Russia


Russian firm invests $600 million in Central Asia gold refinery

Russian firm invests $600 million in Central Asia gold refinery

(ATF) Russia has committed a $600 million investment in a gold refinery in Kyrgyzstan, lifting hopes in the poverty-stricken Central Asian republic and challenging China for influence.The plant at Jerooy – operated by Russia’s Alliance Group – had been expected to go on line last year, but was attacked during …

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Bad news for global oil producers, hydrogen wants your market share

Bad news for global oil producers, hydrogen wants your market share

(ATF) Over the last few years there has been a marked pivot in global energy markets. First, increased liquefied natural gas (LNG) usage, mainly for power generation and industrial usage, was supposed to replace coal and help reduce greenhouse gas (GHG) emissions, while helping countries meet their 2015 Paris Climate …

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China's massive gas rig ready to go to South China Sea

China's massive gas rig ready to go to South China Sea

(ATF) China is pulling no stops in its efforts to ramp up its domestic oil and gas production amid a marked increase in demand for both fuels as its economy continues to shrug off economic headwinds from the Covid-19 pandemic. Last week, China's first domestically-built, semi-submersible deep-water oil production unit …

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OPEC says oil producers must go with the flow in a 'risky' 2021

OPEC says oil producers must go with the flow in a 'risky' 2021

OPEC says there will be plenty of risks for oil producers to negotiate in the first half of 2021 as economies around the globe struggle to recover from the effects of the global pandemic.Its secretary general, Mohammad Barkindo, said on Sunday, a day before meeting OPEC allies led by Russia …

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US publishes list of Chinese firms to face limits for military links

US publishes list of Chinese firms to face limits for military links

(ATF) The US Commerce Department on Monday December 21 published a list of 58 Chinese and 45 Russian companies that are dubbed a ‘military end user’ (MEU) and will face export limits. “This action establishes a new process to designate military end users on the MEU list to assist exporters …

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China's gas pipeline dream doesn't come cheap

China's gas pipeline dream doesn't come cheap

(ATF) China started operations last week at the second section of a natural gas pipeline link to Russia, boosting its supplies through the massive Power of Siberia (POS) 1 pipeline, state-run operator China Oil & Gas Piping Network (PipeChina) said in a statement.The 1,110 km pipeline section aims to help …

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NASA to pay company $1 to collect moon rocks 

NASA to pay company $1 to collect moon rocks 

(ATF) The National Aeronautics and Space Administration (NASA) of the US has selected four private companies to mine the moon and turn over samples to the space agency for a small fee. In one case, a Colorado-based robotics firm called Lunar Outpost bid $1 for the work.NASA will use the …

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China just added another arrow in its LNG procurement arsenal 

China just added another arrow in its LNG procurement arsenal 

(ATF) State-run oil giant Saudi Aramco, the world's largest oil company, is still trying to make a pivot away from over reliance on oil revenue - this time seizing its decades' long relationship with China in the process.Saudi Aramco CEO Amin Nasser said that the company was keen on exporting …

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China plans global dominance of rare earths, versus rival USA

China plans global dominance of rare earths, versus rival USA

(ATF) In the strategic battle over rare earths and their applications, China will push for global dominance of the entire rare earth ecosystem globally, in direct competition with the US, EU, Japan and others. But another race is also underway, to research and patent new rare earth applications, and that …

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China cuts rare earths exports by 43% in Sept, builds stockpile

China cuts rare earth exports by 43% in Sept, builds stockpile

(ATF) China's rare earth exports fell sharply again in September – by nearly 44%, causing the United States to step up operations and enter a 'state of emergency'.China announced a huge drop-off in rare earth exports for September, while other figures show China is massively increasing production by huge numbers, …

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