Russia | Egypt Oil & Gas - Part 38

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. “Our first-quarter results indicate that parts ...

US ‘Deeply’ Concerned Nord Stream Pipeline Is Security Threat

The United States is “deeply” concerned about the Nord Stream-2 gas pipeline project as a threat to national security, a senior US Energy envoy said after the issue was raised at the US-EU energy council h...

Russian Rosneft Seeking Partners in Indonesia

Russian giant Rosneft is aiming to expand its list of strategic partners in Asia via Indonesia, seeking to accelerate the already initiated sale of assets to Indian companies, according to Russia and India Report. As ...

EU’s Rejection to Nord Stream Grows

The Energy Union, launched by the European Commission with the intention to secure energy for consumers at affordable prices, competitive market opportunities for suppliers and strengthened solidarity and trust betwee...

Russia Gets Funding for Gas Plant from China

Two Chinese state banks have agreed to lend more than $12b to develop a Liquefied Natural Gas (LNG) plant in the Russian Arctic, in a boost for one of Russian President Vladimir Putin’s flagship projects after sanctio...

Russia Ups Oil Exports to China

Russia exported around 6.8m tons of crude oil to China in the first quarter of 2016, according to the First Deputy Energy Minister, Kirill Molodtsov, who added that the Ministry expects them to grow during the rest of...

IEA: Russia, Saudi Arabia to Pump As Much Oil As Possible

The head of the Oil Industry and Markets Division at the International Energy Agency (IEA) told CNBC that he believed both Russia and Saudi Arabia will continue to “pump as much oil as possible.” Ahead of ...

Kuwait Boost Purchase of Russian LNG

Kuwait has plans to purchase up to 1.5m metric tons of Liquefied Natural Gas (LNG) from Russia on an annual basis, according to the Deputy Managing Director of Kuwait Petroleum Corporation (KPC), Nasser Abdullah Saleh...

Russia’s Rosneft Eyeing Iranian Oil&Gas Projects

Russian oil producer Rosneft is interested in oil and gas projects in Iran, according to the Energy Minister, Alexander Novak, Reuters reported citing the RIA news agency. However, the Minister added that “It is...

Crude Prices Jumped to 2016 Highs Ahead of Oil Majors’ Meeting

Crude oil prices jumped on 12th April and closed at 2016 highs after reports that Saudi Arabia and Russia have reached an agreement on an oil-production freeze, Business Insider informed. West Texas Intermediate crude...

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