Tag Archives: Igor Sechin

An important subject of talks between Sechin and Pradhan was the issue of providing Indian consumers with quality crude and petroleum-based products.

The project will require significant funding to develop the fields and related infrastructure.

The sudden loss of output gives grounds to rethink Saudi Arabia’s role as an undoubtedly reliable oil supplier.

The first production unit at Arctic 2 LNG will come online by the end of the third quarter of 2023.

A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.

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

Pipeline monopoly Transneft had assured Rosneft it would be compensated for all losses from the oil contamination.

OPEC. together with its allies. has been withholding production since the start of the year to prop up the market.

Druzhba usually supplies up to 1.5mn barrels a day of Russia’s benchmark Urals blend into central Europe.

Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.