Vyacheslav Kulagin

Europe to be connected to Turkish Stream next year

Construction of the second line of the Turkish Stream gas pipeline will be completed by 2020, Russian Foreign Minister Sergey Lavrov said after talks with the Deputy Prime Minister, Foreign Minister of Bulgaria Ekaterina …

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Poland to stop buying Russian gas?

Poland will not buy Russian gas after 2022, the government’s strategic energy infrastructure commissioner Piotr Naimski said. “Both Baltic Pipe and expansion of the liquefied natural gas (LNG) terminal is …

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Russia earns nearly $1 bln thanks to U.S. sanctions

U.S. oil sanctions against Iran and Venezuela increased demand for oil from Russia, which allowed Russian exporters to earn at least $905 million in additional revenues between November and July, according to Bloomberg’s calculations. …

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Moscow and Riyadh may not extend oil output cut deal

Russia and Saudi Arabia believes that the oil output cut deal would be extended unless the market became balanced, Russian Energy Minister Alexander Novak said. The energy ministers of OPEC and non-OPEC countries agree …

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Russia's Gazprom ranks first in global power rating

Russia's Gazprom snagged the number 1 spot in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, ending U.S. oil and gas giant ExxonMobil's 12-year reign at the top of the list  Germany's E.ON …

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New US Sanctions on Russia to hit Europe

New US sanctions against Russia may increase uncertainty on European gas markets, international rating agency S&P Global Ratings said in a statement. S&P Global Ratings said it currently believes that if, as a result of new …

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Ukraine to seize Russia's Gazprom property

Ukraine’s supreme economic court dismissed on Tuesday the appeal of Russian energy giant Gazprom which was demanding a reversal of the decision of lower courts on enforced recovery of around $6.4 billion in fines from the country in favor …

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Dollar reaches 55 rubles again

The ruble exchange rate is strengthening against the dollar and the euro on the Moscow Stock Exchange: the dollar declined by 0.18 rubles and was worth 55.9 rubles,  The euro exchange rate fell 0.24 rubles and was worth 59.65 …

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Oil prices dropping suddenly

The prices of May futures for Brent oil have declined by 2.7% to $51.62 per dollar on the ICE Exchange in London for the first time since the early December 2016. The April futures for WTI oil fell to $48.88 per barrel at the New York Mercantile …

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Kashagan oil field operating normally

Work to bring onstream the giant Kashagan oil field in Kazakhstan is going normally and some crude has already been processed and put in storage, Kazakh Energy Minister Kanat Bozumbayev said. Four wells were …

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In Russia may allow free export of oil

In 2018 in Russia can reset the export duty on oil, while increasing the taxes on production. Respective capabilities considering the Russian government. According to Bloomberg, these measures will deprive  Belarus and Kazakhstan …

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