Tag Archives: Vladimir Putin

President Vladimir Putin has promised tax incentives and other benefits to encourage companies to develop the Arctic region.

Novatek became Russia’s top LNG producer after starting up its plant in the Yamal peninsula almost two years ago.

In 2018 OPEC+ decided to increase output at its mid-year meeting. only to return to production cuts in 2019.

Tokyo is pressing Mitsubishi and Mitsui to make a decision.

Cooperation by Russia and Saudi Arabia on international energy markets will be continued.

Russia first joined forces with OPEC to exert more control over international oil prices in late 2016.

Russian energy giant Rosneft has loaned more than $6bn to PDVSA.

Russia and Saudi Arabia have been steadily developing economic cooperation over recent years.

One major stated purpose of these terms is to make the Ukrainian gas transit system commercially attractive for major European companies.

The rise in prices thanks to output cuts has brought roughly an additional $110 billion in revenues to Russia.