Blacklisted in the US and a number of Western countries. Chinese tech giant Huawei announced an agreement with one of Russia’s leading internet and mobile providers to develop 5G networks in Russia.
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Due to the production cuts. Russia’s economy is expected to grow by just 1.2 percent in 2019.
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The Russian and Chinese leaders have stressed the importance of the JCPOA.
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Following this month’s fractious meeting of the Arctic Council in Finland. China convened an Arctic conference of its own in Shanghai at which it showcased the cooperation that had been in short supply at the earlier Arctic summit.
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Druzhba usually supplies up to 1.5mn barrels a day of Russia’s benchmark Urals blend into central Europe.
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Rosneft has abandoned its plans to invest in the Eastern Petrochemical Complex (EPC) in the Far East.
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PDVSA is trying to retool the upgrades to process a simpler form of heavy oil.
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Russia sought to increase the production and export of liquefied natural gas.
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In March. Russia continued to gradually reduce oil production.
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OPEC and its partners launched a new round of output cuts at the beginning of the year.
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