Tag Archives: Russia

Russia could start exporting oil to energy-starved Pakistan after March if terms are agreed, and is discussing with Islamabad whether payment could be made in the currencies of “friendly” countries, Russia’s energy minister has said. Pakistan has been battling a balance of payment crisis with foreign exchange reserves falling to …

Kazakhstan has secured approval from Russia to use its pipeline infrastructure to transport 300,000 tons of oil to buyers in Germany in the first quarter of this year, a state-run company announced on January 13. Kaztransoil, a state-owned oil transportation company, said in its statement that oil sourced from the …

India’s imports of Russian crude oil hit a record high of 1.2 million barrels per day (bpd) in December, as deep discounts on Russian crude when the price cap entered into force made India the top destination for Russia’s oil, ahead of China, Bloomberg reported on Monday, citing data from …

Oil prices rose in early trade on Thursday, building on gains in the previous session as China’s demand outlook improves and concerns rise over the impact of sanctions on Russian supply. Brent crude rose 50 cents, or 0.6 percent, to $83.17 per barrel by 0135 GMT, while US West Texas …

Kyiv expects the European Union to include Russian state nuclear energy company Rosatom in its next round of sanctions over the war in Ukraine, Prime Minister Denys Shmyhal said on Monday (9 January). Shmyhal said after talks in Kyiv with European Commission vice-president Frans Timmermans that Russia’s nuclear energy industry …

Russia’s Lukoil has sold its Italian refinery to a group of firms backed by a major trading house in its first significant asset sale since Moscow’s invasion of Ukraine, the companies said on Monday (9 January). Since its inception following the collapse of the Soviet Union, Lukoil had been one …

Norway became Germany’s single-largest natural gas supplier in 2022, overtaking Russia, as total German gas imports dropped by 12.3% compared to 2021, the German Federal Network Agency, Bundesnetzagentur, said on Friday. Norway provided 33% of the gas Germany imported last year, followed by Russia, whose share fell to 22% for …

The China-Russia east-route natural gas pipeline has raised its daily gas transmission capacity to 61 million cubic meters since its operation three years ago, and the annual gas transmission volume is expected to exceed 22 billion cubic meters in 2023, China Media Group (CMG) reported on Monday. In 2022, the …

Germany halted imports of Russian oil via pipeline on January 1, following through on a previous pledge to stop buying Russian pipeline crude despite the fact that the EU embargo exempts pipeline flows from Russia to Europe. The EU embargo on imports of Russian crude oil by sea came into …

The Islamic Emirate of Afghanistan’s (IEA) Ministry of Industry and Commerce (MoIC) has welcomed Russia’s suggestion that it will export gas to Afghanistan and Pakistan. The ministry said in a statement on Saturday that the Islamic Emirate is fully committed to positive economic relations with all countries and has already …