Valvoline, a brand of Ashland Consumer Markets, a commercial unit of Ashland Inc. (NYSE: ASH), and TNK-BP, Russia’s third-largest oil company, announced a five-year agreement pursuant to which TNK-BP will distribute Valvoline motor oil to the passenger car market in Russia. Financial terms of the transaction were not disclosed.
Gazprom headquarters hosted today a working meeting among Alexey Miller, Chairman of the Company's Management Committee, Umirzak Shukeyev, Head of the Samruk-Kazyna National Welfare Fund, Chairman of the KazMunaiGaz Management Board and Kairat Boranbayev, Chairman of the KazRosGaz Management Board.
TNK-BP, Russia’s third largest oil company, will accelerate development of five giant oil fields above the Arctic Circle in the Yamal-Nenets Autonomous Region in a deal said to be worth $12 billion.
RUSSIA’S energy giants have major plans to step up their oil and gas supplies into China, and they’re certainly not looking over their shoulder at Australia. By Paul Garvey in Hong Kong.
Russian oil and gas exporters will benefit from weak ruble as long as oil prices remain high, analysts polled by RBC said, commenting on the decline in stock prices and ruble's value against the U.S. dollar as global stock markets slumped on gloomy economic outlook.
Gazprom Neft, the oil arm of gas giant Gazprom, is ready to cooperate with oil major Rosneft in the country's northern seas and the Black Sea, Gazprom Neft geological and field development department head Viktor Savelyev said on Monday
The international arbitration court in Stockholm may force Russia to pay compensation to foreign companies which suffered losses over the Yukos affair, a business daily said on Monday
Mid-sized Russian oil producer Bashneft Thursday won the right to develop the Trebs and Titov oil fields in northwest Russia, following an earlier decision to exclude local and international energy giants from the tender
LUKoil, Russia's largest independent oil producer, and U.S. Nalco Holding Company will establish a joint venture to produce chemical reagents in Siberia, LUKoil said on Thursday
Russia and the European Union will sign a document on December 7 in Brussels on Russia's accession to the World Trade Organization (WTO), following bilateral negotiations on the issue, Deputy Prime Minister Alexander Zhukov said on Wednesday
The world's largest gas export monopoly, Russia's Gazprom, said on Monday it was ready to cut prices on its long-term contracts to Europe as the volume of paid for but undelivered gas mounted, Gazprom said on Monday
The Russian government has approved additional budget expenses for the Sakhalin-1 oil and gas project for 2010, the Energy Ministry said on Monday, without mentioning the size of the new budget
A halt of Russian gas deliveries to Europe due to the absence of a transit deal between Moscow and Kiev will not happen again, Ukraine's Foreign Minister Konstantyn Gryshchenko said on Monday
Russia's gas giant Gazprom plans to double the number of gas filling stations in the country next year by building 200 stations, the company said on Monday
Russia and the European Union will sign a document next week on Russia's accession to the World Trade Organization (WTO), following the results of bilateral negotiations on the issue, EU delegation to Russia head Fernando Valenzuela said on Monday