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Rosneft and BP achieve dissolution of the refining joint venture Ruhr Oel GmbH in Germany
Russian oil giant Rosneft and its shareholder BP unveiled the completion of the deal to dissolve the refining and petrochemical Joint Venture Ruhr Oel GmbH (ROG) in Germany with effect from January 1, 2017.
read more... 30/12/2016
Gazprom supplied nearly one-third of Europe’s gas consumption in 2016
Europe has never bought so much Russian gas, even in the Soviet era.
read more... 29/12/2016
Daily: Oil prices near flat in calm trade ahead of Christmas
Crude oil prices did not change significantly on Monday in quite traded ahead of Christmas as the market waited to observe whether U.S. shale gas production would increase enough to offset projected output cuts by OPEC, Russia and other producers in 2017. Brent futures for February delivery fell 29 cents or 0.5 percent, to settle at $54.92 a barrel, while U.S. West Texas Intermediate crude for January gained 22 cents, or 0.4 percent, to close at $52.12 per barrel.
read more... 20/12/2016
Gazprom and OMV reach a basic agreement on potential asset swap
Russian energy giant Gazprom and Austrian oil and gas group OMV reached a basic agreement on Wednesday to swap a 38.5% stake in OMV's Norwegian unit for a 25% stake in a section of Gazprom's Urengoy gas field.
read more... 15/12/2016
Italian Eni to divest to Rosneft a 30% stake in Zohr field offshore Egypt
Italian energy company Eni agreed to sell a 30% stake in giant Egyptian gas field Zohr to Russian major Rosneft for $1.58 billion, as a part of the Eni’s plans to raise cash to confront low oil prices.
read more... 13/12/2016