Saudi state oil company Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia’s Lukoil, to 50%, the chief executive of the Russian company said on Wednesday. “They are interested in ...
Saudi Arabia and Russia have signed an agreement to cooperate on nuclear energy development, a Saudi government body in charge of such projects said. The government body, the King Abdullah City for Atomic and Renewabl...
Some of the world’s most powerful oil executives will attend Russia’s top investment show next week, once again helping the organizers shrug off a meager turnout from other leading Western industrialists a...
Austria’s state oil and gas oil and gas company OMV wants to build a pipeline to bring Russian natural gas to Europe which would bypass Ukraine, local media reported Saturday. According to Die Presse, the projec...
Europe’s biggest oil groups are extending business deals with their Russian energy partners despite this month’s EU vote to continue imposing sanctions, highlighting how western companies are learning to live with the...
Global equity markets are waking up to a new $558 billion magnet pulling cash out of developing nations from Russia to Malaysia. As Saudi Arabia lifts a ban on direct investments by foreigners, fund allocators are pre...
Ukraine hopes that the price for the third quarter will be lower, Demchishin said in an interview to Ukraine’s Channel 5. “The negotiations are underway and, I think, that in the course of the next two weeks an ...
Gazprom has vowed to entirely cut out Ukraine as a transit hub for natural gas exports to Europe. The conflict with Ukraine has scrambled the longstanding energy relationship between Russia and Europe. The European Un...
The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields. U.S. oil production rose to a...
Europe will soon be forced to speak with Russia not only on the Turkish Stream issue, but also in regard to increased volume of gas deliveries, Gazprom Deputy Chairman Alexander Medvedev said Tuesday. “We believ...