Tag Archives: Alexander Novak

Rosneft. Russia'.s biggest oil producer. is 50 percent state-owned.

According to the Russian Energy Ministry. it expects the EU to further clarify its decision to blacklist two of the ministry’s officials.

The production of gas in the region increased by 10 percent over the past five years and reached 32.8 billion cubic meters of gas.

Under a deal agreed last year. oil exporters committed to cut production in an effort to reduce global stockpiles that have depressed prices for more than two years.

Novak said Monday he is meeting with his Kuwaiti counterpart to discuss LNG exports.

Kingdom to limit crude oil exports at 6.6 million barrels per day in August. almost 1 million bpd below levels a year ago.

Germany is leading a group of countries whose companies are taking part in building the 55bn cubic metre a year (cm y) route.

Compliance with production cuts by members of the Organization of Petroleum Exporting Countries is excellent.

Nigeria and Libya have been exempt from quotas under the Vienna deal between OPEC and 10 other major oil producers on limiting oil production agreed in November 2016.

Russia plans to host a meeting of some ministers from the Organization of Petroleum Exporting Countries and several non-members in St. Petersburg on July 24.