Latest news with #SergeiTsivilev
Reuters
08-05-2025
- Business
- Reuters
Russia, China discuss Beijing's participation in Russian LNG projects, minister says
May 8 (Reuters) - Chinese companies' involvement in Russian liquefied natural gas projects is being discussed by Russian and Chinese delegations at talks in Moscow, the Interfax news agency cited Russian Energy Minister Sergei Tsivilev as saying on Thursday. When asked about the possibility of Russian companies entering LNG projects in Ust-Luga or other locations in Russia, Tsivilev said that the topic was "being discussed at the moment," but did not provide further details. The state-owned China National Petroleum Corp (CNPC) and Silk Road Fund hold stakes in Russia's Yamal LNG project, while CNPC and China National Offshore Oil Corporation (CNOOC) are involved in the Arctic LNG 2 project. Russia has repeatedly welcomed the prospect of Chinese companies participating in the construction of an LNG plant and a gas chemical complex in Ust-Luga. Russia and China will sign a large number of documents later on Thursday, including an updated investment agreement, Russian President Vladimir Putin told Chinese President Xi Jinping at a meeting in Moscow. Xi is in the Russian capital this week for commemorations to mark the 80th anniversary of the victory of the Soviet Union and its allies over Nazi Germany in World War Two.
Reuters
08-05-2025
- Business
- Reuters
Russian and Chinese firms in active talks on Power of Siberia 2 gas pipeline, TASS reports
MOSCOW, May 8 (Reuters) - Russia and China are at an "active stage" of talks on a proposed new gas pipeline, the Power of Siberia-2, carrying Russian gas via Mongolia to China, but are unlikely to sign a contract in the next couple of days, Energy Minister Sergei Tsivilev said, according to Russia state news agency TASS. Chinese President Xi Jinping is in Moscow this week for celebrations to mark the 80th anniversary of victory over Nazi Germany in World War Two. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. "The companies are working on the contract. They are in the active stage of negotiations, so I think it is unlikely - there are one or two days left - that they will manage to do this before May 9," he said, referring to Thursday's war anniversary. Russia has been seeking agreement with Beijing for years on building the Power of Siberia-2 to carry 50 billion cubic metres of natural gas a year from the Yamal region in northern Russia to China via Mongolia. So far, however, the parties have not been able to agree on the terms of gas deliveries. China's ambassador to Russia said last month that the route for the pipeline had yet to be defined.
Asharq Al-Awsat
27-02-2025
- Business
- Asharq Al-Awsat
Russia to Restart Oil Projects in Iraqi Kurdistan
Iraqi Kurdistan and the federal government have managed to settle their oil disputes, which would allow Russian companies to restart their projects in the region, TASS news agency reported Russia's Energy Minister Sergei Tsivilev as saying. One of the companies, which suspended works in the region, was Russia's largest oil producer Rosneft. It halted some operations due to security reasons as it conducted works near the border with Syria, Reuters reported. Resumption of Kurdish oil exports has been a key stumbling block in relations between the region and federal authorities. The Iraqi oil minister Hayan Abdel-Ghani said on Monday, that Iraq was waiting for Türkiye's approval to restart the oil flows from the Iraqi Kurdistan region, hoping to resume it in couple of two days. Russia's energy minister said that he received information about resolution to the differences between the region and the federal government, TASS reported. "This is very important for us, since our companies operate in the region and invested a lot in projects. But then, due to disagreements between the federal government and (Iaqi) Kurdistan, these projects were suspended," he said according to TASS. He also said that Russia's state-owned company, Zarubezhneft, sought to return to Iraq, Interfax news agency reported. It left the country in early 1990s following Saddam Hussein's invasion of Kuwait.
Shafaq News
27-02-2025
- Business
- Shafaq News
Russia to restart Kurdistan oil projects
Shafaq News/ Russian energy companies are set to restart oil projects soon in Iraqi Kurdistan after an agreement between the federal and Kurdistan Regional governments, Russia's Energy Ministry revealed on Thursday. The resolution of oil disputes will allow operations to resume, with Russian companies instructed to prepare a roadmap for the Al-Nasiriyah oil project in southern Iraq 'in the near future,' Russia's TASS news agency quoted Energy Minister Sergei Tsivilev as saying. 'We rate high this project. We have already reached an agreement at the intergovernmental level [on it],' Tsivilev noted following the meeting of the Russian-Iraqi intergovernmental commission on trade-economic and scientific-technical cooperation. 'Our company that plans to enter the project, regards it as one of the most important from the viewpoint of oil production.'
Iraqi News
27-02-2025
- Business
- Iraqi News
Gazprom Neft expresses interest in Iraq's Nasiriyah field
Baghdad ( -During the Russia-Iraq Intergovernmental Commission on Trade, Economic and Scientific-Technical Cooperation, Russian Energy Minister Sergei Tsivilev informed reporters that Gazprom Neft had expressed interest in the Nasiriyah field development project in southern Iraq. The enormous Nasiriyah oil field is believed to have 4.4 billion barrels of reserves. Gazprom Neft has been running Iraq's Badra project since 2010, and commercial oil deliveries from the field began in August of 2014. Badra, which has geological reserves estimated at 3 billion barrels of oil, is situated in the Wasit region in eastern Iraq. The Badra project is jointly owned, with the Oil Exploration Company representing the Iraqi government owning 25% of the corporation, Gazprom Neft owning 30%, Kogas (22.5%), Petronas (15%), and TPAO (7.5%).
