Timeline for major Caspian oil pipeline repair announced

The sanctions banning the delivery of parts to the storm-damaged offshore terminal are delaying crude supplies to the US and EU Repairs to two of the three mooring points of the Caspian Pipeline Consortium (CPC) pipeline damaged by a storm in Russia’s section of the Black Sea “will take, tentatively speaking, at least three to…

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Time to implement UN decisions on Palestine – Lavrov

When the current Israel-Palestine hostilities end, progress should be made towards a two-state solution, the Russian foreign minister has said The escalation of violence in the Middle East should provide an impetus for implementing a two-state solution to the Israeli-Palestinian conflict, Russian Foreign Minister Sergey Lavrov has said.

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Norway’s wealth fund posts heavy losses

One of the world’s largest investment funds lost over $160 billion in 2022 amid market volatility Norway’s sovereign wealth fund, Government Pension Fund Global, posted a record loss of 1.64 trillion kroner ($164.4 billion) in 2022, according to data published on the fund’s website on Tuesday.

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