Tag Archives: Vladimir Putin

A possible six-month extension proposal from Russia is shorter than the market is largely expecting.

OPEC and allied oil producers should extend their production cuts beyond March to help rebalance the market.

Outside the kingdom. the impact will be felt in business. finance and oil markets.

Russia intends to build a trans-Azeri pipeline to Iran. which will not only strengthen bilateral Russian-Iranian relations and their trilateral expansion with Azerbaijan.

Iran and Russia signed several agreements to promote cooperation over energy issues during President Putin’s visit.

The massive size of the agreements is a very important data point for western oil and gas firms. which have been jockeying for a position in Iran’s high-potential petroleum sector.

Oil giant Rosneft has also planned to venture into LNG. and signed in May 2014 a preliminary deal with ExxonMobil to cooperate on the Far East LNG project.

The parties have agreed upon the main principles of Rosneft’s participation in projects in the Islamic Republic of Iran and approved the path forward plan.

Putin has called on Azerbaijan. Iran to coordinate efforts with Russia in energy sector Share.

The parties will begin work on the project next year. after they will have signed all the legal paperwork later this year. according Novak.