Russia | Egypt Oil & Gas - Part 40

Gazprom Approves $11.71b Investment Program in 2016

Russia's major gas exporter, Gazprom has approved its investment program worth $11.71b ( RUB 842b) in total in 2016, the company's board announced its decision in a statement.

India, Westinghouse to Sign Deal for 6 New Nuclear Power Plants

Delhi is expected to sign a deal with the US-based Westinghouse Electric Company LLC to build six nuclear reactors in India in the first half of 2016 to get country's $150b worth of nuclear power plans off the ground ...

Russia’s Rosneft and India’s Oil Majors Sign Hydrocarbons Deal

Russia's Rosneft, and two Indian oil majors, Oil India Limited and Indian Oil Corporation Limited, have signed a Memorandum of Understanding (MoU) to jointly carry out geologic survey, exploration, and production of ...

Russia Intensifies Military Presence in Arctic Oil&Gas Territories

Russia is building six new military bases in the disputed Arctic territory with an intention to protect its position in the global competition for the unexplored extensive oil and gas reserves, estimated at 90b barre ...

Russia Vies with Saudi in Oil Exports to China

Russia has outrun Saudi Arabia as the largest crude oil supplier to China in November.

Iran Signs $21b Export Deals with Russia

Iran has signed export deals with Russia worth $21b including production and procurement of satellite-related equipment and Superjets.

Turkey-Israel Rapprochement Targets Mediterranean Gas

Turkey and Israel have outlined contours of a long-delayed deal to repair their diplomatic ties after a five-year rift, paving the way for a bilateral agreement on Mediterranean gas pipeline.

Iran on Verge of Sanctions Removal, Nuclear Trade with Russia

Iran’s ambition to have sanctions removed in January is "not impossible", according to the International Atomic Energy Agency.

Russia Objects to US Intransigence over Turkey-ISIS Oil Trade

A Russian air strike destroyed an alleged ISIS oil convoy in the northern outskirts of the Aleppo province in Syria.

Russia Halts Gas Supplies to Ukraine

Disputes between Moscow and Kiev reemerged last week amid Gazprom's disruption of gas supplies to Ukraine, Kiev's ban on Russian planes flyovers, and a recent explosion of power lines on Russian-annexed Crimea.

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