Black Sea News
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Updated 1 hour, 5 minutes ago
The Georgian government’s proposal of visa-free travel for Russians will boost energy investments and tourism, Economy Minister Vera Kobalia said.
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Updated 1 hour, 30 minutes ago
Snow and rain in Novorossiysk on Russia’s Black Sea prevented grain loadings to ships, prompting a temporary halt in railway shipments to the area until March 5, the port said.
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The Caspian Pipeline Consortium, which operates the only crude export pipeline in Russia with foreign shareholders, said oil shipments through its terminal at Novorossiysk fell 15 percent in February.
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Soybeans, poised for the biggest monthly advance since 2010 in Chicago, rose to a five-month high on signs of a second year of global shortage as South American crops wilt amid a drought.
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Russia will export 58 cargoes of 100,000 metric tons each of Urals crude from the Baltic Sea port of Primorsk in March, four more than this month, according to a final loading schedule obtained by Bloomberg News.
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GDF Suez SA will invest more than 100 million euros ($134 million) in Romania this year in wind and gas projects, exceeding its annual investment average, said Eric Stab, GDF Suez’s country manager in Romania.
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Srbijagas, Serbia’s national gas company, discussed with General Electric Co. the possible cooperation on pipelines and gas-fired plants in the Balkan country.
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The Slovenian stretch of the South Stream natural gas pipeline will cost about 1 billion euros ($1.34 billion), Delo newspaper reported, citing Marjan Eberlinc, the chief of Plinovodi d.o.o after his meeting with Alexey Miller, the CEO of OAO Gazprom in the capital Ljubljana.
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Russian and Ukrainian security services foiled a plot to assassinate Vladimir Putin, who faces a presidential election in less than a week, said his spokesman, Dmitry Peskov.
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The board of OAO Rosneft, Russia’s biggest oil producer, will consider a “major deal” tomorrow, said Alexander Burgansky, an oil analyst at Otkritie Financial Corp.
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