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Some analysts see indicator as more reliable than GDP, industrial output and PMI data when it comes to assessing extent of industrial activity in country.
The US State Department has announced that Malta seized $1.1bn worth of “counterfeit” Libyan dinars that were travelling by ship to the Libyan parallel government and were printed by the Russian state-owned company Goznak.
News service uses documents deposited by PR firm to reveal Mehmet Ali Yalcindag’s activities. Now head of Turkey-US Business Council, the businessman, once called a “close friend” by Donald Trump, is pushing to build up agriculture and LNG shipments.
New block at the Dukovany nuclear power plant is expected to come online in 2036.
Move means Washington has scrapped last remnants of 2015 nuclear deal that it was tolerating. Tehran says move is “desperate” and designed to distract from the failure of the Trump administration’s policy on the Islamic Republic.
Gas delivered via pipelines from Russia and Iran down 72% y/y and 33% y/y in March. US expanding shipments of liquefied natural gas amid glut as spot prices fall.
Polish and Baltic states’ power grid operators ask EU for €1.2bn to fund syncing of their energy systems
State-controlled nuclear energy producer Nuclearelectrica will begin talks to terminate the agreement signed with China's CGN on the construction of two new reactors at the Cernavoda.
Producers and investors remain cautious, as the coronavirus pandemic continues to affect energy demand, but are starting to plan for the post-crisis period.
Venezuelan state TV airs pictures of officials celebrating arrival. Four more tankers still en route. Trump official slams “Maduro's expensive deals with another pariah state".
Russia’s leading petrochemical producer Sibur Holding successfully closed the order book for its BO-01 and BO-02 exchange-traded bond issues, worth RUB10bn ($139mn) and RUB5bn ($69mn) respectively, the company announced on May 21.
White House officials loathe to see one Trump-sanctioned nation coming to the assistance of another, especially in a presidential election year.
Austrian company cites COVID-19 uncertainties. Move is a blow to Kazakh plans to use vast gas reserves to make more value-added products. Nur-Sultan already struggling with oil price crisis.
Russia’s Gazprom is pushing ahead with plans to build a second major gas pipeline to China.
The market may be showing early signs of a recovery, but for many oil and gas companies, the worst is still to come
Maduro said to be paying Tehran in bars of gold for gasoline to relieve acute shortages. US president—needing a foreign policy victory such as the dislodging of the strongman ahead of his re-election bid—is reportedly considering his options.
Leading Russian petrochemical company Sibur's revenues were down 7.8% year on year due to falling prices in ruble terms caused by the current economic crisis, but the newly completed ZapSib facility has cushioned the blow.
INTERVIEW: Bakhtiyor Fazilov, major shareholder in Uzbek drilling company ERIELL Group and Enter Engineering
ERIELL also one of three major independent drilling companies in Russia. Well construction and overhaul services provided to top oil and gas companies. Enter Engineering has important role in Uzbekistan’s COVID-19 response.
The €2.1bn Baltic Pipe will carry gas from the Norwegian Sea via Denmark to Poland, starting in 2022. Poland needs the pipeline to reduce its dependence on Russian gas imports.
Decision made amid pandemic disruption to financial markets and with one eye on vote-shifting distrust of foreign investors ahead of elections.