Russia's state-controlled gas monopoly has called off planned gas cuts to its former Soviet neighbor Belarus after Minsk paid a substantial part of a $456 million gas debt before a Friday morning deadline, the national gas monopoly said. However,...
Tag - oil politics
The much debated 'gas OPEC' is not expected to be formed during the Qatar-host Gas Exporting Countries Forum (GECF) starting from Monday. However, discussions of such a cartel seem to be on top agenda of the meeting. The Doha meeting, the sixth...
What could be better termed as a pacifying move and a tentatively balancing act, Iraq's cabinet has given approval to a new legislation to structure sharing of national oil revenues. The newly approved national oil law is formula of sharing...
State-owned gas monopoly Gazprom of Russia has reported that its export revenue surged 43 percent last year to a record mark $37.2 billion. Gazprom supplies almost a quarter of Europe's gas consumption. The export revenue of the firm shot up last...
The recent standoff over oil prices between Russia and Belarus has sent rippling effects to Europe, triggering debates on alternative energy and the reliance on fuel coming through regions trapped in precarious politics involving Russia and other...
The latest Russia-Belarus row over gas prices seems to be running in deep crisis as the Russian State pipeline operator Transneft cut oil supplies to Belarus. The recent Russian move has halted oil supplies to Poland, Germany and Ukraine who were...
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