Tag Archives: TASS News Agency

OPEC+ countries are beginning to gradually increase oil production after nine months of tough restrictions. The rate of production increase will not exceed 0.5 mln barrels per day (bpd). By setting such a small rate, the oil exporters, which account for 40% of the global oil market, will be able …

The construction of the Nord Stream 2 gas pipeline is a priority project for Moscow, Kremlin Spokesman Dmitry Peskov told TASS, adding that Russia is going ahead with its implementation. “That is a priority project and we are going ahead with its implementation,” he said.

Global gas demand will not decline in coming 25-30 years, it will only rise due to a small carbon footprint, Russian Deputy Energy Minister Pavel Sorokin told a forum on Friday. “Due to the fact that gas has the smallest carbon footprint we do not expect a decline in gas …

In addition to the great consequences for human health, the pandemic has led to serious socio-economic shocks in most countries of the world, including in the Arab countries, Minister of Energy of Algeria Abdelmadjid Attar said RABAT, December 14. /TASS/. An extremely difficult situation has developed in the global economy …

The Arab Energy Conference, which was supposed to take place in 2022, has been postponed to 2023, Minister of Energy of Algeria, President of the OPEC conference Abdelmadjid Attar said at the 105th meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) held in …

Global demand for petrochemical products is expected to grow by about 4% annually, while the demand for oil will grow only by 1%, Russian President Vladimir Putin This announced on Tuesday. He was speaking at a meeting for the strategic development of the petrochemical industry. “By the way, this is …

Russian Deputy Prime Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman will hold informal consultations with members of the OPEC+ monitoring committee on November 28, two sources in OPEC told TASS. Those will be the last talks between members of the committee before the ministerial meeting of …

Russia supports the concept of the Closed Carbon Cycle Economy based of renewable resources, Russian Energy Minister Alexander Novak sais on Sunday at a meeting of Group of Twenty energy ministers. “I would like to thank, first of all, Saudi Arabia for high-quality presidency and offering a G20 energy agenda, …

Production of oil and gas condensate in Russia is projected at 507.4 mln tonnes in 2020, a 9.5% decrease compared with 2019, whereas gas output is expected to drop by 6.4% to 690.8 bln cubic meters, according to the country’s social and economic development for 2021 and the planned period …

Pumping gas through the Power of Siberia pipeline, which supplies gas to Russian consumers in the Far East and China, resumed on Tuesday after scheduled maintenance work, Gazprom said. “Scheduled maintenance work on the Power of Siberia gas pipeline has been completed. Gas transportation, as planned, has been resumed today …