Gazprom Neft set a Russian record in the summer by completing 30 hydraulic fractures along the length of one well at cluster 933. Russia’s enormous Bazhenov formation in Siberia is estimated by the US Department of Energy to be the single largest deposit of shale oil in the world. Source: FT
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Russian President Vladimir Putin approved plans to launch the country’s own cryptocurrency, Russian Minister of Communications Nikolay Nikiforov said Sunday. Source: Daily Sabah
The consortium controlled by commodities giant Glencore and Qatar’s sovereign fund announced a 7.8 billion-euro deal Monday to sell a 14-percent stake in Russian oil giant Rosneft to Chinese conglomerate CEFC. Source: Daily Sabah
Turkish Cypriot Economy and Energy Minister Sunat Atun announced the route of the new interconnected power line between Turkey and Turkish Cyprus on Oct. 16. Source: Hurriyet Daily News