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Moscow. Privatization of the Russian shipping company Sovcomflot may take place in 2020 and the company is ready for that, Deputy Transport Minister Yury Tsvetkov told. "My answer is positive. Certainly, it may take place. Sovcomflot is always in the standby for privatization and it ...

Baku. Saudi Arabia is unlikely to push for deeper oil cuts in OPEC during the upcoming meeting in Austria, Trend reports citing UK-based Capital Economics research and consulting company. “There has been a lot of speculation in the press about the possible outcome of the upcoming OPEC+ ...

Singapore. Oil prices began the week on a brighter note on Monday, posting early gains as positive noises from Washington over the weekend rekindled optimism in global markets that the United States and China could soon sign a deal to end their bitter trade war. Pumpjacks are seen against ...

Moscow. The Nord Stream 2 project designed to deliver Russian natural gas to Germany and other European customers will start working in the middle of next year, Deputy Prime Minister Dmitry Kozak said. He gave no other details about the exact date of the pipeline’s launch. Earlier, ...

Moscow. All LUKOIL Group's facilities received winter preparedness certificates for 2019 – 2020. With action plans to get prepared for operation in autumn and winter of 2019 already developed, LUKOIL's power generation facilities have started weekly monitoring to ensure ...

Baku. On November 21, 2019, Kazakhstan and US signed a memorandum of understanding, which will help create Central Asia Regional Energy Market (CAREM), thus making an important step in strengthening energy cooperation, Trend reports with reference to the press office of US embassy in ...

Moscow. Transneft-Druzhba, a subsidiary of the Russian oil pipeline operator Transneft, completed scheduled activities at the Kuibyshev - Unecha-2 main oil pipeline, section No. 42 of the main oil product pipeline and on site facilities, the company said. Work was performed in the ...

Singapore. Oil prices were toppled from their highest in nearly two months on Friday by doubts over future demand for crude as uncertainty continues to shroud a potential U. S. -China trade deal, and along with it the health of the global economy. That was more than enough to offset news of ...

Khanty-Mansiisk. 20. 086 mln tons of oil were produced in KhMAD in October, which is 0. 549 mln tons more than in September, according to the estimates by the Oil and Gas Information Agency. The average daily production increased by 3. 3 thousand tpd and amounted to 647. 9 thousand tons. ...

Moscow. OPEC may have no appetite to cut oil production deeper when it meets next month, but flaring political crises across the group are once again threatening supply. Unrest erupted in Iraq and Iran this month -- two of the Middle East’s biggest producers -- as people took to the ...

Baku. Caspian Pipeline Consortium (CPC) Marine Terminal in Yuzhnaya Ozereevka loaded the 6, 000th marine tanker since the Consortium started to operate, Trend reports citing CPC. The milestone tanker was «FOLEGANDROS» of Shipper KazMunaiGaz. The tanker was loaded as normal and ...

Brussels. Representatives of Russia, the European Union and Ukraine made a decision to continue talks in coming days and summarize results next week after technical consultations on gas ended today, a source in the European Commission told TASS. "A senior official’ trilateral ...

Moscow. The oil and gas condensate field of PJSC LUKOIL, formerly known as Rakushechnoye, located within the Severnyi Area in the Russian Sector of the Caspian Sea has been renamed after Valery Grayfer by order of the Russian Federal Agency on Subsoil Use. One of the Company's ...

Singapore. Oil prices retreated on Thursday after gaining more than 2% in the previous session on bullish U. S. crude inventory data, as a fresh spat over Hong Kong fueled concerns of a further delay in any U. S. -China trade deal. The trade war between the world’s two biggest ...

Ottawa. About 3, 200 workers at Canadian National Railway Co. went on strike at midnight Tuesday, threatening to crimp shipments of oil, potash and grain across the country. Conductors and yard operators at Canada’s largest railway walked off the job after failing to reach an ...

Moscow. Gazprom has completed welding work on the linear part of the gas pipeline to supply gas to Nord Stream 2 on the Russian territory, and is preparing to commission its compressor station, the holding said. "The welding of the planned linear section of the gas pipeline with a ...

Brussels. The European Commission (EC) has recommended direct purchases of the Russian gas totaling around 15 bln cubic meters per year to Ukraine to reduce expensive reverse supplies, a source in the EU’s institutions close to trilateral gas talks told TASS. "The European ...

Singapore. Oil prices were steady on Wednesday, after falling the past two days, as a surge in U. S. stockpiles reinforced concerns about lackluster global economic growth amid the trade war between the United States and China, the world’s two biggest oil consumers. West Texas ...