Maire Tecnimont has bagged an engineering, procurement, and construction (EPC) contract worth around €1.1 billion from Rosneft for a hydrocracking complex at the Ryazan oil refinery in Russia. The Italian engineering company said that the contract for the vacuum gas oil (VGO) hydrocracking complex was signed by its subsidiaries Tecnimont and MT Russia. Vacuum gas […]
NOVATEK said that its fully-owned subsidiary — NOVATEK Gas & Power Asia has inked a long-term LNG sale and purchase agreement (SPA) with ENN LNG (Singapore), a subsidiary of ENN Natural Gas, for the LNG drawn from the Arctic LNG 2 project in Russia. ENN Natural Gas is a Chinese natural gas distribution company. As […]
South Korea-based DL E&C Co. has bagged a contract worth around €1.17 billion to take part in the Russian Baltic Complex Project located at Ust-Luga in northwestern Russia. The project will involve the construction of a mega-scale gas chemical plant, which is aimed at having an annual production of three million tons of polyethylene, 120,000 […]
Ramkrishna Forgings said that it has opened offices in Russia and Europe to further grow its global presence and seamless functioning of its exports business. The company is an India-based supplier of rolled, forged, and machined products. Lalit Khetan — Executive Director and CFO of Ramkrishna Forgings said: “We are working continuously to expand our […]
SberLogistics, a Russian logistics operator, will open a logistics hub in Voronezh Region, Russia for providing a full variety of warehouse services. The Class A warehouse, which spans nearly 55,000m2, is located in Solnechny, Ramonsky District, said the Sber ecosystem company. The logistics hub will accept goods from SberMegaMarket vendors, apart from providing services such […]
Gazprom Export, a subsidiary of Gazprom, has signed a couple of long-term contracts with Hungarian natural gas trader MVM CEEnergy in Budapest for enabling supplies of Russian gas to Hungary. The two 15-year contracts envisage total supplies of up to 4.5 billion cubic meters of gas per annum. They were inked by the parties in […]
M.Video-Eldorado Group, a Russian e-commerce company and consumer electronics retailer, will acquire lending platform Direct Credit Centre for RUB 1.3 billion ($17.93 million) from investment holding company SFI. The acquisition is aimed at developing M.Video-Eldorado’s fintech business, as part of its OneRetail mobile platform. Alexander Izosimov — CEO of M.Video-Eldorado said: “The launch of our […]
Russian energy giants Lukoil and Gazprom Neft will form a joint venture (JV) to develop a significant oil and gas cluster in the Nadym-Pur-Tazovsky region of the Yamal-Nenets autonomous district in Russia. The JV will be headquartered at Meretoyakhaneftegaz, a subsidiary of Gazprom Neft. The Tazovskoye oil and gas condensate field, which began production in […]
Russian energy company LUKOIL has launched the construction of a catalytic cracking complex at its Perm refinery in Russia. The catalytic cracking project is being executed by the company under an agreement with the Russian Energy Ministry after securing an investment incentive as part of the negative excise tax on refinery feedstock until 1 January […]
The Russian Direct Investment Fund (RDIF), the Russian sovereign wealth fund, has entered into a partnership with Indian pharma company Wockhardt Limited for producing and distributing the Sputnik V and Sputnik Light vaccines against Covid-19. The agreement was signed under the watch of Enso Healthcare, part of Enso Group, which is the coordination partner of […]