Romania Assumes the Energy Charter Conference Presidency – Objectives and Responsibilities

Between the 28th-29th of November 2017, the Romanian delegation led by the Secretary of State in the Ministry of Energy, Robert Tudorache, attended the 28th Energy Charter Conference, organized by the Turkmen Ministry of Foreign Affairs and the Energy Charter Secretariat in Ashgabat, Turkmenistan. The main talking points of the 52 national delegations and 10Continue reading “Romania Assumes the Energy Charter Conference Presidency – Objectives and Responsibilities”

Norway’s Saga Energy to invest USD 3 billion for building solar power plants in Iran

On October 17, 2017, the Norwegian company Saga Energy signed a USD 3 billion investment agreement with the Iranian company Amin Energy Developers, at the residence of Norway’s Ambassador in Iran. The agreement provides for the construction of solar power plants in Iran, with a total power generation capacity of up to 2 GW. TheContinue reading “Norway’s Saga Energy to invest USD 3 billion for building solar power plants in Iran”

Russia: Challenges and Energy Risks

The most important products exported by the Russian Federation are oil and petroleum products according to the World Trade Organization (WTO) statistical data. Russia also exports petroleum and petroleum products, natural gas, coal, different types of metals, wood, fertilizer, machinery and equipment. The major oil and gas companies are Tyumen Oil Company (TNK), Lukoil, Gazprom,Continue reading “Russia: Challenges and Energy Risks”

Oil price and management of the ruble’s influence from Moscow perspective

The Russian Federation wants its national currency to no longer act like a petrocurrency (national currency of a producing oil country which fluctuates directly proportional to the price of oil). On 5 June 2017, Deputy Finance Minister Vladimir Kolychev declared that, as a result of the operations implemented by the Finance Ministry, the dependency ofContinue reading “Oil price and management of the ruble’s influence from Moscow perspective”

Prețul petrolului și gestionarea influenței asupra rublei din perspectiva Moscovei

Federația Rusă urmărește ca moneda națională să nu mai aibă comportamentul de petrocurrency, monedă a unei țări producătoare de petrol care fluctuează direct proporțional cu prețul acestuia. În data de 5 iunie 2017, ministrul adjunct al finanțelor, Vladimir Kolychev, a declarat că, în urma operațiunilor implementate de Ministerul de Finanțe, s-a înregistrat o descreștere graduală a dependenței monedei naționale față deContinue reading “Prețul petrolului și gestionarea influenței asupra rublei din perspectiva Moscovei”

Ashgabat hosts the XXII International Exhibition and Conference «Oil and Gas of Turkmenistan-2017» in November

The Turkmen Ministry of Oil and Gas Industry and Mineral Resources will organize, along with the Chamber of Commerce and Industry of Turkmenistan and Turkmennebit State Concern (a state oil company), the XXII International Exhibition and Conference «Oil and Gas of Turkmenistan-2017». The event will be held on 2-4 November 2017 in Ashgabat, the capitalContinue reading “Ashgabat hosts the XXII International Exhibition and Conference «Oil and Gas of Turkmenistan-2017» in November”

Kyrgyzstan’s hydro potential- an advantage not yet fully capitalized

Being a country rich in hydropower resources, Kyrgyzstan is in the process of expanding its electricity production capacity. Thus, new investors were recently brought for the development of the Upper Naryn hydroelectric complex. Meanwhile, leaders of the countries involved in the CASA-1000 cross-border distribution project (Central Asia-South Asia power project) met recently, July 6, inContinue reading “Kyrgyzstan’s hydro potential- an advantage not yet fully capitalized”

The Russian Federation will supply the People’s Republic of China with gas for 30 years starting from 2019

The project developed by Russia and China involves the construction of a pipeline in order to supply natural gas from the Siberian fields to China over a period of 30 years. According to Alexey Miller, Chairman of the Management Committee at Gazprom, the details of the agreed price of the business are considered a commercial secret. However, according toContinue reading “The Russian Federation will supply the People’s Republic of China with gas for 30 years starting from 2019”

Federaţia Rusă va aproviziona Republica Populară Chineză cu gaz pentru 30 de ani începând din 2019

Proiectul dintre Rusia și China presupune construcţia unei conducte pentru furnizarea gazelor naturale din câmpurile din Siberia în China pentru o perioadă de 30 de ani. Potrivit lui Alexey Miller, președintele Comitetului de conducere al Gazprom, detaliile privind prețul convenit al afacerii sunt considerate secret comercial. Însă, conform analiștilor, prețul gazului rusesc astfel livrat este în jur deContinue reading “Federaţia Rusă va aproviziona Republica Populară Chineză cu gaz pentru 30 de ani începând din 2019”

The first Low Enriched Uranium Bank set to open on August 29, 2017

The preparations for the inauguration of the first Low Enriched Uranium Bank are nearing completion. The opening ceremony of the Low Enriched Uranium Bank, hosted by the Ulba Metallurgy Plant in Ust-Kamenogorsk in eastern Kazakhstan, will take place on August 29, 2017. August 29 also marks the International Day against Nuclear Tests. Talks on opening thisContinue reading “The first Low Enriched Uranium Bank set to open on August 29, 2017”