‘ Vladimir Putin Intervenes Between Gazprom and Rosneft Over Access to Trans-Sakhalin Pipeline’

#AceFinanceNews – MOSCOW – July 16 – Russian President Vladimir Putin has interfered in a conflict between gas giant Gazprom and oil major Rosneft on access to the trans-Sakhalin pipeline, ordering to work out the possibility of handing the pipe to the state, which could mean permission for Rosneft to use it, business daily Kommersant reported on Wednesday citing sources.

 

Last week Putin ordered the government to work out the transition of the infrastructure of projects developed under the production sharing agreement to the Federal State Property Management Agency. These projects are Sakhalin-1, Sakhalin-2 and the development of the Kharyaginskoye field, the sources said.

 

In this case Rosneft will get access to the pipeline to pump gas from its future liquefied natural gas plant, which Gazprom refused to give, saying that there is no free capacity. Rosneft wants 8 billion cubic meters of capacity out of the pipeline’s 18.6 billion cubic meter capacity.

 

#AFN2014 

 

Advertisements

#gazprom, #kommersant, #lng-train, #rosneft, #sakhalin, #sakhalin-ii, #sakhalin-khabarovsk-vladivostok-pipeline, #vladimir-putin

` One Tenth of Cuba’s Debt to Russia will be Invested in Cuban Economy RFM Sergei Lavrov ‘

#AceFinanceNews- HAVANA – April 29 – One-tenth of Cuba’s debt to Russia will be reinvested in Cuban economy, Russian Foreign Minister Sergei Lavrov said Tuesday upon the completion of talks with his Cuban counterpart, Bruno Rodriguez.

“The part of the debt that is not written off – and that’s 10% of the total – will be reinvested in Cuban economy on agreement between the two sides,” he said. “We’re interested in the making these investments productive to the maximum.”

Various companies are showing interest towards operations in Cuba and the energy sector leaders like Zarubezhneft, Rosneft and Inter RAO are among them, Lavrov said.

He recalled an important arrangement that has already been fulfilled in the form of an agreement on writing off Cuba’s debt to our country.

“This agreement is in the final phase of ratification at present,” Lavrov said.

Russian Oil and Media News

#acedebtnews

#AFN2014

#cuba, #cuban, #havana, #rosneft, #russia

Russians Energy Minster says ` Domestic Gas Prices in `Europe ' Could Rise by 50 Percent if it Cut's Supplies from Russia '

#AceFinanceNews – EUROPE – April 04 – (RT) – “Moving away from pipeline transportation of natural gas, construction of terminals and deliveries of liquefied natural gas will lead to an increase in gas prices in Europe from the current $380 per 1,000 cubic metres to at least $550,” Novak said in an interview to the Russia 24 TV Channel.

“And the question arises: are the economies of European countries ready to supply and consume gas at such a price?” the Minister asked.

The US has insisted that Europe needs to urgently cut its dependence on Russian gas, with the US Secretary of State John Kerry saying Moscow should no’t use energy exports as a political weapon.

“It really boils down to this: no nation should use energy to stymie a people’s aspirations,” Kerry said in Brussels on Thursday, the same day Russia’s Gazprom increased the price to Ukraine another $100 per 1,000 cubic metres.

On Wednesday the US and EU reaffirmed their plan to move away from Russian gas, stressing that developments in Ukraine “have brought energy security concerns to the fore” .

Meanwhile, Russian energy companies have started to feel the pulse in markets outside Europe, mostly focusing on Asia.

Gazprom talked to Kuwait and Egypt about increasing LNG supplies and hopes to sign a long-term supply deal with China next month.

Also, the president of Russia’s oil major Rosneft has toured Japan, South Korea, Vietnam and India.

RT – INS – IT

#AFN2014

#ans2014, #asia, #china, #egypt, #eu, #europe, #european, #gazprom, #india, #japan, #john-kerry, #kuwait, #moscow, #rosneft, #russia-24-tv-channel, #russias, #russian, #south-korea, #ukraine, #vietnam

` Top Russian Officials push to Remove the `Petrodollar ' in Favour of other `BRICS' or Alternative Currencies '

#AceFinanceNews – Worldwide News – April 04 – (INS) – The existence of “petrodollars” is one of the pillars of America’s economic might because it creates a significant external demand for American currency, allowing the US to accumulate enormous debts without defaulting.

If a Japanese buyer want to buy a barrel of Saudi oil, he has to pay in dollars even if no American oil company ever touches the said barrel. Dollar has held a dominant position in global trading for such a long time that even Gazprom’s natural gas contracts for Europe are priced and paid for in US dollars.

Until recently, a significant part of EU-China trade had been priced in dollars.

Lately, China has led the BRICS efforts to dislodge the dollar from its position as the main global currency, but the “sanctions war” between Washington and Moscow gave an impetus to the long-awaited scheme to launch the petroruble and switch all Russian energy exports away from the US currency .

The main supporters of this plan are Sergey Glaziev, the economic aide of the Russian President and Igor Sechin, the CEO of Rosneft, the biggest Russian oil company and a close ally of Vladimir Putin. Both have been very vocal in their quest to replace the dollar with the Russian ruble.


Now, several top Russian officials are pushing the plan forward.

First, it was the Minister of Economy, Alexei Ulyukaev who told Russia 24 news channel that the Russian energy companies must should ditch the dollar. “ They must be braver in signing contracts in rubles and the currencies of partner-countries, ” he said.

Reuters reports, that Russia is close to entering a goods-for-oil swap transaction with Iran that will give Rosneft around 500,000 barrels of Iranian oil per day to sell in the global market. The White House and the russophobes in the Senate are livid and are trying to block the transaction because it opens up some very serious and nasty scenarios for the petrodollar. If Sechin decides to sell this Iranian oil for rubles, through a Russian exchange, such move will boost the chances of the “petroruble” and will hurt the petrodollar.

VOR – Russian and Serbian News – INS

#AFN2014

#ans2014, #american, #brics, #china, #eu-china, #gazprom, #petrodollars, #petroruble, #rosneft, #russian, #saudi, #us

` Rosneft wants to purchase a Majority Stake in State-Controlled company that owns all of Kyrgyzstan’s Airport’s’

#AceFinanceNews – KYRGYZSTAN – April 02 – Russia’s state-run oil giant Rosneft wants to purchase a majority stake in the state-controlled company that owns all of Kyrgyzstan’s civilian airports.

The negotiations are stoking concern in some circles in Bishkek about the potential risk to Kyrgyzstan’s sovereignty.

But with its entrenched corruption, poor governance and remote location, the Central Asian country has few other options.

Rosneft’s takeover target is a company called Manas International Airport, named for the largest of the airfields under its control.

In addition to Manas, which is situated outside Bishkek, the company operates 10 smaller (mostly non-functional) airports around the country.

The Manas facility has hosted an American military base for almost 13 years, but the troops are packing up and are due to leave by July.

Without the American spending, Kyrgyz officials argue, the company, which is 79 percent state-owned, will go into the red.

“Originally published by EurasiaNet.org”. http://www.eurasianet.org.

#AFN2014

#american, #bishkek, #kyrgyzstan, #manas-international-airport, #rosneft, #russias

` Rosneft considering ` Several Options ‘ for ` Participation in Oil Projects ‘ in Iraq ‘

#AceFinanceNews – BASRA – March 29 – The Russian oil company Rosneft is considering several options for participating in oil projects in Iraq, Deputy Prime Minister Arkady Dvorkovich said.

“Rosneft is considering participating in several projects in Iraq. Our companies always respect the laws of the countries where they work. Rosneft will do the same,” he said.

Rosneft is eyeing the possibility of joining the Nasiriyah project, which calls for extracting oil and building an oil refinery in Iraq.

The Russian company may also partner with American Exxon for a joint project in Iraq’s Kurdistan.
Dvorkovich also said several Russian energy companies, including Inter RAO and Technopromimport, might build thermal power plants in Iraq.

Russian Oil and Media Sources

#AFN2014

#american-exxon, #basra, #iraq, #kurdistan, #nasiriyah, #rao, #rosneft, #russian, #technopromimport

` Rosneft and Gazprom are Officially the only `Two ‘ to be `Awarded’ Arctic Shelf Permits though exact amount paid is Unknown ‘

#AceFinanceNews says that Gazprom and Rosneft are officially the only companies with the right to explore the Russian Artic shelf, as they both received exclusive extraction licenses in return for large cash payments.

In 2009, Rosneft agreed to pay 1.4 billion roubles ($450 million) and Gazprom 1.2 billion in a resolution passed by the state Duma, but the exact amount paid in June 2013 for the licenses is unknown.

Russia has passed a law that only companies in which the state owns more than half and have at least 5 years of Arctic experience are eligible for permits

Lukoil, the country’s second largest oil company, is publicly owned, and Sugtneftegas, known to have close ties with the Kremlin, is also publicly owned, and therefore not up for a permit.

Tatneft is the country’s sixth largest and operates out of the Republic of Tatarstan, which is also the company’s primary shareholder.

#AFN2014

#artic-shelf, #gazprom, #kremlin, #lukoil, #republic-of-tatarstan, #rosneft, #state-duma, #sugtneftgas, #tafneft