CEFC's Rosneft deal driven by national strategy: chairman
CEFC China Energy’s $9.1 billion purchase of a stake in Russia’s Rosneft Oil ROSM.NN was mainly driven by China’s Belt and Road Initiative and has strong support from the government, Ye Jianming, the company’s founder said.
Exclusive: Russia's Lukoil considers selling Swiss trader Litasco
LONDON/MOSCOW (Reuters) - Russian oil major Lukoil is considering selling its Swiss unit Litasco because new U.S. sanctions on Russia will make it harder for the Geneva-based energy trader to raise new funds, industry sources said.
Gazprom says sanctions won't stop Nord Stream 2 pipeline project
The $11 billion Nord Stream 2 project to add a second Russian trans-Baltic gas export pipeline will be implemented regardless of how new U.S. sanctions are interpreted, an official at Gazprom (GAZP.MM) told a conference call on Wednesday.
Rosneft, partners to announce acquisition of India's Essar Oil completed
NEW DELHI/MUMBAI (Reuters) - A consortium led by Russian oil major Rosneft(ROSN.MM) will announce on Monday completion of a $12.9 billion deal to acquire Indian private refiner Essar Oil, strengthening ties between the world's largest oil producer and the fastest growing fuel consumer.
Russian court rejects Siemens' plea to seize its turbines in Crimea
MOSCOW (Reuters) - A Moscow court has rejected a request by Siemens to seize its gas turbines, which have turned up in Crimea contrary to EU sanctions, and to ban their installation ahead of preliminary hearings next month, the court's ruling showed on Sunday.
Exclusive: China's CEFC in early talks to buy Rosneft stake - sources
CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft (ROSN.MM), three people with direct knowledge of the discussions said.
Japan, Russia need to enhance trust before gas pipeline plans: minister
Japan and Russia need to work on building a more trusting relationship before any plans to build a natural gas pipeline between the two nations can be fulfilled, Japan's Minister for Economy, Trade and Industry Hiroshige Seko said on Monday.
Russian gas pipelines to go ahead despite U.S. sanctions
MOSCOW/BRUSSELS (Reuters) - New U.S. sanctions will make it harder for Russia to build two gas export pipelines to Europe but the projects are unlikely to be stopped.
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