MOSCOW (Reuters) - Russian oil companies are facing fines of hundreds of millions of dollars or more for polluting the atmosphere with excess amounts of flared gas, the newly appointed resources minister said on Saturday.
MOSCOW (Reuters) - Russian oil companies are facing fines of hundreds of millions of dollars or more for polluting the atmosphere with excess amounts of flared gas, the newly appointed resources minister said on Saturday. Russia, the world's top energy producer, set a target for oil companies not to flare off more than 5 percent of the associated petroleum gas (APG) they produce as a byproduct of crude extraction by 2012. Sticking to the previous government's policy, Sergei Donskoy told TV channel Russia 24 the threatened fines were in the "tens of billions of roubles" range. ...
Russian oil companies are facing fines of hundreds of millions of dollars or more for polluting the atmosphere with excess amounts of flared gas, the newly appointed resources minister said on Saturday. ...
All the dominoes are tumbling now. Moments after the Russian upper house of parliament approved the decision to use Russian troops in the Ukraine as expected, Ukraine's acting president called an emergency meeting of security chiefs according to his spokeswoman. Oleksander Turchinov summoned his Security Council after Russian President Vladimir Putin sought parliamentary approval to deploy Russian forces in the Ukrainian region of Crimea. At this point the biggest and perhaps final wildcard is whether NATO does or does not get involved.
By Steve GuttermanMOSCOW (Reuters) - Russia could build a second reactor at Iran's Bushehr nuclear power plant in exchange for Iranian oil, the Iranian ambassador to Moscow said in remarks published on Monday.
Spot what is missing in the just blasted headline from Bloomberg: IRAN, RUSSIA SAID TO SEAL $20B OIL-FOR-GOODS DEAL: REUTERS If you said the complete absence of US Dollars anywhere in the funds flow you are correct. Which is precisely what we have been warning would happen the more the West and/or JPMorgan pushed Russia into a USD-free corner.
MOSCOW (Reuters) - Russia plans to restart oil supplies to Ukraine's Odessa refinery after a three-year drought, traders said, in a sign Moscow is ready to support its neighbor after it spurned a trade deal with the European Union.
Rosneft is seeking to borrow up to US$30-billion from China in exchange for possibly doubling oil supplies, making Beijing the largest consumer of Russian oil and further diverting supplies away from Europe.
Four industry sources familiar with the situation told Reuters Rosneft was in talks with China’s state firm CNPC about the borrowing, which would echo a $25 billion deal the two companies clinched last decade.
Rosneft reported one of the largest rises in crude output among the Russian oil majors last year
More crude from state-owned top producer Rosneft kept Russian oil output the highest in the world last year, ahead of Saudi Arabia, Energy Ministry data showed on Wednesday.
Crude output edged up almost 1% to a new post-Soviet high of 10.37 million barrels per day (bpd), but the increase could halt this year due to depleted oil fields in West Siberia.