• 5 minutes Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 9 minutes Sell out now or hold on?
  • 16 minutes Oil prices going down
  • 22 mins Oil prices going down
  • 1 hour Oil and Trade War
  • 4 hours Sell out now or hold on?
  • 14 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 1 hour When will oil demand start declining due to EVs?
  • 5 hours Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 14 hours Two Koreas Agree To March Together At Asian Games
  • 4 hours What If Canada Had Wind and Not Oilsands?
  • 9 mins Trump Hits China With Tariffs On $50 Billion Of Goods
  • 6 hours Correlation Between Oil Sweet Spots and Real Estate Hot Spots
  • 1 hour venezuala oil crisis
  • 4 hours Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 47 mins Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 14 hours Geopolitical and Political Risks make their strong comeback to global oil and gas markets
  • 24 hours No LNG Pipelines? Let the Trucks Roll In
  • 24 hours China & India in talks to form anti-OPEC

Breaking News:

Egypt Raises Fuel Prices By Up To 50%

The Next Stage In Perovskite Solar Development

The Next Stage In Perovskite Solar Development

Perovskite photovoltaic cells have long…

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

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