Russia has agreed to ship 23 million tonnes of crude oil to Belarus this year, more than in 2013, a spokeswoman for Russia's Energy Ministry said on Friday, in a sign of thawing relations between the two countries.
The increase in supplies to Belarus is likely to put upward pressure on prices of Russia's Urals crude blend.
Last year, Russia supplied 21 million tonnes of crude to Belarus and threatened to cut supplies after the two became embroiled in a dispute over potash.
The spokeswoman for Russia's Energy Ministry said Russia would supply 21 million tonnes of oil (420,000 barrels per day) to Belarus via a pipeline and 2 million tonnes via railroad this year.
Belarussian President Alexander Lukashenko has not openly supported Moscow's recent actions in Ukraine, but he has said that the annexed Crimea peninsula is "de-facto Russian territory".
Earlier on Thursday, Lukashenko signalled to Russian potash producer Uralkali that he was interested in ending a nine-month dispute that has hurt both sides.
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LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.