Russian President Vladimir Putin has said the importance of the route of Russian gas exports to Europe via Belarus is growing. He was speaking at a meeting of the Supreme State Council of the Union State of Russia and Belarus
"Given the technical condition of other routes for the export of...
The Russian government is discussing the possibility of introducing a refundable excise tax on oil with an increased coefficient for oil plants located far from export markets - in the Volga region, the Urals and Siberia.
For these purposes, it is planned to allocate $5.14 billion, Novaya Gazeta reported citing government...
Russia already plans to increase oil exports ahead of a meeting with Saudi Arabia and other OPEC producers, the country’s July-September schedule shows, which coupled with increasing refinery runs suggests Moscow is gearing up to raise production, Reuters reports.
OPEC and non-OPEC producers are scheduled to meet on June 22-23 in...
Russia’s oil giant Rosneft PJSC’s has said crude at $70 to 80 a barrel was a “comfortable level” and expressed satisfaction with the results of Russia’s joint supply cuts with OPEC, less than a week before key talks in Vienna that could phase them out, Union News reported.
The producers...
Platinum group metals (PGM) and gold miner Eurasia Mining have received approval from the Russian Federal Securities Board and the Ministry of Defence for its Monchetundra project, in the Kola Peninsula, Mining Technology reported.
The mine permit application for the two-million-ounce PGM Monchetundra project will now progress to Ministerial level,...
Russia and Saudi Arabia will ask OPEC to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander Novak said on Saturday, according to Russian media.
OPEC and Russia decided together in 2016 to cut their supply in order to push prices...
Russian state energy company InterRAO plans to buy 11.25 percent of its shares held by power company Rushydro and the Federal Grid Company, two sources close to the deals said on Monday. One of the sources said InterRAO could pay $623 million for the deal.
After the planned purchase, InterRAO’s...
Russian oil exports dropped 16% to 51.1 mln tonnes from January to May 2018 compared to the same period in 2017, Sergei Andronov, Vice President of Russia’s Transneft oil pipeline operator, told Vedomosti.
The reduction in exports stems from a number of factors, including compliance of the deal with the...
Russia’s gas giant Gazprom has renewed talks with South Korea on a potential natural gas pipeline from Russia's Far East via North Korea in light of the improved political situation in the region. The company also said it expects talks with China on gas supplies to be completed by...
Saudi Arabia and Russia said Thursday they will develop a "comprehensive bilateral agreement" on energy cooperation, suggesting that even if the OPEC/non-OPEC production-cut agreement falls apart, they will continue their market-management efforts.
According to RFE/RL, in a statement issued after they met in Moscow, Saudi energy minister Khalid al-Falih and...
