Alexei Kokin

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Where is oil dropping to?

Oil prices are still staying at a low level. Showing a downward tendency. As of 5:02 p.m., Brent blend oil costs 49.16 dollars per barrel and oil of the WTI blend is 43.9 dollars per barrel. At the same time, during the day they fell to …

Russian and Greek ministers sign memorandum on Turkish Stream

Russian and Greek Energy Ministers Alexander Novak and Panagiotis Lafazanis have signed a memorandum on extension of the Turkish Stream to Greece within the framework of SPIEF-2015. The joint company engaged in the construction will have 50/50 shares. Novak said that the construction will take place in 2016-2019, resulting in a pipeline with a capacity of 47 billion cubic meters. Russian President Vladimir Putin met with Greek Prime Minister Alexis Tsipras today and praised Greece for its activeness. The memorandum will have been updated by November.