Fuel and energy

ADB is partnering with governments, communities, and the private sector to help improve the availability and quality of clean and affordable sustainable power in the Pacific region, says a new ADB report.

Gazprom Neft and Siemens AG have signed a Strategic Partnership Agreement at this year’s St Petersburg International Economic Forum, with the document being signed by Gazprom Neft CEO and Chairman of the Management Board Alexander Dyukov and Siemens AG President Joe Kaeser.

Russian private sector oil company Lukoil is in talks with Saudi Aramco over possible purchase of Saudi crude for Lukoil's refineries in Europe, company president Vagit Alekperov said on the sidelines of St. Petersburg Economic Forum.

The document was signed by Senior Vice President and Head of Sberbank’s Wealth Management Block Alexander Bondarenko and Mosoblgaz CEO Dmitry Golubkov.

The purpose of the agreement is to create an environment for further collaboration in the development of computer technologies for hydrocarbon production and the management of upstream assets.

State-owned Saudi Aramco has quietly embarked on an upstream expansion project that could provide up to 1.5mn b/d of new capacity from five offshore fields. But the company has declined to release information on the projects, and start-up dates are unknown

On June 1, 2017, ASE Group of Companies and Nuclear Power Corporation of India Ltd. signed General framework agreement for construction of the third stage of Kudankulam nuclear power plant in Tamil Nadu state (India) and intergovernmental credit protocol necessary for implementation of the project

The Government of the Yaroslavl Region and the TATNEFT Company signed a Cooperation Intent Agreement.

Gazpromneft Bitumen Materials, operator of Gazprom Neft’s bitumens business, has become the first company in Russia to begin commercial production of a protective and remedial covering to preserve the integrity and extend the useful life of road coverings and airfield runways.