Support The Moscow Times!
Contribute today

OMV Ceases Exploration

By The Moscow Times

OMV, Central Europe’s biggest oil company, ended exploration in Russia, one of its partners said Friday.

OMV is selling stakes in oil field licenses to its minority partner, Mineral & Bio Fuels. OMV sold its almost 75 percent stake in Ring Oil Holding & Trading, which has 10 licenses in the Saratov and Komi regions, and CorSarNeft, the operator, to Mineral & Bio Fuels, based in Malta.  

“We plan to develop the fields on our own,” said CorSarNeft general director Leonid Shnaiderman. “We are also open to finding a partner for them.”

(Bloomberg)


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

perfect storm

What's Causing Russia's Record Floods?

Above-average snowfall followed by a rapid spring thaw, a warmer planet and human influences have all played a role in the current crisis.
3 Min read
assassination plot

Poland Arrests Man Over Suspected Russian Plan To Kill Zelensky

Warsaw said the suspect stated that he was "ready to act on behalf of the military intelligence services of the Russian Federation."
2 Min read
unconfirmed deaths

Memorial to Russian Sailors Lists 19 Casualties in Moskva Sinking – Reports

Russia’s Defense Ministry has officially confirmed one death and 27 missing sailors in the April 13, 2022, sinking of the Moskva.
1 Min read
melting ice

Kamchatka's Glaciers Have Shrunk by 36% Since 1950 – Russian Scientists

The rate of retreat of the ice caps in the northern Sredinny Range from 2002 to 2017 was 4.3 times higher than from 1950 to 2002.
1 Min read