Tag Archive

IMF Staff Concludes Visit to Russia

IMF Staff Concludes Visit to Russia

November 20, 2019 No Comments

An International Monetary Fund (IMF) mission, led by James Roaf, visited Moscow and Kaluga during November 13-20, 2019, to discuss recent economic developments, Russia’s economic outlook, and the authorities’ policies. At the conclusion of the visit, Mr. Roaf made the following statement: “Russia’s overall economic situation may be characterized by three main factors. First, adherence […]

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McDermott Awarded Ethylene Technology  Contract in Russia

McDermott Awarded Ethylene Technology Contract in Russia

November 18, 2019 No Comments

McDermott International, Inc. (NYSE: MDR) announced today it has been awarded a technology contract from Baltic Chemical Company (BCC) and a Extended Basic Engineering (EBE) contract from China National Chemical Engineering No. 7 Construction Company Limited (CC7). The ethane cracking project is owned by Baltic Chemical Complex LLC, a subsidiary of RusGazDobycha. McDermott’s Lummus Technology […]

LUKOIL AND NNPC SIGN MoU

LUKOIL AND NNPC SIGN MoU

October 29, 2019 No Comments

President of PJSC LUKOIL Vagit Alekperov and Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele K Kyari signed a Memorandum of Understanding between the companies. Memorandum was signed today at the Russia-Africa economic forum in Sochi. According to the Memorandum, the parties intend to consider possible cooperation in the exploration, production and refining of […]

ADNOC Awards LUKOIL a Stake in the Ghasha Sour Gas Concession

ADNOC Awards LUKOIL a Stake in the Ghasha Sour Gas Concession

October 17, 2019 No Comments

The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have awarded to a subsidiary of the Russian listed PJSC Lukoil Oil Company (LUKOIL) a five percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma and other offshore sour gas fields in the Emirate of Abu Dhabi. At […]

ADNOC and Russian Energy Agency Sign Comprehensive Strategic Framework Agreement

ADNOC and Russian Energy Agency Sign Comprehensive Strategic Framework Agreement

October 17, 2019 No Comments

The Abu Dhabi National Oil Company (ADNOC) signed a comprehensive strategic framework agreement with the Federal State Budgetary Organization “Russian Energy Agency” by the Ministry of Energy of the Russian Federation (REA), to explore new opportunities for collaboration across the oil and gas value chain. The agreement highlights the strength of the UAE-Russia bilateral relations […]

Saudi Aramco signs 1 SPA and 9 MOUs with Russian companies

Saudi Aramco signs 1 SPA and 9 MOUs with Russian companies

October 15, 2019 No Comments

Saudi Aramco President & CEO Amin H. Nasser attended the Saudi – Russian CEO Forum hosted in Riyadh as part of the state visit of the Russian President Vladimir Putin. At the Forum, Nasser noted the growing importance of Saudi Aramco’s evolving strategic relationship with Russian companies. After the CEO Forum, Saudi Arabia’s King Salman […]

Power of Siberia progressing  as scheduled

Power of Siberia progressing as scheduled

October 15, 2019 No Comments

The Company is making preparations for the first pipeline supplies of Russian gas to China via the Power of Siberia gas pipeline. Efforts for filling up the pipeline with gas from the Chayandinskoye field in Yakutia are going according to schedule, with start-up and commissioning operations undergoing at the field’s core facilities. Drilling of 176 gas production wells is completed, as the work is progressing ahead of schedule. Production drilling is in full swing at the […]

Gazprom to reduce number of ownerless gas networks

Gazprom to reduce number of ownerless gas networks

September 27, 2019 No Comments

The Gazprom Board of Directors reviewed the information on the measures undertaken to inventory ownerless gas facilities in the Russian regions, as well as to optimize the procedure of their transfer to specialized organizations for further operation in line with the Russian laws. It was noted that proper operation and timely technical maintenance of the […]

Enel Green Power starts construction at 201 MW Kolskaya wind farm

September 24, 2019 No Comments

Enel Green Power broke ground today at the Kolskaya wind project, located in the Russian region of Murmansk. With 201 MW of installed capacity, the facility is the largest wind farm currently under construction beyond the Arctic Circle. The project, owned by Enel Russia, will involve a total investment of around 273 million euros. Today’s […]

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Launch of the Giant Arctic LNG 2 Development

Launch of the Giant Arctic LNG 2 Development

September 5, 2019 No Comments

Total, Novatek and the other project shareholders have approved the final investment decision (FID) for Arctic LNG 2, a major liquefied natural gas (LNG) development located on the Gydan peninsula, Russia. The project will have a production capacity of 19.8 million tons per year (Mt/y) and is expected to export its first LNG cargo by […]

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