Tag Archives: Alexander Novak

Nord Stream 2 project presumes the construction of two gas pipelines with a combined annual capacity of 55 billion cubic meters of gas.

Gazprom is building new pipelines in Europe – Nord Stream-2 and Turkish Stream. but the Russian energy major is facing opposition on the continent.

Russia and Saudi Arabia may potentially invest billions of dollars into implementation of joint oil projects.

St. Petersburg International Economic Forum also offered innovative and attractive solutions for the oil and gas sectors.

Saudi Arabia and Russian companies are discussing a number of joint oil and gas projects.

Both Moscow and Riyadh said cooperation would continue beyond the current agreement.

The Russian energy minister noted that the issue of gas supplies to Ukraine might be raised within the talks.

Russia maintains its oil-price outlook at $50 to $60 on average for this year.

OPEC agreed to slash the output by 1.2 million barrels per day from Jan. 1.

OPEC members agreed in November to cut production by 1.2 million barrels per day for six months.