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Green Investments of Rosneft’s Refining Complex to Reach about 136 Billion Roubles by 2024

Green Investments of Rosneft’s Refining Complex to Reach about 136 Billion Roubles by 2024

Rosneft Oil Company plans to spend about 136 billion roubles on environmental measures at its refineries by 2024. Preservation of the environment for future generations is an integral part of the corporate culture and business operations of Rosneft. The Company aims to achieve leadership positions in ensuring the eco-friendliness of its production and minimising the […]

Rosseti FGC UES to raise Afipskaya 220kV substation capacity by 50% to connect new consumers in Adygea

Rosseti FGC UES to raise Afipskaya 220kV substation capacity by 50% to connect new consumers in Adygea

Rosseti FGC UES (FGC UES, PJSC) has started to expand the Afipskaya 220 kV substation in the Krasnodar Territory on the border to the Republic of Adygea. When the project is complete, in 2021, its capacity will rise from 250 MVA to 375 MVA. This will increase the output of electricity to consumers in the […]

Nornickel pays full damages in connection with fuel spill at Norilsk’s Combined Heat

Nornickel pays full damages in connection with fuel spill at Norilsk’s Combined Heat

JSC NTEK (Norilsk-Taimyr Energy Company, a Nornickel subsidiary) has made 146.2 billion roubles’ worth of necessary payments for damage caused to the environment as a result of a 29 May 2020 diesel spill at Norilsk’s Combined Heat and Power plant, situated in the Kayerkan neighborhood of the city. Nornickel has provided the funds for its […]

Hevel Group supplies solar modules to Russia’s largest PV plant in Russia’s Kalmykia region

Hevel Group supplies solar modules to Russia’s largest PV plant in Russia’s Kalmykia region

The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and Fortum, a leading Nordic energy company are investing in a joint project to build a solar power plant with a capacity of 116 MW located in Kalmykia region, in the south of Russia. The power station will become the largest solar energy facility in […]

Oil’s Surge to $60 Hits a Mammoth Options Position

Oil’s Surge to $60 Hits a Mammoth Options Position

There are currently almost 150,000 contracts to buy Brent crude at $60, according to exchange data compiled by Bloomberg. The last time headline prices where at this level, about a year ago, the equivalent contracts stood at only 100,000. Traders of the derivatives say the current layer of so-called at-the-money call options is elevated, and […]

Rosseti FGC UES provides 8.7 MW more power to the Samara Region’s biggest gas processing plant

Rosseti FGC UES provides 8.7 MW more power to the Samara Region’s biggest gas processing plant

Rosseti FGC UES has added 8.7 MW of power, up to 14.9 MW, from the UNPG to the networks of Rosseti Volga for Neftegorsk Gas Processing Plant (Rosneft Oil Company). End-to-end revamping program with replacement of old equipment is currently in progress at the enterprise. Power to the consumer is supplied from two independent sources: […]

Russian President Vladimir Putin paid a visit to Russian Federal Nuclear Center — VNII of Experimental Physics

Russian President Vladimir Putin paid a visit to Russian Federal Nuclear Center — VNII of Experimental Physics

On November 26, Russian President Vladimir Putin made a working trip to the city of Sarov, Nizhny Novgorod Region, where he visited one of the leading enterprises of the State Atomic Energy Corporation Rosatom — the Russian Federal Nuclear Center — VNII of Experimental Physics (RFNC-VNIIEP). Vladimir Putin has come to Sarov for the fourth […]

Alexander Novak: The share of natural gas in the global energy mix will only increase

Alexander Novak: The share of natural gas in the global energy mix will only increase

Russia has no plans to rein in its production of fossil fuels in the coming decades despite the global efforts to shift towards low-carbon energy, according to its energy minister. Alexander Novak told the Guardian that Russia did “not see that we will achieve a peak in [gas] production anytime soon” because the world’s appetite […]

Alexander Novak: “In the long term, Russia’s share in the global LNG market may reach a quarter of the global figure”

Alexander Novak: “In the long term, Russia’s share in the global LNG market may reach a quarter of the global figure”

According to the Minister of Energy of the Russian Federation Alexander Novak, soon the share of Russia in the world market of liquefied natural gas may reach a quarter of the global figure. Addressing his greetings to the participants of the 9th Conference of LNG Producers and Consumers, the head of the Russian Ministry of […]

Alexander Novak: “The future production capabilities of Russian oil depend on the level of development of oilfield services”

Alexander Novak: “The future production capabilities of Russian oil depend on the level of development of oilfield services”

According to the head of the Russian Ministry of Energy Alexander Novak, the future oil production of Russia depends on the level of development of the oil service industry. In the author’s column for the Energy Policy magazine, Novak spoke about how the Covid-19 pandemic has affected the oilfield services industry, how it can be […]

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