Contents tagged with Naftogaz
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Naftogaz's claim against Gazprom exceeds $8 billion
The total claim amount made against Gazprom by Naftogaz has reached 8.2 billion dollars. This claim is in regard to a contract between these two companies for the transit of Russian gas through Ukraine.
The head of Naftogaz, Andrew Kobolyev, reported this during a conference in Kiev.
“The total amount of claims made against Gazprom has reached an amount of 8.2 billion dollars,” Kobolyev said.
According to him, this amount had accumulated during the duration of the contract, which began in 20 …
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Naftogaz to Discuss Gas Transit Tariffs with Gazprom
The delegation Naftogaz of Ukraine will visit Moscow in the near future to discuss new tariffs for the transit of gas through Ukraine. These discussions will be held with the Chairman of Gazprom, Alexander Medvedev. This was reported to the Agency Gas Information (AGI) by an inside source.
The transit rate is currently determined by the long-term contract (from 2009 to 2019) between Naftogaz of Ukraine and Gazprom. This rate is dependent on the value of the fuel component and inflation in …
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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 …
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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 …