The conference aims to provide a detailed analysis of the oil and gas markets of Central and Eastern Europe – Belarus, Visegrad countries (Poland, Czech Republic, Slovakia, Hungary), Romania, Bulgaria, the Baltic states, Ukraine, the European part of Russia both in terms of regional retail, commercial and industrial consumption and in the context of international innovative pipeline and refining projects. The Republic of Belarus is the country with a modern, advanced, highly concentrated refining...
Monday's agreement, described by a U.N. spokesman as "a first step towards a more durable ceasefire," is the fruit of intensive diplomacy between Washington and Moscow, which back opposing sides in the 5-year-old civil war that has killed more than 250,000 people. Presidents Barack Obama and Vladimir Putin discussed the accord by phone, and the Kremlin leader said it could "radically transform the crisis situation in Syria." The White House said it could help advance talks on...
As global warming shrinks the polar ice caps and leaves Arctic waters open for longer stretches, the world is intensifying its focus on opportunities in the Arctic. The open waters are attracting the development of raw materials, tourism, fishing etc, thus establishing new ship traffic and creating additional demands.
The Arctic is still in its initial stages with regards to fulfilling its huge potential, and a lot of investments are needed to ensure that this is accomplished. However, the fall in...
Russia's Lukoil announced late Tuesday that oil production from its Yuri Korchagin field in the Caspian Sea has passed the five million tons (38.6 million barrels) mark.
Production at Yuri Korchagin began in April 2010.
Its proven oil reserves are estimated at 113 million barrels and in 2014 the field produced 11.3 million barrels of oil.
Lukoil also announced Tuesday that it has been awarded the rights to develop the Vostochno-Taimyrsky block, located in the Taimyr Dolgano-Nenets district of...
The US space agency has forked out $490m for six seats for its astronauts to get to the ISS on board one of the Russian Federal Space Agency's (Roscosmos) Soyuz spacecraft. Nasa's space shuttles were stopped in 2011 as the organisation set about sending its astronauts to the ISS on board privately developed spacecrafts like SpaceX. However, a shortfall in funding from the US Congress has meant the space agency is down about a billion dollars on what it requested since 2011. As a result, the first...
