International

The project is the biggest-diameter offshore gas pipeline in the world laid at such depths.

Due to the production cuts. Russia’s economy is expected to grow by just 1.2 percent in 2019.

This commitment to a balanced market and a sustainable stability remains our key objective.

Ankara has no intention of usurping the rights of anyone. nor allowing its own rights to be usurped.

The Kingdom is closely monitoring recent developments in the oil market.

US liquefied natural gas (LNG) was hit with a tariff of 25 percent. the highest rate in the Chinese countermeasures.

Russia’s exports to countries outside the former USSR in May dropped to 20.17 MM tons.

OPEC and its allies including Russia are scheduled to meet on June 25-26.

Developing exports to the neighboring countries is the priority of the year and Iran is ready for new economic and trade cooperation with Russia in different industrial and mineral areas.

OPEC. Russia and other producers agreed to cut output by 1.2 million barrels per day (bbl d) from January for six months to boost oil prices by reducing global inventories.