Russia agrees to cut oil production, but for just six months
It is reasonable to freeze crude production for six months with potential prolongation, Russia’s Energy Minister Alexander Novak said, quoted…
Russia and Norway in talks over gas exports to Europe
Russian Energy Minister Alexander Novak has discussed with his Norwegian counterpart Tord Lien common interests on the European gas market,…
Russia’s Central Bank estimates crude oil at 40 USD by 2019 end
The bank’s report says possible decision on freezing oil production will not have significant effect on rebalancing oil market. Russia’s…
Gazprom claims it received first permits for Turkish Stream pipeline
Gazprom has received through diplomatic channels first permits from the authorities of Turkey for the implementation of the Turkish Stream…
Loss of Russian market for Ukraine comes to USD 15 bln — Poroshenko
Ukraine’s losses from forfeiting the Russian market have totaled about USD 15 bln, which became a serious trial for the…
Konieczny: FP reduced political influence in companies it owns
While Fondul Proprietatea (FP) presence suceeded reducing the political influence in companies it owns, FP became the fifth largets fund…
WTO to announce decision about Russia next May
The World Trade Organization (WTO) will announce its decision regarding the dispute started by Russia on the so-called EU Third…
Turkey greenlights 22 bln. USD Akkuyu nuclear plant and suports Turkish Stream
Turkey has removed all legal obstacles for construction of the Akkuyu nuclear power plant and supports the construction of the…
US oil reserves surpass those of Saudi Arabia and Russia
The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by…
EU will vet member states gas deals with non-EU countries
The European Council decided on Monday that gas-related intergovernmental agreements between member states and third countries would be vetted by…
OMV is betting on Romania for granting stability in an uncertainty dominated environment
“Some might say that I lack vision. I can admit that. But look how many fail around us, so we…
TAP construction starts this summer
The construction works of the Trans Adriatic Pipeline (TAP) will start mid this year in Greece, said the Greek segment…
Nord Stream 2, criticized at the European Commission by eight countries, including Romania
Nord Stream 2 gas pipeline project is criticized by eight European countries, signatories of a letter addressed to the President…
Record Russian and UK oil production in 2015, crude prices keep falling
Production of oil and gas condensate in Russia reached in 2015 roughly 534 million metric tons (nearly 10.72 million bpd),…
Russia has stopped construction of the first Turkish nuclear power plant
Russian state company Rosatom has stopped construction of the first nuclear power plant in Turkey, a project of 20 billion…
