An out-of-court settlement of a gas price revision dispute between Poland’s oil and gas company PGNIG and Russian gas giant Gazprom is improbable, CEO Piotr Wozniak said. “Like us, Gazprom is waiting for an arbitration ruling, which will be made in July or August next year in accordance with the procedures, this is why the…Details
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The Russian government has not made a short list of contenders in privatization of oil major Rosneft so far, Deputy Prime Minister Arkady Dvorkovich reported. “You know, there has been an order to consider all privatization issues additionally, there have been no shortlists so far”, Dvorkovich said. First Deputy Prime Minister Igor Shuvalov said earlier…Details
A new member has joined the liquefied natural gas (LNG) cluster – the Emerson (USA) company became the first international partner of the cluster, Klaipedos Nafta says in a press release. By attracting the international partner, Klaipedos Nafta AB aims to develop cluster competencies and promote the emergence of the small-scale LNG terminals’ management systems…Details
Kaliningrad region is looking into a possibility of compensating shipping costs when it comes to cargoes delivered by sea to the region from the mainland Russia and back, Vladimir Zhovtun, head of the Transport Development Department at the regional Ministry of Infrastructure Development, said. According to him, this mechanism is already applied to railway transportations…Details
Swedish furniture maker Ikea plans to invest 100 billion rubles in Russia over the next five to seven years, CEO of the Russian division Milen Genchev said. “This amount includes extension of the malls, construction of new stores, and also extension of a distribution center in Yesipovo”, Genchev noted. The official said that Ikea did…Details
Egypt is interested in setting up manufacturing enterprises together with Belarus. The relevant possibilities were discussed during the latest meeting of Ambassador Extraordinary and Plenipotentiary of Belarus to Egypt Sergei Rachkov and Egyptian Assistant Foreign Minister for European Affairs Ihab Nasr, the press service of the Belarusian Ministry of Foreign Affairs reported. During the meeting…Details
China’s investments into the construction of multi-storied apartment buildings in Belarus in 2016-2017 will total 700 million yuan (RMB), Belarus’ Vice Minister of Architecture and Construction Alexander Kruchanov said in a statement. According to him, Belarus is currently short of finance for housing construction and China’s gratuitous aid will somehow improve the situation. Chinese investors…Details