Tag Archives: Russia

Hoping to develop the Northern Sea Route across the Arctic into an international shipping lane, Russia is building a group of icebreakers to be powered with liquefied natural gas. Russia already has the world’s only fleet of nuclear powered icebreakers but under president Vladimir Putin the objective is that its …

Russia will perform its commitments within the OPEC+ oil production limiting agreement’s framework by about 100% in July, Deputy Prime Minister Alexander Novak told reporters on Friday. “It will be about 100%. We actually have no strong volatility in this aspect, approximately at the same level on a monthly basis. …

Russia produced an average of 10.36 million barrels of crude oil per day in January-May 2021, while the average U.S. production was 11.10 million barrels per day, fresh data from official Russia statistics agency Rosstat showed. Saudi Arabia slipped back to third place with an average daily production of 8.27 …

Russia is building on its 2020 roadmap for hydrogen production over the next decade, announcing a new working group to coordinate the country’s hydrogen production and exportation projects. With the development of a new working group, by Russian Prime Minister Mikhail Mishustin, to coordinate hydrogen projects, Russia appears to be …

Reuters reports that top executives announced the news last week. The government has appointed Rosatom, Russia’s atomic energy corporation, as the state operator of the Northern Sea Route. Director general of Rosatom Alexei Likhachev said that by the end of the year a decision on the possible construction of two …

Saudi Arabia and Russia have clinched a deal for an OPEC+ production increase by partly submitting to the United Arab Emirates’ demands for a more generous quota. But the compromise still leaves Riyadh and Moscow on top. Of all the adjustments agreed recently to the group’s baselines – the level …

Late in the race, Russia has recently announced investments targeting electric vehicle (EV) growth in an attempt to catch up with the transition across the rest of Europe. Russia is expected to start work on its EV infrastructure creation, starting in Moscow. The city plans to install 200 EV charging …

India is negotiating investments of between two and three billion dollars in Russian oil and gas exploration and production projects with the Russian government, the Business Standard newspaper reports, citing unnamed officials. According to the paper, the Russian government has offered several oil and gas fields to India’s natural resources …

Only second to Russia, Iraq is among the top gas flaring countries in the entire world, the World Bank’s (WB) Gas flaring tracker report said. In the 2020 Gas flaring tracker report, the WB said that Iraq burns 70% of the total natural gas produced in the country, which was …

Polish Prime Minister Mateusz Morawiecki said he disagreed with the position of the United States and Germany on the issue of the Nord Stream-2 gas pipeline. The head of the Polish government noted that Poland’s allies, including Germany and the United States, “selfishly approached the issue of building this gas …