Tag Archives: Russia

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 …

As Russia’s relationship with the West reaches a new low, the world’s largest country is now looking East to diversify gas exports to Asian markets. Addressing the plenary session of the 12th VTB Capital’s Russia Calling! Investment Forum via video conference, Russian President Vladimir Putin reaffirmed Russia’s intention to boost …

Iran and Russia have renewed agreement on construction of Sirik power plant in southern Iranian province of Hormuzgan, Iran’s Ministry of Energy said on Saturday. The project will become operational soon after approval of a loan from Russia, director of power plant projects in Iran Behnam Khaefinejad has said. As …

The EU imported the highest ever volume of LNG in 2019 at 108 billion cubic meters, marking 27% of total gas imports and 22% of the EU’s gas consumption, according to the European Commission. The gas market report showed that Qatar supplied 30 bcm of LNG to the EU in …

If Washington proceeds with sanctions against the Russia-led natural gas pipeline, Nord Stream 2, it will hurt a wide range of Western contractors and investors involved in the undertaking, the project operator has warned. “If imposed, [the sanctions] could directly hit more than 120 companies from more than 12 European …

Scientists of the Rosneft United Research and Development Centre have developed a laboratory unit designed to convert methane to synthetic liquid hydrocarbons. The unit has successfully completed a synthetic oil production run, and the Company’s technology for obtaining synthetic oil from associated petroleum gas has undergone a series of expert …

Lukoil PJSC is seeking to develop new oilfield projects in Iraq even as slumping crude prices and OPEC+ supply cuts have compelled the company to slash production in the country. Russia’s second-biggest oil producer pumped 400,000 barrels a day last year at its West Qurna 2 project in southern Iraq, …