German utility RWE said it had closed the sale of its oil and gas production unit DEA to Russian billionaire Mikhail Fridman, confirming what a source familiar with the matter told Reuters earlier on Monday.
Ukraine’s state energy company will cut natural gas imports from Russia to keep the fuel flowing for the next six days as the former Soviet allies prepare for European Union-brokered talks in Brussels on Monday.
Ukraine is planning to increase its own oil production, first and foremost, through the development of the Subotynske oil field on the Ukrainian shelf of the Black Sea and oil fields in Egypt, where Naftogaz of Ukrai ...