Germany’s antimonopoly authority Bundeskartellamt has approved of establishment of a joint venture between Russian oil major Rosneft and British BP called Yermak Neftegaz. Rosneft and BP signed legally binding documents to establish Yermak Neftegaz for geological exploration of fields in West Siberia and the Yenisei-Khatanga Basin in June. Under the agreement, Rosneft will own a…
Head of Luhansk civil and military administration Yuriy Harbuz said Chinese investors were interested in launching photovoltaic (PV) panel production in the region. “Recently I had met with investors from China under the industry development program. We are looking for an option to organize PV panel production here”, he said. He said that the region…
As part of the Technical Upgrading and Revamping Program, Transneft – Kozmino Port got down to two 100,000 square meter tank construction at the tank farm. A floating roof will be used in high tech structures of the new tanks, just as in other tanks with a similar volume, being operated in the tank farm…
Ukraine imported 3.002 billion cubic meters of natural gas worth $586 million in the first half of 2016, including 19.596 million cubic meters worth $4.133 million in June alone. The average cost of imported gas in June was $210.9 per 1,000 cubic meters, up by $26.7 MoM. The bulk of the imports in June –…
Minsk is close to reaching mutual understanding with Moscow regarding the price of Russian natural gas for Belarus and on exports of Russian oil to the country, Belarusian Prime Minister Andrei Kobyakov reported. “We slightly contracted in July, (our gross domestic product fell) by 0.2%. But this happened specifically due to a 700,000 ton decrease…
Consortium of South Korean companies completed construction of the second combined-cycle gas turbine with capacity of 450 MW at the Talimarjan thermal power plant in Kashkadarya region. The second block started to generate electricity. The third block will start its operation by the end of 2016. With full realization of the project production capacity of…
The construction of the Trans Adriatic Pipeline (TAP), which is designed to transport Azerbaijani gas to European markets, is progressing fully in line with its schedule, TAP AG said. TAP AG tweeted on August 24, that it started welding pipes in Greece and Albania. All welds undergo ultrasonic testing, TAP said. TAP project envisages transportation…