Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
Bloomberg: Non-OPEC states agree to cut oil production by more than 600,000 barrelsBusiness & Economy December 10, 16:22
More than 20 states that produce more than half of world's oil take part in OPEC meetingBusiness & Economy December 10, 13:05
Russian energy minister Novak sees 'no risk' OPEC agreement failsBusiness & Economy December 10, 12:43
Defense ministry organizes mass escape for Aleppo civilians via humanitarian corridorsWorld December 10, 12:38
Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
Gerhard Roiss, OMV CEO, said on Tuesday the European Union should not have rolled back negotiations on the South Stream project, but add momentum to the process instead.
On Monday, Guenther Oettinger, the European Union Commissioner for Energy, told Itar-Tass that negotiations between the European Union and Russia on South Stream would be resumed at the earliest possible opportunity. He said that the European Commission planned to discuss with the Russian side its plans about the lawsuit with the World Trade Organization (WTO) over the EU third energy package. According to Oettinger, the European Commission could back Russia’s South Stream project when breaches in the European laws were cured.Russia’s Gazprom gas giant sees the South Stream project as a means to diversify natural gas supplies to Europe and to reduce dependence on transit countries. South Stream Transport B.V. is an international joint venture set up to do the planning and construction works and to operate the seabed pipeline to be laid across the Black Sea. Gazprom’s share in the company is 50%, Italy’s Eni holds a 20% stake, France’s EDF — 15% and Germany’s Wintershall Holding GmbH — also 15%
The seabed section of the South Stream pipeline will run across the Black Sea bottom from the Russkaya compressor station in Russia to the Bulgarian coast at Varna. The overall length of the Black Sea section is more than 900 kilometers. The maximum depth is more than two kilometers. The section’s designed capacity is 63 billion cubic meters. The pipeline was planned to be commissioned in late 2015.