Via the Wall Street Journal a look at Russia’s plans to merge its oil giants into a mega producer which would be the world’s second-biggest crude producer, after Saudi Arabia’s Aramco, pumping almost three times the output of Exxon Mobil: Moscow is working on a plan to merge its biggest oil companies into a single […]
Read more »Via Reuters, a report that Chinese and Russian energy firms are discussing jointly developing oil and gas fields: China is in talks with Russia’s Rosneft (ROSN.MM), Gazprom (GAZP.MM) and Novatek (NVTK.MM) about the joint development of oil and gas fields and hydrocarbon trade, state-owned China National Petroleum Corporation (CNPC) said on Wednesday. Russia is counting […]
Read more »Via The Diplomat, a report of difficulties for the Caspian Pipeline Consortium: In a press release on August 22, the Caspian Pipeline Consortium confirmed reports that it had suspended oil loading at two of its three single mooring points at the Black Sea terminal Yuzhnaya Ozereye, near the port of Novorossiysk. Reuters had reported on the suspension […]
Read more »Courtesy of the Wall Street Journal, an article on how London-listed Russian energy companies not only finance the Russian government, they have also assisted Putin’s foreign policy: Russia’s financial system was under siege Monday, but the country is still pumping and exporting vast amounts of oil and natural gas to the rest of the world, delivering cash […]
Read more »Via The National Interest, an article on Rosneft: The Russian government no longer has a majority stake in Rosneft for the first time in the energy giant’s 27-year history. On March 28, Rosneft announced that it had sold all of its assets in Venezuela as part of a deal with the wholly government-owned company, Rosneftegaz. The sale […]
Read more »Courtesy of The New York Times, a report on Russia’s use of Rosneft, as a foreign policy instrument: Russia is increasingly wielding oil as a geopolitical tool, spreading its influence around the world and challenging the interests of the United States. But Moscow risks running into trouble, as it lends money and makes deals in turbulent […]
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