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2014-06-10 20:30:00

ROSNEFT MULLS $400 B

ROSNEFT MULLS $400 B

The state-owned company will over the next 20 years spend big money on the Arctic shelf. A minor part of it might be invested in the Barents Sea.

"We plan to invest $400 billion on the Arctic shelf over the first 20 years", Rosneft President Igor Sechin said at this week's top-level meeting on energy sector developments.

However, it was the Russian East which was on top of the agenda in the meeting. Talking to an audience of top energy company representatives and officials, President Putin stressed that the energy resources of the Eastern Siberia and the Far East now are of key importance for the country in order to guarantee continued economic growth. This is especially so "considering the crisis trends on the world markets and the consequent volatility", Putin said, a transcript from the meeting reads.

In the meeting, President Putin also implicitely indicated that an end to Gazprom's pipe gas export monopoly could be immanent.

The importance of the Asian-Pacific region for Russia is increasing rapidly as relations with the EU are strained and several grand contracts are signed with China and other eastern countries. Both Rosneft and gas monopolist Gazprom have made the region their top priority area. 

oilandgaseurasia.com

 

 

Tags: ROSNEFT

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ROSNEFT MULLS $400 B
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DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

ROSNEFT MULLS $400 B
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

ROSNEFT MULLS $400 B
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

ROSNEFT MULLS $400 B
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U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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