Azerbaijan intends to increase energy efficiency by 20% till 2020, Director of the Institute for Scientific Research on Economic Reforms (ISRER) under the Ministry of Economy of the country Vilayat Veliyev said. He said that these objectives were described in “Azerbaijan 2020: Look into the Future” concept of development adopted by the country’s president. “In…
Austrian firm OMV CEO Rainer Seele is sure that an asset swap deal with Russian gas giant Gazprom will be signed by the end of the year. Gazprom signed an asset swap agreement with OMV in April. Media reported in September that OMV offered 25% in Norwegian shelf deposits to Gazprom under the deal, but…
Kazakhstan’s Energy Minister Kanat Bozumbayev said he had been negotiating with OPEC, but he believed the central Asian energy giant had already cut output enough this year. “Kazakhstan already slashed its oil output this year, and slashed it quite noticeably. We produced about 80 million tons of crude last year and will produce around 76.5…
The Belarusian industrial group Belorusneft will use a new technology of its own design to rack up oil extraction in Ukraine, the company’s press service reported. In line with the agreement with the Ukrainian company Universal Drilling Technique (aka UniDrillTech) Belarusian specialists intend to carry out five special operations using the technology that has been…
Belarus has resumed the deliveries of jet fuel produced by OJSC Naftan to Ukraine, Commercial Director of CJSC Belarusian Oil Company (BNK) Sergey Grib has said. “We have resumed deliveries to the Ukrainian market this month. We have talks with our Ukrainian colleagues, we have found understanding: in order to monitor and combat jet fuel…
Ukraine is implementing its liabilities to carry out transit of Russian gas to Europe in the full amount, and doubts expressed by the Russian president are the continuous long-lasting discriminative campaign, Ukrtransgaz said in a statement. “Ukraine was, is and will be a reliable gas transit country. The statement that the country allegedly unlawfully pumps…
National Nuclear Generating Company Energoatom is preparing to export electricity to Belarus, Energoatom President Yuriy Nedashkovsky said. “We are working on exports of electricity to Belarus. This is a framework agreement. It was approved by Belarus and Ukraine. I signed it. Of course, Ukrenergo, Energomarket and the whole range of participants are to sign it”,…