The State Corporation Rosatom intends to spend about 18 billion rubles on the two-year program of improving safety at the operating nuclear power plants, the first Deputy Director General of Rosatom Alexander Lokshin said on Thursday. “The funds will be spent on purchasing additional equipment which can be used at the operating nuclear power plants […]

OAO Slavneft is planning to spend over .2 billion American dollars on the execution of technical re-equipment program of its major oil refining plant – OAO Slavneft-Yaroslavnefteorgsintez (YANOS) in the period of 2011-2014.This is declared in the press-release of Slavneft. In 2011 the volume of Slavneft capital investment into the modernization of YANOS comprised 3102 […]

October 28 saw the turbine generators #8 and # 7 of the fourth power generating unit at the Leningradskaya nuclear power plant connected to the grid at 11.51 and 20.05 respectively after replacing the transformer at one of the phases. On October 29 at 111.20 the unit load was restored to nominal. The power generating […]

The Secretary General of The International Energy Forum (IEF) Hoe van Hulst announced that Kazakhstan is to become the largest oil exporter in the world and to play its role in the oil deliveries to global markets in the coming decades. According to the head of IEF the oil production in the Republic of Kazakhstan […]

The Federal Agency on Subsoil Use (Rosnedra) offer for sale three more subsurface sites in Yugra with open deposits. The auction biddings on these sites are scheduled for December 20 2011, biddings are accepted up to November 28. The Vonterskiy site which includes the oil deposit of the same name, contains recoverable reserves and oil […]

The European Bank for Reconstruction and Development (EBRD) supports the program of modernization of OJCS EnergoMashSpetsStal (EMSS), which is being implemented by the Russian holding Atomenergomash (AEM). The agreement on the provision of loan for the amount of $79 million to EMSS by EBRD was signed in Kiev. This loan will enable EMSS to restructure […]

OAO Kurganskiy Chemical Machinery Building Plant (Kurganhimmash) signed the contract with the national holding company Uzbekneftegaz on delivering petrochemical equipment for the modernization of Mubarekskiy gas processing plant in the Kashkadaryinskaya region in the south of Uzbekistan. The cost of the equipment ordered from Kurganhimmash is 12.5 million American dollars. This was reported by the […]

The mass-media report that the chief of Erevan administration Karen Karapetyan resigns because he received an offer to become the deputy of Gazprom CEO Alexey Miller. The municipality of Yerevan does not comment on this information and suggests requesting commentaries on this issue on Monday. As the Armenian mass-media ensure, Karapetyan’s letter of resignation is […]

Activ Solar completed the construction of the fourth and the last phase of the solar plant Okhotnikovo with the capacity of 80 MW. The solar plant Okhotnikovo with the capacity of 80 MW occupies over 160 ha and consists of about 560 thousand solar panels. The project is divided into four phases of 20 MW […]

Kulczyk Oil Ventures Inc (Canada) is planning to start reservoir stimulation program using hydraulic fracturing technology (“frac’ing”) in Ukraine in late October. This is reported in the company statement. Initially the reservoir stimulation program through the hydraulic fracture of formation will be implemented in the O-6 and O-8 wellsites of the Olgovskoye gas field (the […]