The parties will begin work on the project next year. after they will have signed all the legal paperwork later this year. according Novak.
Read More »OPEC vs. U.S. Shale: The Battle for Asian Market Share
In fact. the threat to OPEC from U.S. shale oil just got more serious as it became clear that the cartel and its partners are planning to extend their own agreement until the end of 2018.
Read More »New US Sanctions to Bar Americans from Arctic Offshore Oil Projects with Russia
The latest set of restrictions is being imposed over the conflict in Ukraine.
Read More »Oil Hits Highest Since Mid-2015 as OPEC Sticks to Supply Deal
Saudi Arabia and Russia are considering extending the agreement to potentially cover all of next year.
Read More »Iran. Russia building 2 nuclear power plants in Bushehr
The new power plants will triple Iran’s nuclear-generated electricity production to about 3.3 thousand megawatts a year.
Read More »Naftogaz Warns of Russian Gas Supply Concerns in Europe
Naftogaz continues to ensure secure transmission of gas volumes expected by European customers despite the pressure deficiencies on the Russian side.
Read More »Iran Prepares to Start Crude Oil Export to Russia
Russia will pay half of the oil money in cash in euro and the other half in the form of goods and equipment.
Read More »Russia Signs Nigeria to Build Nuclear Power Plant
Rosatom is seeking to build nuclear power plants in other countries on the continent including South Africa.
Read More »Rosneft Not Obliged to Report on Iraqi Kurdistan Projects
The September 25 independence referendum in oil-rich regions of Iraqi Kurdistan and Kirkuk led to a military operation driven by the Iraqi government forces.
Read More »Russia Wants to Lay Gas Pipeline from Iran to India. but Via Gwadar
The Economic Coordination Committee has already given the go-ahead for kicking off negotiations on gas import from Russia.
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