Tag Archives: Alexander Novak

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

Joint projects will be implemented in the sectors of energy. transport and transit traffic.

Presidents of Iran and Russia have met six times in different occasions. including in the UN General Assembly meeting. so far.

Many of the questions revolved around the fact that there is so much inventory remaining.

The NIOC has published a list of foreign companies declared as eligible for bidding in tenders.

Iran would be able to import goods from Russia instead of being paid in cash in return for the oil.

Russian companies have begun the construction of two new nuclear power plants in south Iran.

The purchases will be carried out via Promsirieimport. a trading unit of Russia'.s Energy Ministry.

Russia could potentially invest at around 20 billion dollars in Iran’s oil and natural gas production and exploration.

Russia will be cooperating with an OPEC decision last November to cut production levels and will be reducing its oil output by 300.000 bpd.