Latest news

Russia opens the section of the pipeline transporting oil to China

Russian oil sector obtained a new market for its oil with the opening of the East Siberian-Pacific Ocean oil pipeline.

read more... 01/09/2010


Russia agrees on nuclear cooperation with South Africa

Russia agreed to supply uranium to South Africa, a deal which could boost trading exchange of two countries.

read more... 06/08/2010


New Joint Venture between Novatec and Gazprom to develop Yamal gas and oil field

Novatec formed a Joint Venture with the Russian energy state company Gazprom to develop the Yamal oil and gas field. Each company holds 50% in the venture.

read more... 29/07/2010


New Joint Venture in Russian energy sector between GE and Inter RAO

The meeting of Russian prime-minister Vladimir Putin with GE officials concluded with the creation of a new joint venture in the energy sector of the country. The joint venture between the Russian state power trader, Inter RAO, and the US industrial conglomerate, General Electric, will build gas turbines for power plants in Russia.

read more... 26/07/2010


Lukoil close to obtaining a tax reduction for Caspian Sea developments

Lukoil applied for a tax reduction for its oil exploitations in Caspian Sea from Finance Ministry of Russia. The tax cut will save Lukoil approximately $460 million for 2011.

read more... 14/07/2010