Oil Edges to 2-Week High on Ukraine News
Oil prices edged up about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the market's geopolitical risk premium.Brent futures rose 66 cents…
Kremlin claims new U.S. Sanctions are an attempt by the U.S. to halt Russian gas exports
The Kremlin said on Friday that the new U.S. Sanctions on Russia's Gazprombank are an attempt by Washington, to hinder the Russian gas export. However, a solution will be found.
Japan will take all necessary steps to ensure Sakhalin-2 LNG supplies from Russia.
Japan's Industry Minister Yojimuto announced on Friday that it will take every measure to ensure a steady supply of liquefied gas from the Sakhalin-2 Russian project in response to new U.S. Sanctions.
PDVSA Ex-exec Admits Taking Bribes
A former finance executive of Venezuelan state oil company PDVSA accepted $17 million in bribes as part of a broad embezzlement scheme, U.S. federal prosecutors said on Wednesday…
Gazprom Plans 500 Mln Swiss Franc Eurobond
Russia's Gazprom plans to issue a five-year Eurobond worth 500 million Swiss francs ($533.62 million), the Interfax news agency reported on Tuesday, citing financial market sources.
Putin Okays Loading Start at Yamal LNG
President Vladimir Putin on Friday launched the first loading of liquefied natural gas at the Novatek-led Yamal LNG project in the Arctic, which will further expand Russia's global energy reach.
Venezuela Arrests Ex-oil Bosses
Venezuelan authorities on Thursday arrested two once-powerful officials who had run the oil ministry and state energy company PDVSA as part of a deepening industry…
PDVSA Defends Relationship With Russia
Venezuela's alliance with Russia is "perfect," the president of state oil company PDVSA said on Friday, blasting what he said was a U.S.-led attempt to sully the growing ties between the two nations.
Gazprom Fixes Yield for Seven-year Euro Bond
Russian state-owned energy company Gazprom has fixed the yield for a seven-year euro benchmark bond at 3.125%, in line with revised guidance. The company initially…
Mechel Signs Debt Restructuring Deal with Sberbank
Russian coal and steel producer Mechel said on Monday it had agreed a debt restructuring deal with the country's biggest bank Sberbank totalling 30 billion roubles ($446 million) and $427 million.
French Banks Eye Yamal LNG Project
French banks may participate in lending for the Russia's Yamal liquefied natural gas (LNG) project, a relevant agreement may be signed in 2016, Tass reported quoting…
Russian Banks Sign Loan Deal with Yamal LNG Worth $4.1 billion
Russia's Sberbank and Gazprombank have signed a loan agreement with Yamal LNG worth 3.6 billion euros ($4.1 billion), Interfax news agency reported on Monday citing unnamed sources.
Novatek CEO: Sanctions Hurt Yamal LNG, Upbeat on Plans
International sanctions have undermined the ability of Russia's Yamal LNG project to raise necessary funds but it will be launched as scheduled, Leonid Mikhelson…
Yamal LNG Financing in Final Stages
A deal to raise financing for the Novatek-led Yamal LNG project in Russia is in its final stages, Chairman of Gazprombank, Andrey Akimov, told Reuters. Gazprombank…
Gazprom Q1 Profit Soars on Weak Rouble
Russia's largest gas producer Gazprom beat expectations with a 71 percent jump in first-quarter net profit after weakness in the rouble more than compensated for a drop in sales volumes to Europe.
Rosneft's AGM Declares Dividend
At the Annual General Meeting of Rosneft shareholders held in St.Petersburg on June 17, 2015 it was decided to distribute the profit of 87 billion rubles as dividend…
VEB Could Lend Novatek's Yamal LNG $1 Bln
Russian state development bank VEB could lend Novatek-led Yamal LNG project around $1 billion, Russian news agencies quoted VEB Chairman Vladimir Dmitriev as saying.
Gazprombank Could Demand Arrest of Ukrainian Gas
Russia's Gazprombank said on Monday it could demand the arrest of 5.7 billion cubic metres of natural gas in Ukraine's underground storage facilities, if Ostchem…
Russia Looking Haggard But Default Risks Low For Now
Fears are growing that Russia could face a dollar liquidity crunch if sanctions remain in force, though in the short term the default risk is limited given the central bank's firepower.
Chad Aims to Double Oil Output
Production at 130,000 bpd by end-2014, 260,000 bpd by 2016; firms assessing mineral deposits including gold, nickel. But, Chad sees ongoing security costs amid regional instability.
