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Siemens to team up with Russian firm to make equipment for Arctic LNG 2 project in St. Petersburg

German engineering giant Siemens is planning to produce compressors for the Arctic LNG 2 project near St. Petersburg. It will be a joint venture with Russia’s state-run firm Power Machines. The compression machinery produced by…

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Venezuela’s oil giant PDVSA moves joint ventures’ accounts to Russia’s Gazprombank – report

Amid the tightening noose of US sanctions, Venezuela’s state oil company PDVSA is reportedly moving bank accounts of its joint ventures with foreign companies to Russia’s Gazprombank, Reuters reports, citing documents and sources. Customers of…

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