Zarubezhneft held a meeting of the company’s Board of Directors that considered and approved of a range of the company’s key documents. That was the first Board of Directors’ meeting attended by its new members, namely, the Chairman of the Board of Directors Eugeniy Murov, as well as Board of Directors’ members: Alexey Arkhipov, Alexandr…
The National Nuclear Generating Company Energoatom seeks to raise $250 million from Bank of America Merrill Lynch (BofA-ML) for building a centralized spent nuclear fuel storage facility before October 2017, Energoatom President Yuriy Nedashkovsky reported. “The work has been started. At the end of the summer I signed the contract with Bank of America Merrill…
The Belarusian national electrical company Belenergo and Siemens Company signed an agreement on strategic partnership and cooperation during the Belarusian Energy and Ecology Forum in Minsk on October 11. The document was signed by OOO Siemens Technologies Director General Maxim Zubov and Belenergo First Deputy Director General, Chief Engineer Alexander Sivak. Belenergo and Siemens intend…
Russian Energy Minister Alexander Novak has met with European Commission Vice President for Energy Union Maros Sefcovic and discussed natural gas pipeline projects OPAL, Nord Stream-2 and Turkish Stream, the Russian Energy Ministry said in a statement. Novak and Sefcovic also discussed Russia’s gas exports to Ukraine and the transit of gas through the country…
Germany’s credit institution KfW is providing a EUR 150 million loan for implementation of a project to reconstruct substations in eastern Ukraine. The individual loan agreement between Ukraine’s Cabinet of Ministers and KfW was signed at the ninth meeting of the Ukraine-Germany high-level group on economic cooperation. Eva Witt, KfW Director for Eastern Europe, Caucasus…
Belarus decreased electricity exports to Lithuania by 6.6% YoY in January-July to 83.7 million kWh, according to official statistical reports. Belarus’ proceeds from electricity exports to Lithuania reduced by 5.8% to $4.885 million. Lithuania was the key and basically the only destination of Belarus’ electricity exports in 2015. Belarus plans to export to Lithuania around…
Belarus produced 465,600 peat briquettes in January-August, up by 19.2% YoY, the Energy Ministry of Belarus reported. In August peat briquette output totaled 77,200 tons, up by 12.5% YoY. Peat output totaled 1.416 million tons in January-August, up by 26% YoY. In August peat output grew by 62.4% to 199,700 tons. Peat in Belarus is…