When Will Russia Run Out Of Oil?

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Russia’s exploration activities, which were hit not only by plummeting oil prices but also by a targeted sanctions regime, suffered a double blow during this period. In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea.

Volkswagen Group expands presence in Russia with agreements with GAZ

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The Volkswagen Group and GAZ Group have extended their manufacturing agreement for Volkswagen and ŠKODA models in Russia until 2025. The Volkswagen Truck & Bus Group with its brands MAN, Scania, and Volkswagen Caminhões e Ônibus as well as the GAZ Group, which is the largest manufacturer in Russia of light-, medium- and heavy-duty commercial vehicles, already have a long-standing partnership in the bus sector. Market Background Russia Vehicle Manufacturers

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Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

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Both, it would seem, have incentive to do so, as each has lost over $100 billion in crude revenues in 2015—and Russia bears the extra burden of U.S. Both Saudi Arabia and Russia paint positive portraits on current and future economic performance.

Opinion: Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

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Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. The result is a heavier discount for Russia’s crude oil, the so-called Urals blend.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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President Putin’s recent moves in the Middle East—to shore up Bashar al-Assad’s regime in Syria through deployment of combat aircraft, equipment, and manpower and build-out of air-, naval-, and ground-force bases, and the agreement in the last week with Iran, Iraq, and Syria on intelligence and security cooperation—could contribute to Russian efforts to combat the myriad negative pressures on Russia’s vital energy industry. Russia supplied about 30 percent (146.6

Russia Decrees: Every Gas Station Must Have Electric-Car Charging Too

Green Car Reports

Thanks to a single, sweeping decree, Russia could soon become a much more hospitable place for electric cars. Infrastructure Russia plug-in cars charging infrastructure Charging stationsThe country is currently home to just a small number of electric cars, and its charging infrstructure is relatively undeveloped. But the national government now requires that all gas stations in the country must be equipped for.

Automotive sales in Russia in 2015 down 35.7%

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Sales of new passenger cars and LCVs in Russia decreased by 457% in December 2015, with a 35.7% drop for the entire year, according to figures released by The Automobile Manufacturers Committee of the Association of European Businesses (AEB) in Russia. In December 2015, sales of new cars and light commercial vehicles in Russia decreased by 123,682 units to 146,963 cars, according to AEB AMC.

Volkswagen Group inaugurates its own engine plant in Russia

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Following three years of construction, the Volkswagen Group today inaugurated its new engine plant at Kaluga, Russia. Through the construction of the engine plant, Volkswagen is stepping up its industrial activities in Russia. This determines that, as of 2016, at least 30 percent of vehicles produced in Russia are to be equipped with engines manufactured locally.

VTT to develop intelligent transport systems in cooperation with ITS Russia; automated driving; links to China

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VTT Technical Research Centre of Finland Ltd and ITS Russia have signed a partnership agreement concerning the development of intelligent transport systems (ITS). The objective of Project CAVLANE is to develop new services, products and standards for border crossings in particular.

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Russia, China partner on engine for a long-range wide-body aircraft

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The signing of the Memorandum on the development of the engine for the LRWBA is a milestone for the civil aviation of Russia and China. The United Engine Corporation (UEC, part of Rostec State Corporation) signed a memorandum with the Chinese company AECC Commercial Aircraft Engine Co., AECC CAE). The Memorandum determines the objectives and main principles of interaction in the joint development of a gas turbine engine for a prospective long range wide-body aircraft (LRWBA/C929).

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Mercedes-Benz begins construction on new €250M passenger car plant in Russia

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Mercedes-Benz is starting construction on a new fully flexible passenger car plant in Russia. Daimler’s industrial commitment in Russia has so far has concentrated on commercial vehicle production. With a broad sales network and a large range of models, Mercedes-Benz 2016 was the automotive premium brand with the most registrations in Russia for the fourth year in a row. In the last ten years, the company has quadrupled its passenger car sales in Russia.

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Ford begins production of Focus in Russia

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Petersburg, Russia. The new Ford Focus will be assembled in Russia in all three body styles: four-door, five-door and wagon. The Focus has been a popular vehicle in Russia since it first went on sale there in 1999. To date, more than 500,000 Ford Focus units have been sold in Russia. Since then, during seven years the Ford Focus was the best selling foreign made car in Russia, including in 2010.

Westport & Gazprom sign agreement targeting NGV system & component manufacturing in Russia

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and Gazprom of Russia’s subsidiary Gazprom Gazomotornoye Toplivo (Gazprom) have signed a market development agreement focused on expanding the use of natural gas vehicles in Russia and the localization of manufacturing of Westport’s Emer brand natural gas products. Thirty-one regions in Russia have been selected for investment projects promoting the use of natural gas as a vehicle fuel. Westport Innovations Inc.

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Russia’s KRET develops universal charging stations for electric vehicles

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KRET, part of Rostec, has developed the FORA universal charging stations for the rapid charging of electric vehicles in Russia and abroad. According to experts, Russia currently needs at least 500,000 electric charging stations of all types. Prototypes will be presented at the KRET pavilion during the 3 rd international forum Engineering Technologies-2014.

GM scaling back in Russia; Opel out by December, Chevy to minimize presence

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General Motors announced plans to change its business model in Russia. The Chevrolet brand will minimize its presence in Russia and the Opel brand will leave the market by December 2015. This change in our business model in Russia is part of our global strategy to ensure long-term sustainability in markets where we operate. GM’s global luxury brand Cadillac will be set up for growth in Russia over the next several years as it prepares for numerous product introductions.

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Russia Considering Coal-to-Liquids Plant

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Russia is considering building a coal-to-liquids (CTL) plant, according to Energy Minister Sergei Shmatko, speaking at an energy forum in Moscow. Russia holds the world’s second largest recoverable coal reserves (173 billion short tons), behind the United States (274 billion short tons), according to a 2008 assessment by the US Energy Information Administration. Russia abounds in black and brown coal that can be used to synthesize liquid fuel. Businessmir.

Rusnano and I2BF invest $20M in Nesscap; production and research in Russia

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Products from the new plant in Russia will be supplied to the growing European and Asian markets for use within the automotive sector and renewable energy markets, said Georgy Kolpachev, Managing Director of Rusnano. The new plant in Russia will manufacture a wide range of high capacity ultracapacitor cells and modules based on Nesscap’s proprietary technology. Batteries Russia

OPIS: Russia’s shipments of diesel to Europe surged 55% in first eight months of 2014

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Satellite tracking of oil cargoes by market reporting group OPIS shows that Europe’s dependence on Russia for road fuels in the 28 member countries has deepened significantly. Diesel imports from Russia are at a record in the first eight months of 2014, with Germany the most reliant, followed by France, and then the UK. Russia exported around 10.3

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Russia Moves To Rein In Gas Flaring, Mandating 95% Gas Capture by 2012; Signals About-Face On Climate Change

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Russia has floated a 95% gas flaring target. extracted in Russia, or about 20 billion cubic meters per year. comparison, Russia’s projected South Stream gas pipeline is estimated. President Medvedev has also indicated a sharp reversal of Russia’s. by Jack Rosebro.

Roland Berger: Russian embargo against the Western automotive industry would hit Russia harder

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A decision by Russia to retaliate against sanctions imposed by the European Union and the US over Ukraine by imposing strong Russian sanctions—i.e., As Russia struggles with an ailing economy, rising inflation and a volatile currency, there’s no sign of a recovery any time soon, the consultancy said. European and American OEMs with production facilities in Russia could increase their local production to circumvent the higher import duties.

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Russia’s KAMAZ to create artificial city as autonomous driving testing ground

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Russia has no such an area, although there is a need. Every year in Russia, truck drivers are responsible for accidents that kill more than 2,000 people. It includes more than 150 organizations located in Russia, the CIS and abroad, including 12 major automotive manufacturing plants. Russian commercial vehicle manufacturer KAMAZ is proposing to create an artificial city as a testing ground for unmanned vehicles. The project will cost about 5 billion rubles (US$87 million).

2015 65

Ener1 Partners With Russias Federal Grid Company to Develop Grid Energy Storage Opportunities

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signed a memorandum of understanding (MOU) with Russia’s Federal Grid Company (FGC) to help develop new opportunities to use high-performance battery systems to improve the reliability and performance of the Russian electricity system, which is facing record setting demand on an aging grid. The company estimates smart grid technologies in Russia will reduce electricity losses by 25%, and reduce usage by as much as 35 billion kilowatt hours per year, for savings worth more than $1.6

RusNano, Chinas Thunder Sky to Manufacture Li-ion Batteries in Russia for EVs

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The supervisory board of the Russian Corporation of Nanotechnologies ( RusNano ) has approved the state corporation’s participation in a project with China-based Li-ion battery manufacturer Thunder Sky to manufacture Lithium-ion batteries, the first such project in Russia. The Russia-based enterprise established under this project will produce, foremost, lithium-ion batteries for all types of electric vehicles, including motorcycles and buses. Tags: Batteries China Russia

Rostec and Airbus launch sustainable aviation fuels effort in Russia

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This partnership is part of an initiative to develop a complete sustainable aviation fuel production capability in Russia, using only sustainable resources. Airbus and RT-Biotekhprom (Rostec Group) signed a cooperation agreement to launch a large-scale analysis of Russian feedstock, and to evaluate how to speed up the development and commercialization of Sustainable Fuels for aviation. This agreement was signed at the International Aviation and Space Salon MAKS-2013.

Russia debuts its first hybrid

Green Cars News

Russia’s first hybrid vehicle has been revealed in Moscow and is on display to the public over the New Year holidays. Hybrid cars hybrid Mikhail Russia Unexim Yarovit YoThe concept car has been developed as a joint venture between Russian billionaire Mikhail Prokhorov’s financial holding company, Unexim group and the carmaker Yarovit Motors. Called ‘Yo’ the hybrid model has a top speed [.].

Daimler and GAZ partner on Sprinter production in Russia

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Daimler and the Russian commercial vehicle manufacturer GAZ signed a memorandum of understanding in Nizhny Novgorod, Russia with the aim of producing Mercedes-Benz Sprinter vans in Russia. This will involve modification of the existing light commercial vehicles production facilities at the site, bringing new facilities to Russia, and training GAZ employees for their new tasks. It comprises 260 dealerships, as well as 240 service stations in Russia and the CIS.

US and Russia sign agreement to further research and development collaboration in nuclear energy and security

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The United States and Russia are equal partners under the agreement, with each country bearing its own costs. The United States and Russia have built a long history of cooperation on nonproliferation, nuclear security and nuclear energy.

Volkswagen Group lays foundation stone for new engine plant in Russia; part of $1.1B investment in Russia over next three years

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The Volkswagen Group is the largest foreign automobile investor in Russia. billion) in local production and new models for Russia. billion) in Russia over the next three years. With the new engine plant, Volkswagen will ensure that at least 30% of the vehicles produced in Russia are equipped with locally manufactured engines by 2016. In the long term, the Volkswagen Group plans to sell 500,000 vehicles per year in Russia by 2018.

Russia’s affordable hybrid launched put on hold

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Hybrid cars hybrid car production RussiaRussian car firm Yo-Auto has delayed its launch of its hybrid model to early 2015, according to The Moscow Times. Due to start production this year, the Yo-Mobile hybrid supermini is being delayed because of problems with a US subcontractor manufacturing the body of the vehicle, Yo-Auto’s chief executive Andrei Biryukov is reported to have [.].

Volkswagen and GAZ sign agreement for contract manufacturing in Russia

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The companies already concluded a memorandum of understanding regarding joint automobile production in Russia in February 2011. Back in February, the Volkswagen Group and the GAZ Group signed a memorandum of understanding regarding joint automobile production in Russia. Volkswagen and the GAZ Group signed an agreement to assemble Volkswagen and Škoda models under contract at the GAZ plant in Nizhny Novgorod.

Volkswagen Group to build own engine plant in Russia; production to begin in 2015

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The Volkswagen Group is expanding its capacities in Russia with the construction of a new engine plant in Kaluga, Russia. Russia is the primary strategic growth market in Europe for the Volkswagen Group. With the construction of the engine plant, Volkswagen is expanding its industrial commitment in Russia. This determines that, as of 2016, at least 30% of vehicles produced in Russia will be equipped with engines that were manufactured locally.

Tesla In Russia, 2016 Land Rover Diesels Priced, China Builds 25,000 Green Cars: Today's Car News

Green Car Reports

Today, we have Tesla love from Russia, pricing information for the 2016 Land Rover diesel models, and a report that China is building electric cars and plug-in hybrids at rates exceeding those of the U.S. and Japan. All this and more on Green Car Reports. Find out why Russian plutocrats love the Tesla Model S, and why Tesla probably won't start. Today in Car News

Mitsubishi plug-in hybrid Outlander going on sale in Russia in September

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At the Moscow International Automobile Salon 2014, Mitsubishi presented its four-wheel drive SUV plug-in hybrid electric vehicle (PHEV), the Outlander PHEV ( earlier post ); sales of the Outlander PHEV will start in Russia from September, 2014. The Outlander PHEV is the top-selling plug-in in Europe. With almost 11,000 units sold so far this year and 8440 units in 2013 (its launch year), the almost 20,000 units sold make Europe the Outlander’s largest market. Sales figures from EV Sales.).

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Newly-established Opel Group responsible for all GM’s European business including Russia

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Through this new entity, the company aggregates the responsibilities for Opel/Vauxhall as well as all other operations of GM in Europe—including Russia. Effective 1 July 2014, the newly-established Opel Group assumed full responsibility for General Motors’ business in Europe. Led by Dr. Karl-Thomas Neumann, the management board of the Opel Group, which is almost identical to the so-far existing management board of the Adam Opel AG, will steer GM’s European business.

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Mitsubishi to bring electric vehicles to Russia

Green Cars News

Electric cars Green cars Latest news Mitsubishi electric vehicles Kaluga Region Peugeot Citroen ROLF Import RussiaThe Russian electric vehicle market will soon receive a lift after the Government of the Kaluga Region signed a memorandum of understanding with ROLF Import, Mitsubishi’s exclusive distributer in the market. The parties are expected to collaborate on improving the natural environment of the Kaluga region. It will include information sharing among the groups regarding [.].

Boeing forecasts $110B market for commercial airplanes in Russia and CIS over next 20 years

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Boeing forecasts that air carriers in Russia and CIS will take delivery of 1,080 new airplanes over the next 20 years at an investment of $110 billion. Demand for airplanes also will be fueled by an increase in the number of people flying to, from and within Russia and CIS.

Mazda signs MoU with Sollers to establish joint venture production facility in Russia

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The proposed production facility is to be established in Vladivostok, in Russia’s Far Eastern Federal District and supply several Mazda nameplates for the Russian market. Russia is Mazda’s second largest market in Europe and sales are rapidly increasing. Sollers is one of Russia’s leading automotive companies, engaged in the production, distribution and servicing of vehicles.

Russia’s ?-AUTO and Latvia’s OSC collaborating on hybrid rally sports

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?-AUTO , the Russia-based developer of the ?-mobile mobile will participate at The Russia Championship rally in 2012, and subsequently in the Dakar event. mobile hybrid, and OSC , the Latvia-based developer of alternative drive rally cars (OSCars), have signed an agreement on collaboration and strategic partnership in developing alternative transport in motorsports.

GE and Rosneft to form joint venture to modernize Russia’s oil and gas infrastructure Downloads

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The agreement, which will strengthen both GE and Rosneft manufacturing and commercial capabilities, is part of GE’s plan to invest $1 billion in the oil and gas industry in Russia by 2020. As part of the agreement, GE and Rosneft also will pursue two other key initiatives: the establishment of a Research and Development Center and an Application Engineering and Training Center in Russia.

Datsun to launch in South Africa by end of 2014; also India, Indonesia and Russia

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The brand is also to be introduced in India, Indonesia and Russia in 2014. Datsun, a Nissan Motor Co. brand designing vehicles for high-growth markets, will return to South Africa. The first model to be introduced in South Africa will be a new passenger vehicle that will be launched by the end of 2014.