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Moscow may experience fuel deficit

Transneft may stop oil transport through the Moscow refinery, under the ownership of Gazprom Neft, due to problems on the Yaroslavl-Moscow pipeline, press secretary of the pipeline monopoly Igor Demin told Interfax. 8 km of pipeline are located at the Losiny Island, a natural park that requires special permission for operation.

Kiriyenko may replace Sechin

Igor Sechin will not be part of the new government. Sergey Kiriyenko, Director General of Rosatom, may be the new supervisor of the fuel and energy complex, Vedomosti reports.Medvedev and Sechin are in bad terms. The Kremlin will demonstrate a switch of ideology to liberalism. Putin has recently praised Kiriyenko, one of the leaders of Right Cause.Energy Minister Sergey Shmatko will probably replace Kiriyenko in Rosatom. Shmatko may also become President of Transneft. He used to supervise Atomstroyexport.

Bulgaria pays for Burgas-Alexandroupolis and abandons project

Bulgaria has paid off all obligations within the framework of the Burgas-Alexandroupolis Pipeline and has officially abandoned the project, RIA Novosti reports.Russia, Bulgaria and Greece signed a governmental deal on construction of the 300-kilometer project in 2007. They formed the Trans-Balkan Pipeline B.V. Company for realization of the project on February 6, 2008. Russia owns 51% of share in the company, Bulgaria and Greece own 49%. Tansneft, Rosneft and Gazprom Neft are Russian sides of the project.

China gets oil discount from Rosneft

 Rosneft has reconsidered reduction of oil prices for China, the company’s head Eduard Khudaynatov said. Prices dropped by $1.5 per barrel. The new price formula has been used since October 2011, the Center for Energy Expertise reports.The official clarified that price regulation allowed China to pay for oil. Some say that the new price would mean a loss of about $3 billion for Russia (at a supply rate of 15 million tons of oil annually).

Russia, Azerbaijan hold talks on oil exports increase

Russia and Azerbaijan are currently holding talks on increase of the amount of oil delivered  via Baku-Novorosiysk pipeline, APA cites RIA Novosti.According to Azerbaijani Industry and Energy Minister Natig Aliyev, Azerbaijan holds talks with the Russian Transneft company and the country's Energy Ministry.

Oil deliveries via Baku-Novorossiysk pipeline to be restored within hours

The break in oil deliveries at the Baku-Makhachkala-Novorossiysk pipeline due to detected illegal tapping will not affect shipments of oil from the port of Novorossiysk, Trend cites the words of the spokesman of Transneft company, Igor Dyomin"Transneft" suspended oil pumping earlier today. According to Dyomin, the oil deliveries will be reactivated within the next few hours.An oil spill occurred between the villages of Karl Marx and Vinogradnoye in the Kizlyar district of Dagestan.  

Russian "Transneft" to renegotiate agreement with Azerbaijan

The Russian company "Transneft" has initiated the renegotiation of anintergovernmental agreement with Azerbaijan, "Vedomosti" reports,citing a government source, APA reports.Baku is proposing to reduce the pumping via the Baku-Novorossiyskpipeline by 30-35% and amount to 3-3.5 million tones. According to anagreement reached in 1996, Azerbaijan was to transfer to the Russianpipe 5 million tons a year. However, it was reported that Azerbaijandoes not fulfill the obligation.

20-meter tunnel found under oil pipeline in Dagestan

A 20-meter tunnel dug under an oil pipeline and 900 meters of branchpipeline were found in the Karabudakhkent District of Dagestan on May30, RIA Novosti cites Jafar Nasirov, head of the Chernomortransneftoffice in Dagestan, as saying.Criminals had attached 900 meters of pipes to the oil pipeline.Chernomortransneft is a subsidiary of the Transneft company. Thecompany specializes in transporting oil using pipelines and oilterminals, as well as oil storage.

Samsun-Ceyhan project to be updated

Samsun-Ceyhan project to be updated

Partners of the Samsun-Ceyhan project have decided to upgrade it, and Russia expects Turkish proposals, Russian Energy Minister Sergey Shmatko said on Friday.

Russia to remain in Burgas-Alexandropulis project, but minimize spending

Russia is not dropping out of the Burgas-Alexandropulis project, but is minimizing expenditures, according to the official representative of Transneft Igor Demin, RIA Novosti reports.Earlier VK reported that Russian participants of the project Trans-Balkan Pipeline B. V. Transneft, Rosneft and Gasprom Neft declared the end of financing for the Burgas-Alexandrupolis project .Construction faces many difficulties because of Bulgarian party, which doesn't finance its part of the project.

Russian companies secede from Burgas-Alexandrupolis project

Russian companies secede from Burgas-Alexandrupolis project

Russian participants of the project Trans-Balkan Pipeline B. V. Transneft, Rosneft and Gasprom neft declared the end of financing for the Burgas-Alexandrupolis project . Earlier, the head of Transneft, Nikolai Tokarev, stated that the project wasn't frozen, however, the construction wasn't implemented, as Bulgaria didn't pay its share of money in the project.

Russian deputy minister for communication resigns

Russian Deputy Minister for Communication Dmitry Severov has resigned,RIA Novosti reports.Severov was appointed in August 2008. He was supervising the digitalTV and radio broadcasting project. Before his appointment at theministry, he was the vice-president of the 'Otkrytye Tekhnologii'(Open Technologies) IT-company. Severov also supervised the'Vympelcom' and 'Transneft' companies.Severov decided to resign in mid 2010.