Rosneft May Top Gazprom as Kremlin’s Crown Jewel of Energy
The two energy companies at the heart of Russia’s economy are on the verge of a historic reversal that could subtly shift the balance of power in the corridors of Continue Reading
Russia’s Ruble Drops Most in Two Weeks on Renewed Oil Pressure
Current-account surplus narrows by 50% in first two months Russia’s ruble fell the most in two weeks as oil declined on receding bets that as supply glut will ease, while Continue Reading
Low Oil Prices Force Russian Defense Cuts, Top Military Business Boss Says
Russian defense procurement will drop by about 10% this year as low oil and gas prices drain income from the state budget, according to the powerful head of the conglomerate Continue Reading
Russia’s Ruble Extends Biggest Monthly Gain as Crude Advances
Russia’s ruble rose with oil, extending the biggest monthly gain in global markets and boosting speculation the Bank of Russia will resume cutting interest rates. The currency added 0.5 percent Continue Reading
Russia may be running out of oil
Oil production in Russia will inevitably decline by 2035 according to an Energy Ministry report seen by the Vedomosti business daily. The different scenarios predict an output drop from 1.2 Continue Reading
Russia’s Oil Dilemma, Explained
While the world focuses on Russia’s oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation’s Continue Reading
Pipe dreams: Gazprom courts southern Europe to exclude Ukraine
Russia’s Gazprom is counting on its deep natural gas ties with Italy to revive plans aimed at bypassing Ukraine as a transit state for politically sensitive gas shipments to Europe. Continue Reading
Gazprom gets loan from Bank of China
In a first, Russian energy company Gazprom said it secured a five-year loan from the London branch of the Bank of China for more than $2 billion. “For Gazprom this Continue Reading
Gazprom Secures $2.17 Billion Loan From Bank of China
Russian state gas giant PAO Gazprom has secured a €2 billion ($2.17 billion) loan from Bank of China Ltd., the largest single-bank credit in the Russian company’s history and a Continue Reading
Russian Gazprom Neft’s 2015 crude oil output up on Arctic, Orenburg, Iraq
Plans to more than double exports by 2025 to 31 mil mt/year Russia’s Gazprom Neft said Wednesday that it increased its crude output last year due to higher production from Continue Reading