• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 15 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 11 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 3 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 5 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 5 hours Venezuela set to raise gasoline prices to international levels.
  • 1 day Corporations Are Buying More Renewables Than Ever
  • 15 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 1 hour Saudi Fund Wants to Take Tesla Private?
  • 11 hours Starvation, horror in Venezuela
  • 3 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 2 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 16 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 17 hours France Will Close All Coal Fired Power Stations By 2021
Can China Afford To Slap Tariffs On U.S. Oil?

Can China Afford To Slap Tariffs On U.S. Oil?

China’s latest round of tariffs…

LNG: China’s Biggest Weapon In The Trade War

LNG: China’s Biggest Weapon In The Trade War

The trade war between the…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Former Ukrainian Prime Minister Faces Russian Arrest Warrant

Arseniy Yatsenyuk

As the Russia versus Ukraine gas war continues, former Ukrainian Prime Minister Arseniy Yatsenyuk now faces a Russian arrest warrant in addition to the international arrest warrant that has been active against him since February 21st, according to reports on filings from a town in southern Russia.

The Yessentuki court said it issued the warrant due to Yatsenyuk’s alleged participation in an armed group fighting against Russian troops in Chechnya in the 1990s. The Ukrainian government alerted the formal official of the warrant, according to a Facebook post from Yatsenyuk’s official account.

Yatsenyuk resigned from his position in Ukrainian politics in April, citing frustrations from the Western-leaning government’s inability to enact “real changes” in the domestic scene. He had held the office since pro-Russian President Viktor Yanukovych lost his position to protests in February 2014.

Ukrainian prime ministers enjoy the perk of becoming head of the national natural gas company, Naftogaz, when they are sworn in. Since Kiev switched allegiances to Europe, that company has been in Russian President Vladimir Putin’s crosshairs.

Just a week ago, the Russian gas company Gazprom claimed around $50 billion from Ukraine’s Naftogaz during a round of international arbitration over gas pricing contracts, and the claim could potentially swell to $80 billion, according to Naftogaz chief commercial officer Yuriy Vitrenko.

Related: Shell’s New Permian Play Profitable At $20 A Barrel

Roman Storozhev, who leads the Association of Subsoil Users of Ukraine, or UkrNadra, says new investments from the private sector would go a long way towards reducing corruption in the state-run gas company.

"Naftogaz has a monopoly position on the Ukrainian gas market because of the impact on its subsidiaries Ukrtransgaz, Ukrtransnafta, and Ukrgazvydobuvannia,” he says. “Naftogaz does everything. And it doesn’t do it well."

In September, Kiev attempted to restructure the giant firm, but none of the outlined steps have been completed so far.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News