President Vladimir Putin has promised tax incentives and other benefits to encourage companies to develop the Arctic region.
Read More »Russia Signals OPEC & Allies could Raise Oil Output after June
The joint ministerial monitoring committee of OPEC+ is meeting in May.
Read More »Venezuela Is Ready to Supply Oil to Russia
Washington blocked PDVSA'.s assets at $ 7 billion and threatened to block the accounts of oil buyers from Venezuela.
Read More »Sechin Wants Russia to Quit OPEC Deal
Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.
Read More »Trump Uses Oil Sanctions to Force Maduro to Step Aside
Russian energy giant Rosneft has loaned more than $6bn to PDVSA.
Read More »Rosneft will Invest in Iraq’s Kurdistan amid Crisis
The total recoverable oil reserves at five blocks may amount to 670 million barrels.
Read More »Venezuela will Have Problem to Repay Its Debts to Moscow
Russia has been a long-standing ally of Venezuela and has acted as a lender of last resort for Caracas.
Read More »Is Russia Really Compliant to OPEC+ Cuts
The compliance with the agreed output cuts will be key to balancing the market in 2019.
Read More »Russia. China`s Top Crude Oil Supplier
China is among the countries that were granted a waiver from sanctions on Iranian oil imports.
Read More »Nord Stream 2 will be Operational by January 2020
The Nord Stream 2 gas pipeline is intended to span the Baltic Sea. connecting suppliers in Russia to consumers in Europe.
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