Tag Archives: Russia

It is currently impossible to suspend investment in new oil production projects as the price will otherwise reach $200 per barrel, Deputy Prime Minister Alexander Novak said at the St. Petersburg International Economic Forum on Thursday. “I cannot imagine a situation, for example, where investments in new projects are suspended …

Russia’s Lukoil would be “happy” to return to talks on its Iranian oil projects, which were at an advanced stage, once US sanctions on the Middle Eastern country are lifted, CEO Vagit Alekperov said June 3. Lukoil was in talks with Iran to develop the Ab Teymour and Mansouri oil …

Testing work on Russia’s Nord Stream 2 gas pipeline to Germany will start next week, Alexander Drozdenko, governor of the Leningrad region where the pipeline starts, was cited as saying by the TASS news agency on Wednesday. The United States last month waived sanctions on the company behind the pipeline …

Oil exports from Russia in January – May 2021 fell by 13% compared to the same period last year to 91.2 mln tonnes, according to statistics released by the Central Dispatching Department of Fuel Energy Complex (CDU TEK) on Wednesday. Russia participates in the OPEC+ agreement on oil production cuts, …

Russian energy giant Gazprom’s output rose significantly from January through May compared to the same period last year, the company said on Tuesday. “For the first five months of 2021, production amounted to 221.9 billion cubic meters of gas, according to preliminary data,” Gazprom said on Telegram, adding: “This is …

Russia’s coal production is expected to reach the level of 2019, after which coal producers started to reduce output amid the coronavirus pandemic-related economic crisis and the falling demand in western countries, by the end of this year, Deputy Energy Minister Anatoly Yanovsky told reporters on Tuesday. “I think that …

Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and boardroom mean Royal Dutch Shell, ExxonMobil and Chevron are all under pressure to cut carbon emissions faster. That’s good news …

Russian gas supplies through Ukraine will continue as long as relevant contracts are in force, as Moscow does not pursue the goal of suspending the supplies after commissioning the Nord Stream 2 pipeline, Russian Foreign Ministry’s Department of Economic Cooperation Director Dmitry Birichevsky said in an interview with Sputnik. “The …

A variety of buildings, facilities, and dock make up a new skyline like the Russian north has never seen before. Once a sleepy village, the Belokamenka (Russian for “the White stone”) is nowadays the busiest industrial construction site anywhere in the circumpolar north. Over 100 companies are involved in creating …

US daily imports of Russian oil have hit new highs, despite tough talk on a wide range of issues, including energy. In March, the nation purchased Russian crude and oil products in volumes not seen since 2009. According to the latest data released by the US Energy Information Administration (EIA), …