• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 1 day Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 1 hour Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 13 hours CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 19 hours NordStream2
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 8 hours Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 5 days Modest drop in oil price: SPRs vs US crude inventory build
  • 23 hours "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 5 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 5 days 2019 - Attack on Saudi Oil Facilities.
Will Rivian Become The Next Tesla?

Will Rivian Become The Next Tesla?

Rivian Automotive just went public,…

Which Is The Best Shale Giant To Buy This Christmas?

Which Is The Best Shale Giant To Buy This Christmas?

Shale companies have become renowned…

Russian Navy’s Nuclear Power Plant Repair Funding Stolen

During a recent meeting in Kazan in connection with the sinking of the Volga transport Bulgaria, which killed 129 people, Russian Prime Minister Vladimir Putin angrily stated, "How did the boat operate without a license? How were tickets for it on sale at the port in the first place?! How was it allowed to leave port?! Who authorized it?! Where was Rostransnadzor (Federal Service for Transport Oversight)?... This is simply a nightmare! What sort of utter shambles do we have here?!!"

The people died when the overcrowded double-decker craft sank in a wide bend of Europe's longest river on 10 July.

The Bulgaria tragedy has raised larger questions about not only the country’s commercial vessels but its military fleet as well, Svobodnaia Pressa reported.

Russia's General Prosecutor's Office determined that unlicensed work occurred aboard the flagship of the Northern Fleet, the heavy nuclear-powered missile cruiser Petr Velikii. After a long trek to Vladivostok and back, the ship underwent scheduled preventive maintenance in Murmansk by the ZAO Spetsialnaya Proizvodstvenno-Tekhnicheskaya Baza Zvezdochka joint-stock company.

According to the General Prosecutor's Office investigation, ZAO Spetsialnaya Proizvodstvenno-Tekhnicheskaya Baza Zvezdochka General Director Barashko signed a report stating that the repairs and upgrades had been completed and the funding had been received and spent as designated. General Prosecutor's Office investigators determined however that ZAO Spetsialnaya Proizvodstvenno-Tekhnicheskaya Baza Zvezdochka had in fact only spent just $3.6 million of the designated funds to repair the Petr Velikii, while the remaining $9.56 million designated for the repairs had in fact apparently been stolen.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News