Russia has set a new record in oil production by increasing output by 4% MoM to 11.11 million barrels per day (bpd) in September, Reuters reported on October 2, citing the latest data of the Energy Ministry. Bloomberg also reported citing the data that Russia’s daily production of natural gas increased by 5.15% YoY and…
Russia and Belarus will discuss their natural gas dispute, but not a discount some time, Deputy Prime Minister Arkady Dvorkovich said. Belarusian President Alexander Lukashenko said earlier in September that Moscow and Minsk had almost agreed on the price of Russian gas supplies, but Yury Yaroshevich, minister-councilor of the Belarusian embassy in Russia, said shortly…
Wind Power LLC, a part of an operational company DTEK Renewables, that manages assets in the renewable energy sphere, entered into an agreement with the lender to change the terms of the financing secured by the guarantee of the parent company DTEK Renewables B.V. In 2012-2014, Wind Power raised two loans from LandesBank Berlin AG…
Russian multi-industry holding Renova Group has not received any offers to sell its unit, power producer T Plus, Viktor Vekselberg, the group’s main owner and chairman of the board of directors, said. Ensuring power supplies in 16 Russian regions, T Plus is currently involved in a bribery case. According to the Investigative Committee, in 2007-2014,…
DTEK Energo, managing assets in coal production, heat generation and distribution of DTEK energy holding, saw a 61.5% fall in net loss in January-June YoY, to 8.135 billion UAH. The company said in a press release that the main contributor to net loss reduction was continued Hryvnia devaluation, which resulted in exchange rate difference losses…
The Belarusian national electrical company Belenergo and Siemens Company have signed a cooperation agreement, the Belenergo press service reported. The document was signed by Belenergo Director General Yevgeny Voronov and Siemens AG Vice President Willi Meixner. The sides intend to work together on the concept and preliminary technical solutions for using Siemens-made gas turbine power…
Russian gas giant Gazprom has received permits for survey works on two deep-sea threads of the Turkish Stream natural gas pipeline in Turkey’s territorial waters through diplomatic channels, the company said in a statement. “Constructive, swift cooperation with the Turkish partners should be noted here. The work on the Turkish Stream is going on at…