According to SHANA. the new oil deals based on Iran Petroleum Contract (IPC) is expected to replace buy-back contracts.
Read More »Russia`s Rosneft. China`s CEFC Agree Joint Exploration in Siberia
Rosneft also signed a contract with CEFC for Russia to increase direct supplies of crude oil to China.
Read More »Russian Deputy PM Backs Gerhard Schroeder`s Candidacy for Rosneft Board
Schroeder held the office of the German chancellor in 1998-2005 and was the leader of the SPD in 1999-2004.
Read More »Washington Ready to Block Potential Russian Takeover of U.S. Oil Firm
The Trump administration is ready to block a Russian state-owned oil giant from gaining control of critical energy assets in the U.S. owned by Venezuela.
Read More »US Sanctions Force Russia’s Oil Giant Lukoil to Sell Its Distributor Litasko
Lukoil controls refineries in Romania. Bulgaria. Italy and the Netherlands. The company declined to comment on Reuters'. message about the possibility of Litasco selling.
Read More »Russia Aims to Spend $2.7 Billion on Arctic Development Before 2025
The Arctic has been in focus in recent years amid the deterioration of relations between Russia and the Western powers amid the Ukrainian crisis.
Read More »Russia and Saudi Arabia Plan to Extend Outputs Cuts Through June
Saudi Oil Minister Khalid al-Falih and his Russian counterpart Alexander Novak met to discuss the potential extension last month in St. Petersburg.
Read More »MAN Diesel & Turbo and AKA Win Specialist Russian Order
The partnership with AKA represents part of MAN Diesel &. Turbo’s strategic development program.
Read More »Despite New U.S. Sanctions. Russian Oil Traders Business as Usual
Several Russian banks are already subject to U.S. and European Union sanctions.
Read More »Gazprom Neft Presented Iran Oilfields Studies to NIOC
Iran has so far signed MoUs with 4 Russian companies for developing its oil and gas fields.
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