Board of Directors addresses relationships with Ukraine in gas sector

Russia playing games with gas supplies to spread concern

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Russian oligarch Yevtushenkov placed under house arrest

Battle for oil in ‘Africa’s last colony’

China rig finds gas after Vietnam sea standoff

Myanmar sees foreign investment topping $5 bln in 2014-15

Total resumes $2.5 billion Nigerian deepwater oil field sale

Russia is the second-largest producer of dry natural gas and third-largest liquid fuels producer in the world. Despite its significant reserves of coal, it produces only modest amount of coal. Russia's economy is highly dependent on its hydrocarbons, and oil and gas revenues account for more than 50% of the federal budget revenues.

Former BP chief warns on Russia sanctions