Tag Archives: Russia

Iran’s Minister of Energy announced that the formalities for a €1.2-billion loan were exchanged between finance ministries of his country and Russia. adding that Tehran will use the money for constructing a major electricity project South of Iran.

Iran and the Group 5+1 on July 14. 2015. reached a conclusion over the text of the JCPOA.

Russia and Iran are organizing cooperation between the Russian financial messaging system and Iran'.s Electronic Financial Messaging System (SEPAM) as an alternative to making payments through SWIFT.

Russia highly appreciated the existing dialogue between Moscow and Riyadh and was committed to continuing to develop bilateral cooperation.

Gazprom controls 32 licenses in the region and resource estimates exceed 26 trillion cubic meters.

Spot gas prices in the EU have more than halved. falling from $250 per thousand cubic meters last autumn to $110-120 in summer 2019.

Rosneft has responded to the US statement about possible sanctions due to oil purchases from Venezuela.

Earlier this year. Novatek agreed to sell a 20% stake in Arctic LNG 2 to China’s Cnooc Ltd.

Negotiations on Russia’s involvement in Iran’s oil projects would begin soon.

The first production unit at Arctic 2 LNG will come online by the end of the third quarter of 2023.