Tag Archives: Russia Today

Recent news reports were replete with Iraq declaring its willingness to invest $15 billion into new gas-focused projects that could reduce its reliance on one of Baghdad’s long-standing problems, its gas imports. Baghdad has committed to an ambitious timeline of reaching self-sufficiency by 2024-2025, with several large-scale projects being developed …

Kuwait’s national oil company has said it is battling a blaze at one of its operational sites in the Burgan oilfield, the second largest in the world. The company says there has been no impact on oil production. In a statement on Monday cited by state-run media, Kuwait Oil Company …

India’s state-owned refiners are ordering their regular volumes of Saudi crude oil for June after the Kingdom reduced its prices, Reuters has reported, citing unnamed sources familiar with the situation. Saudi Arabia cut its official selling price for Asian clients earlier this month by between $0.10 and $0.30 in response …

Russia’s Ministry of Finance said on Wednesday that the average price for domestic Urals oil benchmark stood at $62.50 per barrel in April, which is a 340% increase in annual terms. According to the ministry, in the first four months of the year the average price for the Russian export …

Gazprom’s gas exports to non-CIS (Commonwealth of Independent States) countries grew by 28.3% in the first four months of 2021 year-on-year, to 68.4 billion cubic meters, the company said. “To compare, the increase exceeds the volume of gas that we supplied to a large consumer such as Austria for the …

A group of EU lawmakers have drafted a resolution that would impose new sanctions on Russia and scupper a Moscow-backed Baltic Sea pipeline, ignoring recent calls from the bloc’s top politicians for more constructive relations. The motion, put forward by representatives of some of the assembly’s largest political groupings, says …

Russia’s project to export liquefied natural gas (LNG) from the resource-rich Arctic region, Arctic LNG 2, is 39% complete and will be launched as planned, gas producer Novatek has announced. The CEO of Russia’s biggest independent energy company, Leonid Mikhelson, revealed on Friday how construction of the project had progressed. …

Ministers of countries participating in the OPEC+ oil production limiting agreement are discussing a shorter format of talks in late April. They can abandon the ministerial meeting and leave the meeting of the Joint Ministerial Monitoring Committee (JMMC), a source in OPEC told TASS on Monday. “Such an idea is …

The US oil industry faces a new oil price war if shale production rebounds next year by rising 1 million bpd compared to this year, chief executive at shale giant Pioneer Natural Resources said at BloombergNEF’s annual summit. Last year, the OPEC+ group broke up their production pact in March …

Russia is planning to increase its share in the global hydrogen market by 20% by 2030, and to increase annual exports of the fuel up to 33.4 million tons by 2050, Deputy Energy Minister Pavel Sorokin said on Monday. “It is still difficult to provide exact numbers, but we believe …