Tag Archives: Sanctions

The general observation is that Russia has huge and promising projects to offer. and American companies have immense expertise and effective technologies.

Instead of making payments to Iran. India used the money for other activities such as making investments of its own.

The U.S. Treasury Department will issue a sanctions announcement later on Wednesday.

Over past years. Petroleum Ministry paid its main attention to develop oilfields in the Persian Gulf.

The Kremlin said earlier this week that penalties could hurt investment projects with European partners. such as the Nord Stream Two pipeline from Russia to Europe.

Crimea is subject to EU sanctions on energy equipment after Russia annexed the Black Sea peninsula in 2014.

Iran needs 200 billion dollar investment to develop oil industry which should be supplied through foreign sources.

In 2016. ExxonMobil'.s refining amounted to 4.268.000 barrels per day (a decrease of 3.7%).

Russia intends to localize the production of blade rows for gas turbines amid the row over the alleged delivery of Siemens-made turbines to Crimea in violation of Western sanctions.

It is Schlumberger’s second attempt to buy part of EDC and would be the first U.S. purchase of a stake in Russia’s oil and gas sector .