The bill is a first step to create legislation that will allow to regulate CO2 emissions in Russia.

Officials said the new power contract would begin in July 2022, when its existing contract with Shell expires, and run for 10 years.

In March Westinghouse said it will source and develop a supply chain that could create more than 2,000 jobs in Poland if it is selected as a nuclear power partner for Poland with its AP1000 reactor technology.

The project is expected to cost NOK30-35bn (€2.9-3.4bn).

U.S. commercial crude oil inventories decreased by 1.7 million barrels from the previous week to 484.3 million barrels.

In the first quarter of 2021, profit attributable to PJSC LUKOIL shareholders amounted to RUB 157.4 bln as compared to RUB 29.4 bln in the previous quarter and a loss of RUB 46.0 bln in the first quarter of 2020.

Brent rose 13 cents, or 0.2%, to $68.78 a barrel. WTI was down 5 cents, or 0.1%, at $66.02 a barrel.

Александр Новак также подчеркнул, что реализации задач комплексного увеличения и диверсификации экономического сотрудничества между двумя странами призвана способствовать принятая программа российского-саудовского стратегического сотрудничества высокого уровня.

Global oil deficit is currently seen at around 1 million barrels per day, Russia's deputy prime minister Alexander Novak told reporters on Wednesday.

UK strategy would take a "twin-track approach", she said. "It would not be blue or green, but both. Blue gives us volume as well as investment."