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Russia and Azerbaijan sign new agreement on oil transportation

Russia and Azerbaijan signed a new agreement on oil transportation via the Baku-Novorossiysk pipeline. From the Azerbaijani side it was signed by representatives of the Azerbaijani state oil company SOCAR, and from the Russian side by representatives of …

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 Storm interrupts oil exports from Novorossiysk

Transneft temporarily suspended oil loadings from the port of Novorossiysk due to a storm, Transneft spokesman Igor Demin said. "There may be possibly a window by the evening," TASS cited him as …

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Russia and OPEC to discuss decline in oil production

The Saudi authorities have offered to hold a meeting of the Petroleum Exporting Countries to discuss the situation in the energy market. The head of 'Transneft' Nikolay Tokarev stated at the meeting that OPEC and Russia will discuss a …

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Nurtas Shmanov appointed head of KazTransOil

Nurtas Shmanov was appointed the new head of Kazakhstan’s KazTransOil oil transportation company. Earlier, the company’s director general Kayrgeldi Kabildin was dismissed from the post at …

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SOCAR welcomes contacts with Russian business

SOCAR (State Oil Company of Azerbaijan) has been actively cooperating with Russian companies in the oil sector and intends to further development of in the field of this cooperation. The Vice-president of the …

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Novak may replace Warnig in Transneft

Media report information about the government's directive to the state officials on the board of directors of Transneft about the need to vote in favor of the candidacy of the head of the Ministry of Energy, Alexander Novak, in the elections for the new

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Canada introduces sanctions against Gazprom and Transneft

Canada introduced additional economic sanctions against 14 Russian legal entities and three individuals. Such information is contained in the statement of Canadian prime minister Stephen Harper posted on the internet page of the Canadian

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Ingushetia to open new fitness complex

Ingushetia will open a new fitness center financed by Transneft, Ingush Leader Yunus-Bek Yevkurov declared at a meeting with Chairman of the Board and President of Transneft Nikolai Tokarev in Moscow, Yuga.ru reports.The sides discussed cooperation between the oil pipeline operator Transneft and the region, as well as financing of infrastructure.

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S&P lowers ratings of SOGAZ, Transneft, Ingosstrakh and RESO-Guarantia

Standard & Poor's Ratings Services (S&P) has lowered the ratings of several Russian insurance companies because of the escalating economic crisis in the country.  The downgrade affected SOGAZ, Transneft, Ingosstrakh and RESO-Guarantia. The positions of Rosgosstrakh, Soglasie and VTB Insurance remained unchanged.

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Tuapse cleared of oil spill

Rosneft and Transneft have reported today that oil spills in Tuapse Bay caused by a breach at an oil pipeline on December 24 were cleared. The breach was caused by a landslide provoked by weather problems, some of the oil got into the River Tuapse.

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