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2014-05-19 18:15:00

RUSSIA OFFERS DISCOUNT

RUSSIA OFFERS  DISCOUNT

Russia is ready to give a discount for natural gas to Ukraine should Kiev pay off its debt to the tune of $2.237 billion, accumulated over the period until April 1, Russian Energy Minister Alexander Novak told journalists on May 16, ITAR-TASS has reported.

The debt of Ukrainian state energy company Naftogaz for the first quarter of 2014 totaled $1.6 billion. Besides, Ukraine remains in debt for 2013, owing some $637 million.

Ukrainian state energy company Naftogaz's debt to Moscow currently totals some $3.508 billion with the gas price standing at $485.5 per 1,000 cubic meter.

Moscow recently substantially raised the price for gas supplied to Ukraine from the figure of $268.5 per 1,000 cubic meters agreed last year when an association agreement with the European Union was shelved in November 2013.

oilandgaseurasia.com

Tags: RUSSIA, GAS, UKRAINE

Chronicle:

RUSSIA OFFERS  DISCOUNT
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

RUSSIA OFFERS  DISCOUNT
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

RUSSIA OFFERS  DISCOUNT
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

RUSSIA OFFERS  DISCOUNT
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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