Turkey greenlights 22 bln. USD Akkuyu nuclear plant and suports Turkish Stream
Turkey has removed all legal obstacles for construction of the Akkuyu nuclear power plant and supports the construction of the…
US oil reserves surpass those of Saudi Arabia and Russia
The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by…
EU will vet member states gas deals with non-EU countries
The European Council decided on Monday that gas-related intergovernmental agreements between member states and third countries would be vetted by…
OMV is betting on Romania for granting stability in an uncertainty dominated environment
“Some might say that I lack vision. I can admit that. But look how many fail around us, so we…
TAP construction starts this summer
The construction works of the Trans Adriatic Pipeline (TAP) will start mid this year in Greece, said the Greek segment…
Nord Stream 2, criticized at the European Commission by eight countries, including Romania
Nord Stream 2 gas pipeline project is criticized by eight European countries, signatories of a letter addressed to the President…
Record Russian and UK oil production in 2015, crude prices keep falling
Production of oil and gas condensate in Russia reached in 2015 roughly 534 million metric tons (nearly 10.72 million bpd),…
Russia has stopped construction of the first Turkish nuclear power plant
Russian state company Rosatom has stopped construction of the first nuclear power plant in Turkey, a project of 20 billion…
Russia’s oil production will increase this year by 0.8%
Russia’s oil production will exceed this year the 2014 level by 0.8%, according to the estimates by the State Duma,…
Germany helps Russia bypass Ukraine via Nord Stream 2
Gazprom and its European partners signed a shareholders’ agreement on the Nord Stream-2 gas pipeline project that will run beneath…
Oil drops again, on concerns of glut in refined products
Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports…
