Latest news
Rosneft signed a deal to buy a 30% stake in Zohr gas field
The Russian giant now owns a 30% stake in the Zohr gas field after closing a $1.125 billion (£850 million) transaction.
read more... 16/10/2017
Turkmenistan will allocate $93 billion to oil and gas industry
The President of Turkmenistan Gurbanguly Berdymukhammedov declared its intention to allocate $93 billion to encourage the country’s oil and gas industry, which has been negatively affected by small world prices and Russia’s decreasing demand.
read more... 11/10/2017
Rosneft is likely to increase crude oil exports to China
Russia’s major oil producer Rosneft considers strengthening its oil ties with China by significantly increasing oil deliveries through Kazakhstan.
read more... 09/10/2017
Daily (06.10.2017): Oil prices soared 2% on Thursday on signs of production cut in 2018
Oil prices increased by about 2 percent on Thursday as signs Saudi Arabia and Russia would cut output through next year. The news offset Wednesday's U.S. data indicating record U.S. exports and the return of production at a major Libyan oilfield.
read more... 06/10/2017
Siemens is prepared to assist in upgrading Russian power plants
German engineering company Siemens is set to take part in the modernisation of Russian power plants.
read more... 05/10/2017