Russian oil and natural gas companies plan to work together with Iraq, the economic adviser of the Russian embassy in Iraq told RIA Novosti. “Despite the difficult military and political situation in the country, our oil and gas companies fully fulfill the contractual terms before Iraqi partners and develop plans …
Read More »Russia and Iraq to Sign a Memorandum in the Nuclear Field
A top Russian official revealed that Moscow and Baghdad are preparing to sign a memorandum of cooperation in the field of non-energy and peaceful applications of nuclear technologies. Ilya Lobov, the economic adviser of the Russian embassy in Iraq, announced in an interview with RIA Novosti that both sides are …
Read More »The Real Challenge for Europe’s Energy Market will Come next Year
Europe is more or less prepared to face this winter with nearly full gas storage sites and a steady flow of LNG imports. The real concern about gas supply is for the winter after that, the top executives of Europe’s biggest oil and gas majors say. As of October 31, …
Read More »Russia to Invest $4.5 Billion in Iran’s Oil Fields
Iran’s Oil Minister Javad Owji has said Russian investors have finalized a contract with Iran for developing seven oil and gas fields worth $4.5 billion. “So far, Russian investors and companies have finalized a contract with Iran for developing seven oil and gas fields worth 4.5 billion dollars, and some …
Read More »Russia’s near-Record LNG Shipments Show World’s Struggle to Cut Reliance
Russian liquefied natural gas shipments increased in October to nearly a record, illustrating how the world is struggling to curb its dependence on the major supplier ahead of winter. LNG exports from Russia rose 1.1% year on year in October to the highest level since March, according to ship-tracking data …
Read More »Russia Set to Reroute most of Its Oil under New Price Cap
New G7 and European Union sanctions on Russian oil exports will have a muted impact on flows and global prices according to analysts polled by Reuters, as Russia is set to largely succeed in rerouting its trade eastward. The market is set to be deprived of a maximum of 2 …
Read More »Russian Investors to Spend $4.5b in 7 Iran Oilfields
The Iranian oil minister said Russian investors and companies have finalized a contract for developing 7 oil and gas fields with Iran worth $4.5 billion, and some projects have achieved 7 to 35% physical progress so far. Speaking in a coordination meeting with the representatives of different working groups of …
Read More »Japan will Keep Investment in Sakhalin-1 Oil Project in Russia
Japan will keep its investment in the Sakhalin-1 oil and gas project in Russia, said the nation’s trade chief. The government has requested a Japanese consortium to keep its stake in the project, the nation’s Trade Minister Yasutoshi Nishimura told the press on Tuesday. Japan has few resources of its …
Read More »Putin Warns the World is Facing the most Dangerous Decade since World War II
Russian President Vladimir Putin says the world faces the most dangerous decade since World War II and predicted that the historical period of the West’s “undivided dominance over world affairs” is coming to an end. Speaking on October 27 at a conference of international policy experts in Moscow, Putin said …
Read More »Russia to Host 16th Joint Economic Commission with Iran
The 16th Iran-Russia Joint Economic Commission will be hosted by Russia from October 30 to November 1. Iranian Oil Minister Javad Owji is the head of the Iranian delegation of this joint commission and Alexander Novak, the deputy prime minister of Russia, is also the head of the Iran-Russia joint …
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