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The financing will go primarily to strengthen energy security across the initiative’s countries, which consider it necessary to end, or at least reduce, dependence on Russia as an energy supplier.
A Dutch appeals court has ordered the Russian government to fork out $50bn to former shareholders of defunct Russian oil giant Yukos, marking another twist in a more than decade-old legal battle.
Prime Minister Ludovic Orban announced last month that Bucharest will scrap its deal with China General Nuclear Power Corporation (CGN) to expand the Cernavoda nuclear power plant.
Ukraine’s national gas company Naftogaz has held talks with international investment banks and potential investors about the prospects for an IPO, Naftogaz CEO Andriy Kobolev said on February 17.
Belarusian President Alexander Lukashenko has pledged to siphon off Russia's transit oil from the Russia-EU oil pipeline Druzhba, if Moscow fails to supply the "necessary volume" of oil in February.
After a very strong rally Russia’s stock markets have been hit by fears of a global coronavirus epidemic and collapsing oil price. The market has given up all its gains, but not so the utilities sector which is up 16% YTD.
As five more Turkish soldiers are killed Ankara tells visiting Russian delegation Syria attacks on observation posts must stop immediately
Traders, meanwhile, treating Turkish Airlines shares as lira funding source by shorting them, following introduction of short-selling bans on most active banking stocks.
Afghanistan’s President Ashraf Ghani on February 6 announced the official launch of works on the Afghan stretch of the Tajik and Kyrgyz-led CASA-1000 electricity transmission project, Afghanistan’s TOLOnews reported.
Figure from satellite-based Tankertrackers.com far higher than volumes suggested by other analytical companies. Tehran may fear surge in Chinese purchases may be a precursor to winding down of imports under US pressure.
Shortlisted candidates ready to file bids for Bulgaria’s Belene nuclear project, energy ministry says
TAPI project, also to traverse Pakistan, is going nowhere fast. Claims that Turkmen section is complete seen as highly dubious.
After signing off on a new gas transit deal in the last days of last year, Ukrainian authorities backed off their threat to more than triple gas tariffs for domestic producers in an effort to keep the pipeline system from going bankrupt.
Prime Minister Ludovic Orban cited the EU's new Green Deal rather than security issues or cost concerns circulated previously as the main reason behind a potential end of the deal with CGN.
Foreign powers agreed at a summit in Berlin on January 19 to try to solidify the unstable truce in Libya between the internationally recognised government, which is backed by Turkey, and the self-styled Libyan National Army (LNA) forces of warlord Kh
Western Balkans Investment Framework (WBIF) study reveals huge untapped renewable energy potential in the region, which currently relies heavily on coal power.
Backlog of Turkish contract work in conflict-torn country amounts to $16bn says business council representative. Ankara militarily backing Tripoli government in bid to ensure its survival.
Lukashenko slams Russia for "making three times more money" from gas sales to Belarus than from Germany
Belarusian President says Russian natural gas monopoly Gazprom earns "three times as much in Belarus than in Germany" from gas sales amid the lack of agreement with Moscow on new oil and gas subsidies for Minsk.
Nuclear plans account for 19% of Russia’s aggregate electricity generation compared to the 40% European average.
Russia suspended oil deliveries in the first week of January as it failed to agree a new supply contract with Minsk, but supplies were resumed on January 4 after talks between the two countries' prime ministers.
The previous supply contract expired on December 31, 2019 and the two sides had been trying to agree a new deal.