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ENERGY

Rosneft to pay Indian Essar’s $2.4bn debt to Iran

Essar’s debt to the National Iranian Oil Company is mostly related to the time when Iran was under sanctions before 2016.

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RUSSIA

Russia economy minister fired over bribery

If found guilty, Russian Economic Development Minister Alexei Ulyukayev could be imprisoned for up to 15 years.

Alexei Ulyukayev

RUSSIA

Russia detains minister in 'sting operation'

Authorities say Economy Minister Alexei Ulyukayev was detained on Tuesday and that President Vladimir Putin was informed of the investigation.

Russia

BUSINESS

‘Russia oil output hit post-Soviet record’

Russia pumped a record 534 million tonnes of crude oil last year in 2015 despite oil price slump blamed on a global supply glut.

BUSINESS

India returns to Russia for oil deals

India returns to Russia after a six-year hiatus for new oil deals, potentially worth $2-3 billion:

ENERGY

Firms prop up budding Iran-Russia alliance

Russia’s Rosneft is in talks with Iran to develop of the country’s oilfields and snap up other projects.

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RUSSIA

‘Bans on Russia jeopardizing world oil'

The boss of Rosneft says the bans the West has imposed on Russia and Iran imperil the world's energy security.

Igor Sechin