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Russia approves Lukoil’s Krasnodar power plant upgrade project

Russia -based energy firm Lukoil’s wholly owned subsidiary Lukoil-Kubanenergo has secured approval from the Russian Government to upgrade three generation units of the Krasnodar heat and power plant located in Krasnodar Region.

read more... 03/06/2019

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Russia to deliver Power of Siberia gas from Dec.1

Russia aims to deliver natural gas to China via the Power of Siberia pipeline from Dec. 1, Deputy Chairman of the company Vitaly Markelov said late Tuesday.

read more... 31/05/2019

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Russia's oil output falls to 11.126 million bpd on May 1-26

Russia’s oil production fell to 11.126 million barrels per day (bpd) between May 1 and 26, two industry sources told Reuters on Monday.

read more... 28/05/2019

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Daily (20.05.2019): NBP spot price slumped by 7.5% on Friday amid system oversupply

Oil prices lost momentum on Friday, weighed by persistent concerns over a weakening demand because of the stalemate in the U.S.-China trade negotiations. However, the decline in the Iranian and Russian exports along with reduced shipments from the North Sea capped losses. As a result, Brent crude retreated by 0.6% to 72.21 USD/bbl. In the meantime, WTI Crude price slipped by 0.2% to 62.76 USD/bbl.

read more... 20/05/2019

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Gazprom makes huge Siberian gas discovery

Russia's state-owned Gazprom Friday announced a 17-trillion-cubic-foot gas discovery in Siberia, Kallanish Energy reports.

read more... 20/05/2019

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