According to the statement made by the CEO of OOO TNK-Uvat (the subdivision of TNK-BP) Yury Masalkin, the company is planning to invest no less than one hundred million American dollars annually up to 2015 into the geological prospecting and exploitation of the territory surrounding the village of Uvat. The exploration works have been singled […]

The Latvian energy industry will try to use home-produced peat instead of imported oil. According to the plan up to 30% of the total energy demand which is now met by means of oil refining will soon be redirected to using peat. Such is the plan announced by the Economy Ministry which is responsible for […]

The performance specification of the solar panels installation in the railway station of the city of Anapa has been completed. The department of engineering policy informs that the competitive tendering on this project execution is most likely to take place early in 2012. After it has been finished it will be possible to speak more […]

On August 25 on the Novovoronezhskaya nuclear power plant the General Directorate of the Emergency Ministry of the Russian Federation is to carry out a command post rehearsal with the representatives of governing organs by efforts of territory and functional elements of the RSChS (Russian System of Prevention and Response to Emergency Situations) of the […]

At the end of last week Baku saw the signing of the contract for oil storage in the terminals in Korea between the Azerbaijan state oil company SOCAR Trading and KNOC (Korean National Oil Corporation), the statement of the state oil company of Azerbaijan says. According to the terms of the agreement SOCAR Trading obtains […]

OAO Machine-building plant ZiO-Podolsk (a member of the group of companies Atomenergomash) upgrades its heat-treatment machinery with the help of the engineers from the National University of Science and Technology «MISIS» (MISIS). The furnace modernization will take place in five stages, after its completion 2 reheat furnaces and 1 heat-treatment furnace are to be fully […]

The International Conference of CIS countries dedicated to the energy security of the European region will be attended by the expert of Azerbaijan’s Centre for Strategic Studies under the President (CSS) Ms. Gulmira Rzayeva. The conference which is to take place on August 25 in the Finnish town of Turku is organized by the Turku […]

The branch of OAO RusHydro – Volzhskaya hydro power plant was named one of the best enterprises in the Volgograd region based on the results of the business activity for the 1st half-year period of 2011. The rating which has been compiled by the Economy Committee of the Volgograd Regional Administration for 10 years already […]

The government of the Russian Federation announced that the compromise with Belarus on the issue of reducing gas prices starting from the beginning of the next year is reached, emphasizing the connection of this decision with the merger within the framework of the Customs Union and the acquisition of the second half of Beltransgaz assets […]

The experts of the World Bank completed the first cycle of the appraisals on the final stage of the complex construction of the Rogun hydro power plant in Tadjikistan. According to the World Bank’s Country Director for Central Asia Motoo Konishi the appraisal of the expert team is negative and the government of Tajikistan received […]