Within the next few months Ukraine is to sign five international contracts on gas production on land, due to which the Ukrainian gas production will have increased by 25 billion cubic meters a year by 2015. This was stated by the Ukrainian Minister of Energy and Coal Mining Yury Boiko. “In the next two months […]

The level of preparation of the constituent territories of the Russian Federation to the autumn-winter to the heating season as of September 1 makes up 88% to 95%, and by November 15 the preparation may have been completed, the vice prime-minister of the Russian Federation Dmitry Kozak says. “The measures that have been taken enabled […]

Improving the situation in the domestic energy industry and its modernization within he next 10 years will cost the Russian budget 11.1 trillion rubles according to the data of Minenergo (the RF Ministry of Energy). The sources of financing the program are first of all provision of credit at ‘preferential interest rates (under 8%) in […]

Ukraine would welcome Russian participation in a new gas production campaign. This was declared by the head of the Ukrainian government Mykola Azarov on Monday September 5 on the press-club meeting in Kiev. The Russian premier says that a Russian participant may obtain a license on production of a total amount of one trillion cubic […]

Ukraine could become one of the major suppliers of the alternative sources of fuel for the EU countries. However this increase in the output of the green energy sources does not influence the consumption level within the country. This was declared by Ivan Nadein, the representative of the Energy Independence Committee of Ukraine. According to […]

In her interview to the Metal Supply and Sales journal which is to be published in September Natalya Porohova the head of the department of fuel and energy complex research of the Institute for the natural monopolies problems expresses an interesting idea that renewable energy in Russia will never develop in normal pace. Just because […]

The restructuring of the national joint-stock company Naftogaz of Ukraine planned by the Cabinet of Ministers will lead to reconsideration of the gas agreements with the Russian Gazprom. This was declared by Prime Minister Mykola Azarov in the press-conference in Kiev on Friday. Naftogaz of Ukraine will cease to exist as an economic agent, there […]

The Bank of Moscow which enters the top largest banks of the Russian Federation is to accommodate Nizhegorodskaya retail electricity company with loans of 1.540 billion rubles for a term of up to 18 month, the bans statement reports. The funds will be directed to financing the current activities of the company. Nizhegorodskaya retail electricity […]

MinPrirody (RF Ministry of Natural Resources) suggests amending the law On Subsoil Resources, which would specify the license conditions and stimulate mineral resources processing. The draft law published at the MinPrirody website suggests correcting the procedure of amending the license on subsoil resources usage. The draft law introduces an additional main criterion for defining the […]

In Kaliningrad on the bank of the river Pregolya the police discovered an oil refining plant which operates without any documentation and is registered in the names of homeless persons the press-secretary of the western local department of Ministry of Internal Affairs in Transport Alexandra Serbina told RIA Novosti on Wednesday. “The information about the […]