Russia’s Rosneft recommends record dividend on 2021 results
Russian oil producer Rosneft (ROSN.MM) said on Monday that it would pay a record dividend of 41.66 roubles ($0.63) per share on its 2021 results, or 50% of its net Continue Reading
EU’s Borrell hopeful of deal on Russian oil ban
European Union members should be able to reach an agreement on a new sanctions package against Russia, including imposing restrictions on Russian oil imports, during talks being held by officials, Continue Reading
EU summit to agree sanctions should include Russian oil embargo with pipeline exemption – draft
European Union leaders are due to agree at a summit later in the day that the sanctions package under preparation should include an embargo on Russian oil imports as punishemnt Continue Reading
UK says Russia suffers devastating losses among lower-ranked officers
Russia appears to have suffered devastating losses amongst mid- and junior-ranking officers in its conflict with Ukraine, raising the prospect of weaker military effectiveness in future, Britain’s defense ministry said Continue Reading
Russia to service foreign debt using gas-for-roubles type scheme -Vedomosti
Russia plans to settle its Eurobond obligations using a mechanism similar to the scheme used to pay for Russian gas in roubles, the Vedomosti newspaper reported, citing Finance Minister Anton Continue Reading
Russia to service foreign debt using gas-for-roubles type scheme -Vedomosti
Russia plans to settle its Eurobond obligations using a mechanism similar to the scheme used to pay for Russian gas in roubles, the Vedomosti newspaper reported, citing Finance Minister Anton Continue Reading
Europe’s unity ‘crumbling’ on Russia sanctions, Germany warns
Europe’s unity on sanctions against Russia is “starting to crumble”, Germany’s economy minister has warned as diplomats highlight continued divisions over a package of sanctions set to be discussed by Continue Reading
Serbia’s president says agrees to new 3-year gas deal with Russia
Price, volumes yet to be finalized Current contract linked to oil prices Kremlin says Russia agreed to uninterrupted supplies to Serbia Serbian President Aleksandar Vucic said May 29 that a Continue Reading
How Will UK Windfall Tax Hit Big Oil Cash Flows?
The new UK oil and gas upstream levy will hit Big Oil group cash flows by less than four percent, even at the most exposed end. That’s what BofA Global Continue Reading
Iraq is looking to boost its oil production capacity to 5 million b/d by 2025: minister
Iraq to further ramp up capacity to 8 mil b/d by 2028 Ihsan Ismaael has given conflicting timelines for capacity ramp-up Iraq is seeking IOC help to develop its fields Continue Reading