• 2 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 2 days New Video Game Targets Oil Infrastructure
  • 2 days Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 3 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 3 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 3 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 3 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 4 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 4 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 4 days Conflicting News Spurs Doubt On Aramco IPO
  • 4 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 5 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 6 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 6 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
5 Players To Watch In The FinTech Revolution

5 Players To Watch In The FinTech Revolution

Artificial Intelligence and Blockchain tech…

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