Gazprom 2017 Net Profit Falls to 714 Bln Roubles
Russian gas giant Gazprom said on Thursday its net profit totalled 714 billion roubles ($11.38 billion) in 2017, down from 952 billion roubles a year earlier.Analysts polled by Reuters had expected the company to post a net profit of 684 billion roubles.Revenue totalled 6.5 trillion roubles, the company said, while earnings before in
Glencore Suspends Rusal-EN+ Share Swap due U.S. Sanctions
Swiss-based trader Glencore said on Tuesday it would not "at this time" be swapping its shares in Russian aluminium producer Rusal for Global Depository Receipts in EN+ due to U.S. sanctions on both firms. Foreign partners of Russian firms like Rusal, which was hit by new U.S.
Russia, Syria ink energy cooperation agreement
Russian Energy Minister Alexander Novak and Syrian Electricity Minister Mohammad Zuhair Kharboutli signed a "road map" agreement for cooperation in the energy sector, the Russian Energy Ministry said on Wednesday. "The road map provides for the phased implementation of strategically important projects for the rehabilitation…
Novatek to Launch Second Yamal LNG Line in September
Russia's largest non-state natural gas producer Novatek will launch a second line at its Yamal LNG plant in September, the RIA news agency cited the company as saying on Wednesday. Novatek owns a 50.1 percent stake in Yamal LNG. France's Total and China National Petroleum Corp each control 20 percent…
Gazprom Secures $1.19 Bln Loan from Japanese, US Banks
Russian energy major Gazprom said on Tuesday it would receive 1 billion euros ($1.19 billion) in a five-year loan from Japan's Mizuho Bank Ltd and Sumitomo Mitsui Banking Corp, as well as U.S. lender JP Morgan Chase Bank. ($1 = 0.8413 euros) (Reporting by Dmitry Solovyov; Editing by Jack Stubbs)
Rosneft, NIOC Eye $30 Bln in Oil and Gas Projects
Russian oil producer Rosneft and the National Iranian Oil Company have signed a road map on the implementation of "strategic" projects in Iran with total investments worth up to $30 billion, Rosneft head Igor Sechin said on Wednesday. He said the deal paved the way for legally-binding documents to be signed within a year.
Kazakhstan Ready to Discuss Extension of Global Oil Output Cut Deal
Kazakhstan is open to discussing the possible extension of a global deal to cut oil production if such an issue arises, RIA news agency quoted Kazakhstan's energy ministry as saying on Wednesday. "We have not received a proposal about an extension. If the issue of an extension arises…
Saudis: US Shale Not an Issue
U.S. shale oil coming to the market is not a concern, Saudi Energy Minister Khalid al-Falih said on Thursday, adding that demand will absorb it. "Shale coming in and happening again in 2018 doesn't bother me at all. The market can absorb it," he said, speaking at an energy forum in Moscow.
Putin: Oil Cuts with OPEC Could Last to End of 2018
Russian President Vladimir Putin said on Wednesday a deal between OPEC and rival oil producers to reduce production could be extended to the end of 2018, a longer timeframe than others have suggested, in a bid to curb a supply glut. The pact between the Organization of the Petroleum Exporting Countries…
Oil Export Will Be Main Topic at OPEC, Non-OPEC Meeting in Moscow
Oil exports will be in the spotlight at a meeting between OPEC and non-OPEC members in Moscow this week, Russian Energy Minister Alexander Novak said on Tuesday. Novak said energy and oil ministers from more than half of OPEC's members will visit Moscow to take part in the Russian Energy Week 2017 forum.
Cyber Attack Hits Oil Giant and Banks in Russia and Ukraine
Russia's top oil producer Rosneft said a large-scale cyber attack hit its servers on Tuesday and computer systems at some banks and the main airport in neighbouring Ukraine were also disrupted. A Moscow-based cyber security firm, Group-IB, said it appeared to be a coordinated…
Gazprom Says Poland Gas Supply Issue Resolved
Russia's Gazprom said on Thursday a technical issue that caused poor quality gas to be delivered to Poland via the Yamal pipeline had been resolved. Poland on Wednesday temporarily halted gas deliveries from Russia via the pipeline due to poor quality of the gas. "From this afternoon on…
Azeri Oil Output at 9.46 Mln T in Q1
Azerbaijan's oil output totalled 9.46 million tonnes in January-March, the State Statistics Committee said on Monday. (Reporting by Nailia Bagirova; Writing by Jack Stubbs; Editing by Andrey Ostroukh)
Gazprom: Gas Exports to Europe, Turkey up 17.7% Y/Y
Russian gas exports to Europe and Turkey rose 17.7 percent year-on-year between Jan. 1 and March 15 to 42.9 billion cubic metres, gas giant Gazprom said on Thursday. (Reporting by Jack Stubbs; Editing by Susan Thomas)
Rosatom Working on Preliminary Stages of South Africa Bid
Russian state nuclear agency Rosatom is participating in the preliminary information-gathering stage of a tender to build a nuclear power project in South Africa, TASS news agency reported on Tuesday. TASS previously cited Rosatom Chief Executive Alexei Likhachev as saying his company had submitted a bid for the project.
Gazprom 2016 Exports to Germany at Record High
Russian gas producer Gazprom said on Monday its gas exports to Germany hit a record high last year and have surged since the start of this year. It said it exported 49.8 billion cubic metres (bcm) of gas to Germany in 2016, surpassing a record 45.3 bcm in 2015. Germany is the biggest overseas market for state-run Gazprom…
Rosneftegaz Closes Rosneft Privatization Deal
Russian state holding company Rosneftegaz on Wednesday closed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.5 percent stake in state-owned oil major Rosneft, Rosneft said. The privatization deal, which Rosneft Chief Executive Igor Sechin called the largest in Russia's history…
Russia signs Rosneft deal with Qatar, Glencore
Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.5 percent stake in state-owned oil major Rosneft, Rosneft said. The privatisation deal, which Rosneft Chief Executive Igor Sechin called the largest in Russia's history…
Russia's Novak Says No OPEC Talks on Friday Night
Russian Energy Minister Alexander Novak said there would be no oil talks with the Organization of the Petroleum Exporting Countries on Friday night. (Reporting by Alissa De Carbonnel; Writing by Jack Stubbs; Editing by Maria Kiselyova)
Rosneft May Consider Privatisation Deal
Russian oil major Rosneft could consider a privatisation deal at a board meeting on Wednesday, a person close to the board and a second person in the banking industry told Reuters on Monday. Under a government decree, the sale of a 19.5 percent state stake in Rosneft is to be finalised by Dec.
