Russia’s Gazprom said Monday it was launching feasibility studies on constructing a second gas pipeline to China that would more than double the volumes it could deliver to the energy-hungry nation. “The objective is to connect the gas transportation infrastructure in the west and the east of Russia,” Gazprom chief …
Read More »Germany Denies Nord Stream 2 Pipeline Waiver of EU Rules
Germany’s energy regulator on Friday (15 May) declined to grant a waiver of European Union gas directives to the operators of the Nord Stream 2 pipeline, dealing a fresh blow to the project to carry gas from Russia to Germany under the Baltic Sea. Nord Stream 2, designed by Russia’s …
Read More »Russia Considers Major Investment in Iraqi Gas Field
The Russian Ambassador to Iraq, Maxim Maksimov said that Russia is seeking to invest heavily in Al-Mansouriya gas field, in the Diyala governorate. Maksimov said in a press statement yesterday that “Russian companies are willing to mobilise significant funds and have submitted an investment tender for Al-Mansouriya gas field in …
Read More »Russian Nord Stream Pipeline Vessel Docked at Construction Site
Satellite photos show the ship that is a prime candidate to finish the controversial Nord Stream 2 gas pipeline linking Russia and Europe has docked at a key port in Germany. The Akademik Cherskiy has moved into the port of Mukran, about 300 kilometers (186 miles) north of Berlin, where …
Read More »Nuclear Deal Opponents Helpless, Ignorant
Russia's Permanent Representative to International Organizations in Vienna Mikhail Ulyanov termed the opponents of the 2015 nuclear deal, also known as Iran deal, ignorant and helpless.
Read More »Rosneft Cut Debt, Taking Situation on Forex Market into Account
Rosneft, which has the largest share of ruble-denominated debt among Russian exporters, has optimized its debt portfolio due to changes in the foreign exchange market, Andrei Baranov, the director of Rosneft’s investor relations department, said on Friday during a phone conference. “Rosneft has a balanced debt portfolio, 50 percent of …
Read More »Tehran, Moscow Discuss Eties Amid Covid-19 Pandemic
In a phone talk between Iranian envoy to Moscow Kazem Jalali and Deputy Minister of Energy Anatoly Tikhonov, the two sides discussed expansion of mutual economic ties under the coronavirus pandemic.
Read More »Russia, S Arabia Agree to Stabilize Oil Market
Russia and Saudi Arabia’s energy ministers agreed to stabilize the oil market.
Read More »Saudi and Russia Affirm Commitment to Oil Market Stability
Saudi Energy Minister His Royal Highness Prince Abdulaziz bin Salman Al-Saud and his Russian counterpart Alexander Novak reaffirmed their respective countries’ firm commitment to maintaining the stability of the global oil markets. The two ministers held a call today during which they underlined their countries’ joint consultations regarding latest developments …
Read More »Russia’s Challenge with OPEC
Russian oil producers are confronting their greatest challenge in decades as they try to fend off a historic price slump without permanently damaging their fields. To save the market from collapse caused by the coronavirus, Moscow and its OPEC allies agreed to cut crude output deeper than ever before. Their …
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