Tag Archives: Russia

Russia’s largest oil producer Rosneft made a second-quarter profit of 43 billion roubles (€496 million) after reporting a loss in the previous three months thanks to a rise in oil prices, it said on Friday. Rosneft, headed by Igor Sechin, a long-standing ally of President Vladimir Putin, is the first …

The Polish antitrust regulator announced that they are fining Gazprom for refusing to cooperate in a case related to the construction of Nord Stream 2. The fine amounts to 50 million euros and is the largest possible, explained the Polish side. The investigation is related to the financing of the …

The average daily oil and gas condensate production in Russia from July 1 to 29 was at the level of 1.281 mln tonnes, according to the data released by the Central Dispatching Department of Fuel Energy Complex (CDU TEK) on Monday. This is 0.7% above the average daily oil production …

Russia slightly increased its oil production in July, ahead of OPEC+ plans to start easing their record supply cuts starting this month. The nation’s producers pumped 39.63 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s an average daily of …

US Secretary of State Mike Pompeo has told lawmakers that the United States intends to impose sanctions on firms that continue to help Russia build a natural-gas pipeline to Europe as he sought to dispel concerns about Washington’s commitment to halt the controversial project. “We will do everything we can …

RN-Vankor, an enterprise of the Rosneft Oil Company production complex, has discovered a new field on the border of the Krasnoyarsk Territory and the Yamalo-Nenets Autonomous District. Recoverable reserves of the Novoognennoye field were registered in the State Reserve Register at more than 20 mln tonnes of oil and about …

Russia exported 396,000 tonnes of liquefied natural gas (LNG) to China in June, while US exports amounted to 340,000 tonnes during the same period, Bloomberg reported on Monday, citing data from China’s General Administration of Customs. According to the customs data released on Sunday, Russia’s LNG exports to China increased …

Oil was little changed in Asia as signs of an easing in coronavirus cases across the U.S. south were countered by ongoing diplomatic tensions between the Trump administration and China. Futures in New York slipped 0.3%, after rising 0.5% on Friday. Reported cases and fatalities fell in many states hit …

European consumers will benefit from lower gas prices if the underwater pipeline from Russia to Germany, the Nord Stream 2, is completed, energy consultancy Wood Mackenzie said as the US is up in arms trying to stop the project. Analysts expect the price for the blue fuel in Europe to …

Turkey is looking to reduce further its reliance on Russian gas, and for the first time in almost two decades, Turkey may not receive gas at all from Russian gas giant Gazprom for at least two weeks. According to Turkish state-owned Botas, cited by Interfax, the Turkish Stream pipeline will …