Alexey Belogoryev

Is Russia disappointed in oil?

Is Russia disappointed in oil?

Russian business is going the way of diversification, because it is tired of waiting for the return of easy profit from the oil industry, Russian Economy Minister Alexei Ulyukayev said after yesterday's meeting …

Russian and Greek ministers sign memorandum on Turkish Stream

Russian and Greek ministers sign memorandum on Turkish Stream

Russian and Greek Energy Ministers Alexander Novak and Panagiotis Lafazanis have signed a memorandum on extension of the Turkish Stream to Greece within the framework of SPIEF-2015. The joint company engaged in the construction will have 50/50 shares. Novak said that the construction will take place in 2016-2019, resulting in a pipeline with a capacity of 47 billion cubic meters. Russian President Vladimir Putin met with Greek Prime Minister Alexis Tsipras today and praised Greece for its activeness. The memorandum will have been updated by November.