The Russian Direct Investment Fund (RDIF) has announced that the Sputnik V Covid-19 vaccine has been approved for use in India by the Drug Controller General of India (DCGI). India is now the 60th country to have approved the Sputnik V vaccine for giving protection against the novel coronavirus, said the Russian sovereign wealth fund. […]
HMS Group has bagged a RUB7.5 billion ($98 million) contract for delivering and installing oil and gas equipment for a large Russian gas field. The UK-based pump and compressor manufacturer said that it will be responsible for manufacture, delivery, and installation of membrane modules and elements, and also turbo-compressor units for an interstage compressor station […]
Russian natural gas producer NOVATEK said that its fully-owned subsidiary Arctic LNG 1 has secured the North-Gydanskiy license area in Russia for a one-time payment of RR 775.4 million. Arctic LNG 1 won the 30-year license through an auction, giving it rights for geological survey, exploration, and production in the subsoil license area. The license […]
Fortum is partnering with the Russian Direct Investment Fund (RDIF) to construct a 116MW solar power plant project in Kalmykia in Southern Russia. According to the Finnish energy company, the Russian solar power plant will be installed in two phases. The first phase with a capacity of 78MW is scheduled to be commissioned in Q4 […]
US-based PTC Therapeutics has secured marketing approval in Russia for Translarna (ataluren) for the treatment of nonsense mutation Duchenne muscular dystrophy (nmDMD). The approval for Translarna has been given by the Ministry of Health of the Russian Federation for Duchenne muscular dystrophy caused by a nonsense mutation in patients, aged two years and older. Stuart […]
McDermott International has been awarded the next phase of an ethane cracking project in Russia from China National Chemical Engineering & Construction Corporation Seven (CC7). Last year, McDermott won a contract for the extended basic engineering on the petrochemical project. The same has been now expanded to cover the provision of the engineering and procurement […]
Russian Direct Investment Fund (RDIF) and Dr. Reddy’s Laboratories have agreed to cooperate on clinical trials and distribution of the Sputnik V coronavirus vaccine in India. After receiving regulatory approval in India, the Russian sovereign wealth fund will supply 100 million doses of the vaccine to Dr. Reddy’s. The Sputnik V coronavirus vaccine, which is […]
Russian pharma company R-Pharm has reportedly signed an agreement with AstraZeneca for manufacturing the ChAdOx1 nCoV-19 vaccine being developed by the latter in collaboration with UK-based Oxford University. The entire world is pinning hopes on the ChAdOx1 nCoV-19 vaccine candidate, which reportedly seems to be the most probable to become the first vaccine against the […]
Gazprom Neft and Zarubezhneft have agreed to set up a joint venture for exploration and production of hard-to-recover oil reserves in the Khanty-Mansi Autonomous Okrug—Yugra in West Siberia, Russia. In this connection, the two Russian state-owned energy companies have signed a binding agreement, which also calls for developing effective technologies to meet their objective. The […]
Johnson Matthey (JM) has won a methanol technology contract from Technoleasing for the new Amur Oblast facility to be built in Skovorodino, Russia. In this connection, the British specialty chemicals company will offer a license for its combined reforming methanol technology to the 3,000 metric tons per day (mtpd) methanol production plant. Johnson Matthey will […]