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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.
Producers association expects power spot price to dive 40% in pandemic-hit April and 15% in 2020. Even operational profitability tough to sustain. Opposition says government policy encourages building of plants country does not need.
Extent of OPEC+ output restrictions drawn up to tackle price crisis leaves Baku with little choice but to include energy major in reductions.
Did Russian President Vladimir Putin just screw up in a spectacular fashion? Russia pulled out of the OPEC+ production cut deal on March 6, setting off a downward spiralling of prices that ran out of control
Oil prices fell to less than zero for the first time in history as producers ran out of places to store crude on April 20.
Baku has spent the past few years recovering from the previous collapse of hydrocarbon prices and building its financial firepower to fend off any repeat.
Russian utilities are coming under pressure as customers are expected to start reneging on their bills and demand for power falls off heavily, as most of the country will be on a strict lockdown for all of April.
American sanctions leave Europe unable to offer Iran the economic support it demands for compliance.