SCO & BRICS latest news and insights
— In-depth analysis and comments

Oil Majors want to return to Russia

The Russian Direct Investment Fund has facilitated the return of American oil companies to the Russian market, following their previous exodus from the country. The decision has been met with a mixed response, with some companies leaving Russia with hostility, while others have been reluctant to exi...

Russia BRICS China Oil Exxon Chevron Rosneft US BP
Germany Looks To Nationalise Rosneft's German Refinery Assets

By Rhod Mackenzie

The German authorities are discussing the nationalisation of Rosneft's oil refining assets. Rosneft's largest asset in the country, the Schwedt refinery, which relied on Russian supplies via the Druzhba oil pipeline, has experienced loading difficulties after Germany rejected oil...

Russia Sanctions EU Germany Oil Refining Rosneft
The loss of the European gas market causes shake up in Russia

By Rhod Mackenzie

Russia is increasing the number of companies permitted to export its natural gas. Gazprom was the sole exporter for many years until Novatek was added due to its LNG from Yamal a decade ago. With the new law, another exporter of Russian gas is added and plus Novatek's capabilitie...

EU Russia LNG Gazprom Novatek Rosneft