Russia | Egypt Oil & Gas - Part 47
Kazakh Currency Drops 22% from Oil Price
The national currency of Kazakhstan, the Tenge, lost nearly a quarter of its public value on Thursday, reported the New York Times. The devaluation came after the central bank of Kazakhstan announced it would cease ma...
Iran to Receive More Nuclear Fuels from Russia
TVEL, a subsidiary of Russia’s state-run nuclear energy company Rosatom, says it will deliver fresh nuclear fuel to Iran’s Bushehr power plant by the end of this month, reported Press TV. This is scheduled for Septemb...
Russian ERIELL to Drill 25 Wells in West Qurna, Iraq
A leading Russian oilfield services group, ERIELL, has just signed a contract with Lukoil Middle East to drill 25 production wells at the West Qurna-2 oilfield, reported Trade Arabia. As stipulated in the contract, th...
Russia Expands Claims of Oil Resources in Arctic
Russian President Vladimir Putin recently stated that his country is laying claim to an additional 1.2m square km of territory in the Arctic, The BBC reported. Russia has been particularly active in the Arctic region ...
Russia, Egypt to Sign Deal for 2nd Nuclear Power Plant
Russian Prime Minister Dmitry Medvedev announced during an interview with Ahram Online that a deal for the construction of a second nuclear power plant in Egypt is about to be finalized. A package of relevant contract...
China Backs Out of Pipeline Project with Gazprom
China National Petroleum Corporation (CNPC) has decided to back-out of an agreement with Russian gas giant Gazprom for the construction of a natural gas pipeline from western Siberia to the Xinjiang region, according ...
Gazprom to Take Legal Action Against Turkmengaz
A spokesman for Russia’s Gazprom confirmed Friday that the corporation has filed a case against Turkmengaz, Turkmenistan’s state gas company, at the international arbitration court in Stockholm, Sweden. According to R...
Iran PetroChem Export Balancing Act Needs Russian Help
Russia is in talks with Iran for supplies of petrochemical products in exchange for assets as part of their barter deal, an official in Tehran has said. Several delegations have visited Tehran and Moscow in recent wee...
