Russia’s OJSC Rosneft has entered a deal with BP PLC to dissolve their Ruhr Oel GMBH (ROG) joint venture as part of a plan by the companies to restructure their refining and petrochemical businesses in Germany.

Germany will strive to ensure that all this remains under the competence of the German authorities, so if we can do this then opportunities for external meddling will be limited.

Gabriel explained that he would ensure that construction of the pipeline would remain legal in the eyes of the German authorities. Gabriel also made it clear that Brussels should have limited involvement with the project.

DEA Deutsche Erdoel (DEA), a company based in Germany controlled by Russian billionaire Mikhail Fridman’s investment firm LetterOne, signed an agreement to buy 100% of E.ON’s shares in E.ON E&P Norge for $1.6 billion, explaining that the transaction will allow DEA doubling its current production in Norway.

German Ministry of Finance informed on 30 July that the Minister Wolfgang Schäuble would like to deprive the European Commission of part of its powers in two fields, namely antitrust proceedings and, currently particularly important for Germans, enforcing compliance with the budgetary discipline by the member states.

Russia boosted natural gas supplies to Germany by almost 50% in the second quarter as prices plunged, while the world’s largest natural gas exporter struggled with weaker demand from its former Soviet allies.

Iran’s Oil Minister Bijan Namdar Zanganeh will visit Germany on May 7th after a large German economic delegation of more than 100 businessmen arrived in Tehran in late April to spur bilateral ties.

PEGAS Platform Registers Strong Growth in Germany, Netherlands, Belgium

Gazprom managers may face corruption charges in Switzerland

Germany gives nod to RWE unit sale to Russian investor