Latest news
Turkey predicts first unit of Akkuyu nuclear plant to be operational by end 2023
Turkey hopes the first unit of its scheduled $20 billion Akkuyu nuclear power plant, being constructed in cooperation with Russia, to be online by the end of 2023, as stated by energy minister Berat Albayrak on Tuesday.
read more... 09/11/2016
BP and Rosneft to create a joint venture to explore resources in Eastern and Western Siberia
British energy company BP and Russian giant Rosneft announced the creation of a new joint venture, Yermak Neftegaz LLC, to carry out exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation.
read more... 02/11/2016
Daily: Oil drops by 2% to settle at $48.70 on Friday, the biggest weekly loss since mid-September
Oil
Oil prices reduced on Friday on uncertainties about OPEC's planned production cut. Experts of Organization of the Petroleum Exporting Countries and counterparts from non-member producers such as Russia initiated two-day negotiations on Friday on curbing output to reduce a global glut that has influenced the markets for two years.
read more... 31/10/2016
Gazprom will think about cancelling shareholder deal over Nord Stream extension
Russia's Gazprom will consider annulling a deal with European associates to enlarge the Nord Stream gas pipeline at a board meeting on November 9, it declared on Wednesday, following resistance to the plan in several European nations.
read more... 27/10/2016
Bulgaria to pay compensation to Russian Atomstroyexport for ditched nuclear project
Bulgarian state energy company NEK said on Wednesday that is ready to pay about 600 million euros to Russia's Atomstroyexport for the equipment already manufactured for the scrapped Belene nuclear power plant project.
read more... 26/10/2016