Russian oil boss put on US sanctions list

Russian oil chief Igor Sechin was slapped with sanctions by the United States yesterday in the latest move to pressurise Russia for its military action on its border with Ukraine. The country’s former Deputy Prime Minister and current Executive Chairman of state oil producer Rosneft, Mr Sechin is believed to be in President Vladimir Putin’s […]

Japan and Russia plan oil and gas exploration

Japan’s largest energy explorer has signed a deal with a Russian oil firm to explore oil and gas in the Sea of Okhotsk. The cooperation agreement between INPEX and Rosneft includes exploring and developing the blocks Magadan 2 and 3 in the Russian waters. The blocks are located around 50-150km south of Magadan city with […]