Russia | Egypt Oil & Gas - Part 51

Oil Price Stabilisation to Help Lower Russia’s Inflation

Further stabilization of oil prices is likely to help lower inflation in Russia, allowing the central bank to reduce rates at a faster pace, the World Bank said Monday as it raised the economic outlook for the country.

Iran’s Nuclear Power Program to Gain Additional Russia Help

A senior official of Russia’s State Corporation on Atomic Energy, Rosatom, has indicated his company’s interest in building new nuclear power plants in Iran.

Russian Auctions Tycoon Moving into Solar Power

Billionaire Viktor Vekselberg is out to prove that solar has a place in Russia, the world’s largest exporter of oil and gas.

Romania, Bulgaria to Support New Gas Pipeline

Four ex-communist countries have signed a declaration of support for the construction of a gas pipeline across all four states that will ease dependence on energy coming from Russia.

Norway Overtakes Russia as Western Europe’s Top Gas Supplier

Norway has overtaken Russia as western Europe’s top gas supplier, data from state firms shows, indicating the European Union’s drive to reduce its dependence on Russian energy is bearing fruit.

Egyptian-Russian Forum to Expand on Business and Energy Cooperation

The forum, taking place 25-26 May, will be attended by the ministers of industry and trade from both countries

After Deepwater Horizon Disaster, BP’s Strategy Shits to the East

As 2011 dawned, BP was desperate to turn the page. For nine months, the crisis-stricken oil major had been weathering the US fallout from the Deepwater Horizon disaster, which killed 11 workers and caused the largest ...

Ukraine’s Naftogaz Pre-Pays Russia’s Gazprom with $32m for Gas

Ukraine's state-run gas company Naftogaz has transferred $32 million (20 million pounds) to Russia's gas monopoly Gazprom as a further pre-payment for gas deliveries, a spokeswoman for the company said on Monday.

Turkey to Re-Link Italy and Russia Gas Plans

OAO Gazprom revived a deal with Saipem SpA to build a gas link through the Black Sea, which was suspended after Russian President Vladimir Putin scrapped the South Stream pipeline to Europe last year.

Russian Company Acquires Remaing Solimoins Oil, Gas Fields in Brazil’s Amazon River Basin

Russia’s Rosneft oil and gas company has acquired the remaining shares of Brazil’s Solimoins oil and gas fields in the Amazon River basin, Rosneft announced Monday in a statement.

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