Tag Archives: Russia Today

Russia’s vast natural gas reserves and renewables potential could make it one of the world’s largest hydrogen producers within the next decades. Russia’s mineral and energy wealth has given it a second chance in global affairs after the Cold War and the implosion of the Soviet Union. Oil and gas …

Six US chemical and oil products will not be targeted by additional duties for another year, according to China’s finance ministry. The exemptions were initially introduced after the two countries reached a phase-one trade deal. The extension will come into force on Saturday and last until December 25, 2021, the …

Russia will support hiking production under the historic OPEC+ accord by 500,000 barrels a day in February if the market continues to stabilize, the deputy prime minister in charge of the energy sector, Alexander Novak, has said. “If the situation stays normal and stable, we will support the increase,” Novak …

Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT. “This means that, while we’re not completely there, we are nonetheless starting to get off the so-called oil and gas needle,” Putin said, adding, “If someone still …

Saudi Arabia’s crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd. In the week to November 27 alone, the volume of Saudi oil shipments to the US fell to as little as 73,000 bpd. The average daily volume …

German Foreign Minister Heiko Maas expects the longstanding issue of the Russian gas pipeline project, Nord Stream 2, to be settled after Joe Biden takes office as US president. “The European Union sees the sanctions introduced against the project as an illegal step and takes a different view of the …

Russia’s energy giant Rosneft is developing a multibillion-dollar Vostok Oil project which is expected to bolster the country’s presence in the Arctic region and to boost the economy. Rosneft’s CEO Igor Sechin, who has met with President Vladimir Putin this week, has pledged that Vostok Oil will deliver up to …

A new cargo port with coal, oil, gas and bunker terminals will be built in Russia’s Sakhalin, according to the press service of the regional government. The construction of the facility is expected to start in 2022. The new multifunctional cargo port will be located on the border of the …

Russian Prime Minister Mikhail Mishustin has submitted to the State Duma (lower house) the candidacy of Alexander Novak who previously headed the Energy Ministry, for the post of Deputy Prime Minister. Under the new constitutional law PM has submitted several candidacies for members of the cabinet to the Duma. “[Particularly], …

China plans to further increase oil and gas exploration and accelerate the construction of more oil and gas storage infrastructure, state news agency Xinhua reported. Last week, China’s Communist Party adopted the principles of the five-year development plan 2021-2025. China will also aim to build more oil and gas pipelines, …