Norwegian state oil company Equinor and Russia'.s Rosneft will invest in the first stage of the development of North Komsomolskoy.
Read More »Japanese Energy Majors may Invest in Russia’s Oil Megaproject in Arctic
The project will require significant funding to develop the fields and related infrastructure.
Read More »Russia among Leading Suppliers of Crude Oil to China
Russia has become a leading supplier of crude oil to China - it supplied 67 million tonnes in 2018. which is worth more than $35 billion.
Read More »India will Invite Foreign Firms to Invest in State-Owned Oil Companies
International energy firms will be invited to participate in India’s privatization of state-owned oil companies.
Read More »Saudi Oil Site Attacks Hit Kingdom`s Role as a Reliable Supplier
The sudden loss of output gives grounds to rethink Saudi Arabia’s role as an undoubtedly reliable oil supplier.
Read More »Venezuela Ready to Hand Control of PDVSA to Russia’s Rosneft
Rosneft is one of the major investors in Venezuela. implementing several projects on oil exploration and development with Venezuela’s PDVSA.
Read More »Iraq Prepares For Oil Export Boom
The Oil Ministry expects that the new island and related plans will allow it to almost double its export capacity within three years.
Read More »US Not Ruling Out Sanctions on Russia`s Rosneft over Venezuelan Oil Trade
Rosneft has responded to the US statement about possible sanctions due to oil purchases from Venezuela.
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.
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