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Rosneft is hoping to benefit from a similar attitude to sanctions imposed over Ukraine.

Russia’s Energy Minister Alexander Novak said last week that it is too early to talk about an extension.

Qatar is a small but wealthy member of OPEC that generates most of its income from natural gas rather than crude oil.

The focus is now to re balance the market.

Russia plans to hold an energy dialogue meeting with OPEC in Moscow on May 31.

Under sanctions. Iran was banned from the global financial system. preventing the field'.s development.

Saudi Aramco officials as a matter of policy do not comment on the kingdom'.s monthly OSPs.

The LNG plant is expected to be up and running according to schedule and reach the design capacity.

Russia has promised to cut its daily oil output by up to 300.000 barrels in a gradual manner.