Earlier this year. Novatek agreed to sell a 20% stake in Arctic LNG 2 to China’s Cnooc Ltd.
Read More »Russia Ready to Invest $10bn in Iran Oil Sector
Negotiations on Russia’s involvement in Iran’s oil projects would begin soon.
Read More »Europe must Take Practical Steps to Guarantee Iran’s Oil Revenues
Iran will continue talks to save the nuclear deal. but will take necessary measures if the Europeans fail to fulfill their own obligations.
Read More »Oil Market Balanced. but Uncertainties Persist
The global oil market is balanced. while some uncertainties remain.
Read More »OPEC Struggles to Detain Oil Price Decline
OPEC+ is expected to reaffirm its commitment to rebalancing the market at its September 12 meeting.
Read More »Russia Close to Become a Dominant Player in Global LNG Market
The first production unit at Arctic 2 LNG will come online by the end of the third quarter of 2023.
Read More »Private Companies may be Allowed to Develop Arctic Shale
Gazprom and Rosneft are developing large deposits on the Arcric shale at the moment.
Read More »Changes in Saudi Oil Management won`t Hurt Ties
Russia continues its coordination with the Organization of the Petroleum Exporting Countries (OPEC) on the global oil market.
Read More »China Considers Speeding up Shale Gas Drive
China'.s reliance oil and gas imports is growing too rapidly.
Read More »Saudi Arabia Replaces Aramco Chairman Ahead of Potential IPO
Aramco plans to float around five per cent of the state-owned company in 2020 or 2021.
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