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Last updated on April 20, 2014 at 14:04 EDT

Latest Energy in Russia Stories

2014-03-27 12:24:03

LONDON, March 27, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report: Russian Federation Gas Markets, 2013 Russian Federation Gas Markets, 2013 SummaryThis profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Russian Federation. It details the market structure, regulatory environment, infrastructure and provides historical and...

2013-12-06 12:24:05

BRUSSELS, December 6, 2013 /PRNewswire/ -- Top energy bosses have joined forces with senior government ministers in arguing the case for Gazprom's South Stream gas pipeline, stressing its value and potential economic benefit for Europe. by Martin Banks Critics say the pipeline will tighten Russia's grip on the European energy market while the European Union says that it currently fails to comply with EU energy and environmental laws. But a high-level...

2013-11-13 23:19:34

Reportbuyer.com just published a new market research report: Hydropower (Large, Small and Pumped Storage) in Russia, Market Outlook to 2025, 2013 Update - Capacity, Generation, Regulations and Company Profiles. London (PRWEB) November 13, 2013 Hydropower (Large, Small and Pumped Storage) in Russia, Market Outlook to 2025, 2013 Update - Capacity, Generation, Regulations and Company Profiles Summary "Hydropower (Large, Small and Pumped Storage) in Russia, Market Outlook to 2025, 2013...

2013-06-25 12:23:01

MOSCOW, June 25, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" and/or the "Company") announced today that its equity stake in ZAO Nortgas ("Nortgas") increased from 49% to 50% as a result of an additional issue of shares. The per share purchase price of the additional stake is in line with the price paid for the 49% stake in Nortgas acquired earlier. Note: Nortgas holds the hydrocarbon production license for the North-Urengoyskoye field, located in the Nadymskiy and Purovskiy regions...

2013-06-21 08:20:59

GENEVA, June 21, 2013 /PRNewswire/ -- Rosneft President and Chairman of the Management Board Igor Sechin and Trafigura Chairman and CEO Claude Dauphin have signed a five year contract with a prepayment to supply crude oil and petroleum products. The contract has been signed at the St Petersburg International Economic Forum and was previously approved by Rosneft Board of Directors on June 18, 2013. Under this contract Rosneft plans to export up to 10.11 million tons of...

2013-06-17 08:23:50

LONDON, June 17, 2013 /PRNewswire/ -- L1 Energy has been established as the global oil and gas investment vehicle of Alfa Group, one of Russia's leading privately held investment companies. L1 Energy is part of LetterOne Group, Alfa Group's new international corporate investment vehicle, which will also include the Group's telecommunications assets as well as its financial assets resulting from the sale of its stake in TNK-BP. An L1 Energy international Advisory Board has been formed...

2013-04-25 12:23:25

MOSCOW, April 25, 2013 /PRNewswire/ -- OAO NOVATEK announced today that the Annual General Meeting of Shareholders ("AGM") has approved the election of new members to the Board of Directors. The following members were elected to the Board of Directors: Andrei I. Akimov: Chairman of the Management Board of Gazprombank; Burckhard Bergmann: Board Member of the Presidium of the German-Russian Chamber of Commerce, Member of the Advisory Board of the Union of German Science Funds; Yves...

2012-12-12 08:22:55

MOSCOW, Dec. 12, 2012 /PRNewswire/ -- Rosneft and the consortium of Alfa Group, Access Industries and Renova (AAR) today signed a sale and purchase agreement for the 50% stake in TNK-BP. The transaction price is set on the basis of the valuation of AAR's TNK-BP stake at $28 billion. Completion of the deal is expected in the first half of 2013 after receiving approvals from Russian and EU antimonopoly regulators. Commenting on this agreement, Rosneft President Igor Sechin said: "We consider...

2012-10-22 11:22:34

MOSCOW, Oct. 22, 2012 /PRNewswire/ -- AAR announces that it has signed Heads of Terms (Memorandum of Understanding) to sell its 50% interest in TNK-BP Ltd. to Rosneft for an aggregate price of US$28 billion in cash. BP has provided a waiver of its right to hold good faith negotiations with AAR over a 90-day period as stipulated by the TNK-BP Shareholder Agreement. The transaction is subject to finalization of a share purchase agreement and other customary closing conditions. Chief...

2012-09-04 06:22:50

MANCHESTER, N.H., Sept. 4, 2012 /PRNewswire/ -- EagleBurgmann, a Freudenberg Group company, is supplying special seals for most of the pumping stations on the ESPO (East Siberia Pacific Ocean) pipeline. The involvement of EagleBurgmann is an example of Freudenberg's concerted expansion in the oil and gas production field. ESPO (East Siberia Pacific Ocean) is a mammoth pipeline project. The pipeline, with a length of almost 5,000 kilometers, is being built in the East of Russia...