Oil

Minsk wants to get compensation for tax maneuver in Russia

Belarus and Russia are entering an active phase of negotiations to determine a mechanism of compensation in connection with tax maneuver in Russia.

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Anton Siluanov: Russian economy is less dependent on oil and sanctions

The Russian economy has become less dependent on oil prices and sanctions. This opinion was expressed by the First Deputy Prime Minister of Finance Anton Siluanov.

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Maxim Barsky to head coal assets of Dmitry Bosov

A former top manager of BP-TNK and a long-time friend of the Alltech Group’s head Dmitry Bosov, Maxim Barsky will manage the coal companies of Alltech, including Siberian Anthracite.

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Exxon Mobil to create base oil production at Fergana Refinery

Exxon Mobil will create a base for oil production at Uzbekneftegaz's Fergana Oil Refinery. Production is scheduled to start in 2021, media reported.

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Russian producers of LPG began to reduce prices for the first time since March

LPG producers in the Russian Federation have begun a massive decline in wholesale prices for the first time since March 2018.

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Novak considers repetition of 1973 oil crisis unlikely

The situation that is unfolding around Iran will not cause a new global oil crisis like the one that occurred in 1973. This was stated by Energy Minister Alexander Novak, the media reported.

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Austrian OMV to take part in development of Urengoy oil and gas condensate field

The Austrian company OMV will take part in the development of the Urengoy oil and gas condensate field.

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LUKOIL completely stops purchasing Iranian oil

LUKOIL has "reduced to zero" the purchase of Iranian oil, the head of the company Vagit Alekperov told reporters.

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Import substitution in Russian fuel and energy complex may reach 100%

This will reduce the need of companies in foreign currency.

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LUKOIL to negotiate with Saudi Aramco on gas, carries out joint oil trading

LUKOIL will hold talks with Saudi Arabia on a gas project in the country in December, and it already carries out joint oil trading, the head of LUKOIL Vagit Alekperov told reporters.

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