tokyo. Oil prices dropped on Wednesday after an industry group reported that U. S. crude inventories rose last week, defying analyst expectations for a significant reduction. Brent futures were down 31 cents, or 0. 4 percent, at $71. 85 a barrel by 0240 GMT. They rose 32 cents to $72. 16 a ...