Rosneft, Gazprom to Receive Four Arctic Fields
Ministry of the Environment sent to the government documents on the transfer of "Rosneft" and "Gazprom" licenses for the development of four more fields on the Arctic shelf, he said in an interview with RIA Novosti Minister of Natural Resources and Environment Minister Sergei Donskoi. Minister of Natural Resources and Environment Minister Sergei Donskoi also added that the decision to suspend the issuance of licenses for parts of the shelf is not accepted…
Taimyr Disapprove Oil Terminal "Tanalau"
"As a result of re-hearing Association based on its own observations and conclusions Greenpeace concluded that inappropriate construction of the oil terminal" Tanalau "on the Yenisei River. The main comments from the public have become concerns for environmental safety of construction and further operation of the terminal in the Far North, "- said in a statement the association.
Norway Supports Statoil, Rosneft JV
Norwegian authorities have given the Stavanger-based energy giant Statoil the go-ahead on joint projects with Rosneft, a Russian oil titan that was the target of Western sanctions in 2014. Statoil and Rosneft previously agreed on four projects to explore and produce oil on the Russian continental shelf in the Barents Sea and in the Sea of Okhotsk close to the Arctic Circle. Additionally, there are two joint cooperation projects onshore.
Gazprom Can Fulfill 2015 Budget with Oil at $40/barrel
Russia's state-owned gas producer Gazprom will be able to fulfill its 2015 budget even with oil at $40 per barrel, news agency RIA Novosti cited the chief financial officer as saying on Wednesday. "Even with the price of oil at $40 per barrel ... we are able to execute and implement the investment program that we have budgeted," RIA quoted Andrei Kruglov as saying. Gazprom's contracts are linked to the price of crude oil…
Yukos Shareholders Ready for $50 bln Compensation Talks
Shareholders of former Russian oil producer Yukos are ready to discuss with Russia a court's decision to award them $50 billion in compensation, Tim Osborne, director of holding company GML, was quoted as saying by RIA Novosti wire on Tuesday. "We are ready to hold talks with the Russian Federation and study rational proposals," he said. Russia, whose economy is on the brink of recession…
Arctic Council Received First Tranche from Russia
Russian Ministry of Finance transferred the first tranche of 5 million euros for implementation of environmental projects of the Arctic Council. This amount is the first payment of Russia’s financial contribution with the total amount of 10 million euros to the Project Support Fund of the Arctic Council, established by the Nordic Environment Finance Corporation (NEFCO). The funds are to be transferred in two tranches of 5 million euros each in 2014 and 2015…
