Islamic State attack on Iraq's Kirkuk rebuffedWorld October 21, 15:48
Romano Prodi says Nord Stream 2 gas pipeline is not in Italy’s interestBusiness & Economy October 21, 15:38
Russian women's futsal team 'didn't have to wear hijabs, but chose to' — coachSport October 21, 15:35
Moscow says Belgian defense minister tries to distract attention from Hassadjek attackRussian Politics & Diplomacy October 21, 15:04
Russian suspected of alleged cyberattacks on US to remain in custody — Czech ministryWorld October 21, 14:55
Justice Ministry rejects Ukraine’s extradition bid for filmmaker convicted in terror plotRussian Politics & Diplomacy October 21, 14:52
Kremlin says EU sanctions policy against Russia destructiveRussian Politics & Diplomacy October 21, 14:48
NATO to use AWACS aircraft for Syrian airspace surveillance soonWorld October 21, 14:40
Switzerland seeks to bolster ties with Russia — senior lawmakerRussian Politics & Diplomacy October 21, 14:26
“The company continues to assess the possible influence of the EU sanctions on equipment supplies to Russian oil sector,” the company’s representative told ITAR-TASS. “But many items on the list are, obviously, not critical, there are suppliers of this machinery in Russia and countries outside the Eurozone.”
The company had clear understanding of how to find suppliers of the necessary equipment, though purchase reorientation would take some time, the representative added.The EU sectoral sanctions that came into effect on August 1 have not stopped machinery and technology supplies to the Russian oil sector but introduce a regime of preliminary approval of such deals to be issued in the countries of exporters’ registration.
The list includes 30 items of machinery for offshore projects, deepwater drilling and exploration in the Arctic as well as shale oil projects in Russia.
The Russian continental shelf can now be developed only by companies with a state stake higher than 50% and no less than 5-year offshore experience. These are now monopoly gas exporter Gazprom and Rosneft. The latter also explores oil and gas on the Black Sea and produces gas off Sakhalin peninsula’s shore under production sharing agreement in the project Sakhalin-2. In 2014, Gazprom subsidiary Gazprom Neft started oil production in the Pechora Sea.