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Tag Archives: Vladimir Putin

BP names former UK MI6 spy chief as director

LONDON – BP has appointed Britain’s former MI6 spy chief and veteran diplomat John Sawers as a non-executive board member in a development highlighting long running links between the British establishment and the oil major. The appointment comes only weeks after the cabinet issued a warning saying it would oppose any potential takeover of BP as it wants the company ...

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Russia’s Rosneft discloses Sechin’s basic salary for first time

MOSCOW – The head of Russia’s Rosneft earns at least 15-20 million roubles ($295,000-$390,000) a month, the oil company said on Tuesday, disclosing Igor Sechin’s basic salary after President Vladimir Putin encouraged greater wage transparency. In a document on its website, Rosneft said its top executives receive additional payments besides the basic salary, including for working on the management board ...

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Russian, Iranian companies discuss barter deal terms- minister

MOSCOW – Russian and Iranian companies are discussing terms for a barter deal which will not include oil deliveries, Russian Energy Minister Alexander Novak said on Wednesday, trying to end confusion over the status of a long-heralded agreement. Russian officials said on Monday Russia was sending grain, equipment and construction materials to Iran in an oil-for-goods exchange, the first step ...

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Russia opens way to missile deliveries to Iran, starts oil-for-goods swap

MOSCOW – Russia paved the way on Monday for missile system deliveries to Iran and started an oil-for-goods swap, signaling that Moscow may have a head-start in the race to benefit from an eventual lifting of sanctions on Tehran. The moves come after world powers, including Russia, reached an interim deal with Iran this month on curbing its nuclear program. ...

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Rosneft’s Sakhalin LNG plant delayed for at least 2 years

MOSCOW – Russian energy producer Rosneft may have to delay development of its liquefied natural gas (LNG) plant on the Pacific island of Sakhalin for at least two years, sources said, after prices fell and financing all but dried up due to Western sanctions. The delay is the latest blow to Rosneft, which has also been forced to suspend drilling ...

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Ex-Soviet states battle challenge of low oil prices

ASTANA – The three main members of the Russian-led Eurasian Economic Union face a big economic challenge from the fall in global oil prices, Kazakh President Nursultan Nazarbayev said on Friday. But, speaking before talks in the Kazakh capital Astana with Russian President Vladimir Putin and Belarussian President Alexander Lukashenko, Nazarbayev said the situation had become more stable. Belarus and ...

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Russia could postpone gas pipe to China touted by Putin

MOSCOW – Russia may postpone completion of a huge pipeline to bring gas from two new fields to China, three sources with direct knowledge of the plans of export firm Gazprom said, delaying one of President Vladimir Putin’s signature projects. The sources, speaking on condition of anonymity, said the “Power of Siberia” project may be put off until Moscow completes ...

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Egypt president: Russia, Egypt to build nuclear power plant

CAIRO — Egypt’s president says Egypt and Russia have agreed to build a nuclear power plant together and that officials from both countries have signed a memorandum of understanding on the project. Tuesday’s announcement by Abdel-Fattah el-Sissi came during a joint press conference in Cairo with visiting Russian President Vladimir Putin. El-Sissi also says the two nations signed agreements to ...

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Russia’s Gazprom says FX revenues sales to help rouble stabilization efforts

MOSCOW, Dec 22 – Gazprom, Russia’s top gas producer, will stick to President Vladimir Putin’s urge to sell foreign currency revenues on the domestic market, the company’s deputy CEO Alexander Medvedev told reporters on Monday. “This doesn’t create any issues for us. We understand this will help to stabilize the (rouble) rate,” he said. Last week, Russian officials have called ...

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