Tag Archives: Russia

Russia’s Nord Stream 2 said on Saturday it planned to resume pipe-laying work on a 2.6 kilometre (1.62 mile) stretch of the stalled Moscow-backed gas pipeline to Europe in Germany’s Exclusive Economic Zone. The 1,230 km pipeline under the Baltic Sea, which Moscow hopes will boost the amount of gas …

Russia can probably get around the latest U.S. sanctions against Nord Stream 2 and complete the pipeline, industry executives and analysts of the controversial project say. Gazprom PJSC, which owns the project to boost natural gas flows from Russia into Germany, says it’s drawing up alternatives to complete work that …

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 …

Saudi Arabia and Russia summoned the OPEC+ alliance for last-minute talks on Saturday, just before it’s due to decide whether to delay January’s output increase. A clear majority of OPEC+ watchers expect the group to maintain their supply curbs at current levels for a few months longer due to lingering …

The pushback from the UAE over historic supply cuts brought in to offset the fallout from the pandemic comes at a delicate moment for OPEC, threatening the brittle coalition and an already weakened oil market. The news of COVID-19 vaccines alongside the highest oil price since September has lifted sentiments …

UAE’s discovery of new oil resources will take the country’s total conventional oil reserves to 107 billion barrels, placing the OPEC nation near Russia, one of the world’s largest energy exporters. The find “strengthens the country’s position in sixth place in the world in the list of countries with the …

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 …