Tag Archives: Russia

Rosneft Oil Company has held a seminar on the organisation of the company’s procurement activities in the format of a video conference. The event was attended online by representatives of more than 20 leading Japanese suppliers and contractors. The seminar was arranged as subject to the agreements achieved at the …

Russia was the biggest exporter of crude oil to China last month, for the 2nd month in a row, Reuters reported, citing Chinese customs data. Saudi Arabia came 2nd, but its exports to the world’s top importer fell by 300 % in August, Oilprice analysed. Russia shipped 1.37 million bpd …

Russia expects a long and gradual revival of the oil market after the pandemic this year crushed energy demand across the world. “The recovery won’t be fast, it will take quite a while before the pre-crisis levels can be reached,” Russia’s Energy Minister Alexander Novak said Sunday. In 2020, on …

Russia supports the concept of the Closed Carbon Cycle Economy based of renewable resources, Russian Energy Minister Alexander Novak sais on Sunday at a meeting of Group of Twenty energy ministers. “I would like to thank, first of all, Saudi Arabia for high-quality presidency and offering a G20 energy agenda, …

Russia and the US continue to clash over the future of the Nord Stream 2 gas pipeline, with Moscow hitting out at calls from Washington for the creation of a “coalition” of nations aimed at blocking completion of the project. A little over 150 km of Nord Stream 2 remains …

Production of oil and gas condensate in Russia is projected at 507.4 mln tonnes in 2020, a 9.5% decrease compared with 2019, whereas gas output is expected to drop by 6.4% to 690.8 bln cubic meters, according to the country’s social and economic development for 2021 and the planned period …

Russia expects its oil production to increase after the current OPEC+ deal on output curbs runs its course in April 2022, data from the economy ministry published on Saturday showed. Russia, which the ministry expects to produce 507.4 million tonnes of oil this year, is seen increasing its production over …

After the Amur Gas Processing Plant (GPP) in the east of Russia, which is 66% complete, reaches its full capacity, Gazprom will a major player in the international helium market, Russian gas monopoly Gazprom Chairman Alexey Miller said on September 23. At the GPP, the multi-component gas extracted from the …

Russia rejects US attempts to oppose the Nord Stream 2 gas pipeline project by forging a coalition of project opponents, Spokeswoman of the Foreign Ministry, Maria Zakharova noted on Wednesday. “We condemn calls for forging a certain coalition against the pipeline, wherein German and other companies have already made multi-billion …

The chief executive of Russian oil producer Gazprom Neft said he expects global oil consumption to return to pre-crisis level in the second half of 2021, slightly later than the energy ministry’s forecast for the second quarter. Speaking at a conference – first large-scale industry event since Russia scrapped public …