Russia | Egypt Oil & Gas - Part 35
Gazprom Announces First Oil Shipped From Arctic Yamal
Russia's Gazprom has started oil shipments from its new Arctic Gate oil loading terminal offshore northern Russia. About 6.3m tonnes of feedstock is planned to be extracted from the field as early as 2018.
Rosneft, Hellenic Petroleum Inked Oil Supplies Agreement
Russia's state-run Rosneft oil company and Greece's Hellenic Petroleum signed an agreement on key conditions for the supply of Russian crude to Greece and the trading of oil products.
Russia, Vietnam Sign New Energy Deals
Vietnam's state-owned PetroVietnam and Russia’s top oil and gas companies signed several cooperation agreements and memoranda to expand their ties in the energy sector.
Russia Loans Egypt $25b to Build Nuclear Power
Russia will loan Egypt $25b to finance building and operating a nuclear power plant in the country. Egypt's President, Abdel Fattah Al Sisi approved the loan, which would be paid off over 35 years.
CNPC to Construct Second China-Russia Oil Pipeline
China National Petroleum Corp. (CNPC) will start laying a second domestic oil pipeline in June to allow for increased Russian crude supplies to flow to China’s northeastern city of Daqing.
Southern Gas Corridor ‘On Time’, BP Exec
The Southern Gas Corridor, a project of pipelines which will transport gas from the Shah Deniz field in Azerbaijan to European markets for the first time in history, is running on time and on budget, a BP senior exec ...
Azerbaijan Seeks To Buy More Russian Gas
Azerbaijan's state oil company SOCAR has put forward a proposal to Russia's Gazprom for purchasing 3 to 5bcm of gas a year, SOCAR President Rovnag Abdullayev told reporters.
Germany’s E.ON Propped Up Profits Thanks to Gazprom Deal
E.ON, Germany's largest utility, reported an 8% rise in first-quarter core earnings, after the group secured better gas prices from Russian supplier Gazprom.
