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
After getting Qatar and Australia to lower gas price, India is seeking to renegotiate rate of LNG(liquefied natural gas) it has contracted from the US and Russia to reflect current market realities, GAIL Chairman and MD B C Tripathi said on Wednesday.
India is collaborating with Russia on its first ever abroad atomic venture. The mission is to build the Rooppur nuclear power plant in Bangladesh.
Oil rose on Wednesday, set for its largest third-quarter gain in 13 years, after the Iraqi oil minister said OPEC and its partners were considering extending or deepening supply cuts to erode an existing global surplus.
Already in its third year, this large-scale event was thought of by President Putin in order to add some much-needed substance to Russia’s Eastern vector of relations, which had up until that point sorely been lacking an economic dimension
Companies based in Russia, China and UAE have shown interest in setting up business units in diverse areas, such as defence and metro rail, in Punjab.
Engineers will be trained in machine building and allied activities at a centre being set up in Jharkhand’s capital Ranchi by an arm of the Russian state atomic energy corporation, Rosatom, jointly with state-run Heavy Engineering Corp.
Russia has offered India the latest “Generation 3-plus” nuclear reactor —the VVER-1200 — powered by advanced fuel, to be set up at a yet-to-be designated site in parallel to the ongoing 6,000 MW Kudankulam project in Tamil Nadu.
Investments in electricity surpassed those in oil and gas for the first time ever in 2016 on a spending splurge on renewable energy and power grids as the fall in crude prices led to deep cuts, the International Energy Agency (IEA) said on Tuesday.