Tag Archives: Russia

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.

Russia is ready to invest $10 bln in Iran’s oil and gas industry.

Gazprom and Rosneft are developing large deposits on the Arcric shale at the moment.

Under an agreement signed between Iran and Russia. Moscow was set to allocate a one-billion-dollar loan to Tehran for construction of a 1400-megawatt power plant in southern Iran.

Iranian Minister of Energy Reza Ardakanian said that he will hold meetings with Russian officials to pursue the case of Moscow’s loan to Tehran for constructing a 1400 megawatt thermal power plant in the Southern province of Hormuzgan.

Under the OPEC+ agreement in August. Russia'.s oil production cut level was 143.000 b d compared to October 2018.

French energy giant Engie. Shell of the Netherlands. and two German companies. Uniper and Wintershall Dea. are all financing partners of the 9.5 billion euros project.

A key trade deal between Iran and the Eurasian Economic Union (EAEU) will officially take effect on October 26. Russian Energy Minister Alexander Novak said in a meeting with his Iranian counterpart Reza Ardakanian.