The Organization of the Petroleum Exporting Countries and its allies are taking a multi-layered bet that global oil dynamics will work in their favour by extending their crude oil production cuts until the end of 2018.
Work will start on Thursday on constructing the first nuclear power plant in Bangladesh at Rooppur with Russian collaboration, according to an announcement from Russia’s atomic energy corporation Rosatom.
Oil output from Russia’s Sakhalin-1 project is set to rise by about a quarter to 250,000-260,000 barrels per day (bpd) from January, sources with knowledge of the plan said, signalling Moscow may find it hard to comply with an extended OPEC output cut.
China’s economy is slowing, and India is growing. But Russia will not be able to use these changes in order to increase exports.
China’s economy is slowing, and India — is growing. But Russia will not be able to use these changes in order to increase exports.
India and Russia have discussed ways to boost bilateral trade and investments to strengthen economic ties, the commerce ministry said today.
Russia, which is building the 6,000-mw Kudankulam nuclear plant, plans to raise localisation to more than 50 per cent for the upcoming units at the Tamil Nadu plant from the present 20 per cent levels.
A consortium of Indian companies led by ONGC Videsh (OVL) is likely to acquire a 49 per cent stake in Russia’s Vankor cluster oilfields owned by Rosneft by February 2018.
Russian energy major Rosneft has agreed to take control of the main oil pipeline in Iraq’s Kurdistan, further boosting its role as the main international investor in the semi-autonomous region.
ABU DHABI – Leading companies from the largest oil producing region outside OPEC, the Commonwealth of Independent States