Tag Archives: Russia

Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil this year. Saudi Arabia, which was China’s top supplier last year, has exported …

This was the most positive set of remarks so far this year by Saudi Energy Minister Prince Abdul Aziz bin Salman, when he opened the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ (an alliance between OPEC and 10 non-OPEC countries led by Russia). The JMMC monitors compliance of OPEC+ member …

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 …

House and Senate negotiators have reached an agreement to include additional sanctions against a gas pipeline between Russia and Germany in a must-pass defense bill, according to three people familiar with the matter. The sanctions against Gazprom PJSC’s Nord Stream 2 pipeline would target insurance and certification companies that work …

On October 22, Rosneft’s CEO, Igor Sechin, revealed some new, previously unpublished details regarding the state-owned Russian petroleum giant’s latest mega-project in the Arctic—Vostok Oil. Specifically, Sechin confirmed that Vostok Oil will include a natural gas liquefaction plant, which will ultimately enable Rosneft to ship significant volumes of liquefied natural …

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], …

Russia and OPEC-kingpin Saudi Arabia are reportedly mulling to delay an increase in oil production in January, maintaining an output cut aimed to raise oil prices as demand has weakened due the coronavirus pandemic. Russia and the Organization of Petroleum Exporting Countries held their annual talks on November 2 with …

Another set of tests has been performed in the upper levels of the exploration well at the Leningradskoye field of the Yamal gas production center. Earlier, the well helped discover a new deposit in the lower levels. In the course of the exploration activities, commercial gas inflow of over 1 …

Russia has no plans to rein in its production of fossil fuels in the coming decades despite the global efforts to shift towards low-carbon energy, according to its energy minister. Alexander Novak told the Guardian that Russia did “not see that we will achieve a peak in [gas] production anytime …

Republic of Korea’s Samsung is to participate in building gas carriers at Russia’s Zvezda shipyard in the Far East, according to the press office of the Presidential Plenipotentiary in the Far Eastern Federal District. The announcement comes after a meeting between the Co-Chairmen of the Organizing Committee of the year …