Contents tagged with Naftogaz
Russia’s natural resource hegemony continues to decline
With the lifting of sanctions against Iran and Tehran’s consequent participation in the global oil market, the price for Russia’s main export commodity—energy sources—continues to decline with no end in sight. With the fourth largest reserves in the world, Iran put its oil on the global market on Monday, contributing to oil prices dropping below $28 per barrel.
What is more, the recent events in the Russian gas supply market exacerbate the situation, as traditional markets for Russian natural …
Naftogaz Hires Prominent US Attorneys
National joint-stock company Naftogaz of Ukraine has engaged the law firm of Covington and Burling LLP (New York, USA) to protect the company’s interest in litigation concerning lost shelf assets in the Crimea. According to an announcement in the Visnyk Derzhavnykh Zakupivel public procurements bulletin, the gas transportation company signed a one-year agreement with the law firm on January 1st, 2016.
The cost of the agreement is $1.25 million (value added tax not included). “The services that …