CEO of the national oil and gas company Naftogaz Andrei Kobolev has pledged the country will have enough gas in the coming winter. “As of now, the country’s underground gas storage facilities hold about 10.3 billion cubic meters of gas. We plan to have about 14.5 billion cubic meter by the end of the season”,…
Turkey is ready to initiate construction of the first line of the Turkish Stream gas pipeline project, Turkish Economy Minister Nihat Zeybekci said. “We are open for construction of the first line of the Turkish Stream from standpoint of Turkey’s need for natural gas”, the Minister said. “Political decisions are in place to settle the…
Sumy, city in northeastern Ukraine, has received 850 energy efficient street lighting system lamps from UNDP for modernization of street lighting. Deputy Director of the UN Development Program Blerta Cela gave a certificate for handing over these devices to the Mayor Oleksandr Lysenko on July 27 at Sumy city council. “Sumy authorities are focusing now…
Russia and Bangladesh have signed an intergovernmental agreement on the allocation of a state loan to finance the main stage of the construction of the Ruppur nuclear power plant in Bangladesh, Atomstoyexport (ASE) said in a press release. “Financial and legal conditions have been created for the project of the construction of NPP Ruppur. For…
PJSC LUKOIL has commissioned Phase I of the auxiliary power supply plant in the Republic of Komi. The 100 MW power plant is designed to satisfy the growing need in power at the Denisovsky license area and will increase utilization of associated petroleum gas. The project, developed and implemented by PJSC LUKOIL’s wholly owned subsidiary…
Oil production of Bashneft in the first half of 2016 increased by 10.9% YoY, to 10.58 million tons, the company said in a statement. “During the six months of 2016, Bashneft produced 10.58 million tons of oil, which is 10.9% more than during the same period in 2015. Bashneft-Polyus boosted production by 76.3% YoY (to…
Governments of Uzbekistan and China began negotiations on a new gas deal. Negotiations are at an early stage, and it’s unclear whether it will be a long-term contract for several years or only for 2017. The question of the duration of the agreement is closely linked to the formula, based on which the price for…