Russian gas company Gazprom is putting pressure on the country’s pipeline suppliers for its major projects by demanding big discounts, industry sources say. The move follows the emergence of a producer charging significantly lower prices, Reuters reports.
According to the sources, the Kremlin-controlled gas giant is seeking a 20% discount as...
Russia will not retaliate after U.S. technology giant Oracle decided to comply with American sanctions against Russian oil and gas companies, Kremlin’s Communications Minister Nikolay Nikiforov said Thursday.
Nikiforov told reporters on the sidelines of the Russian Investment Forum in Sochi that Moscow "was not planning retaliatory measures."
"We are against...
Russia plans to stop production at the largest gas field in the Crimean shelf zone, Odesskoye, due to a legal battle with Ukraine in the International Court of Arbitration initiated by Kiev in September 2016, RBC reported citing three Russian federal officials.
Ukraine’s claims cover a wide range of issues related to Russia’s...
Banks had become more demanding when dealing with Russia’s Lukoil after Washington published a so-called “Putin list” of oligarchs, Vagit Alekperov, the head of Russia’s No.2 oil producer Lukoil, said on Thursday.
Last month, the U.S. Treasury Department released a list of wealthy Russian businessmen it said were close to the Kremlin...
Russia’s largest non-state natural gas producer Novatek and Saudi Aramco have signed a memorandum on cooperation, Russian Energy Minister Alexander Novak said on Thursday.
He also said that Novatek and Saudi Aramco have been in discussion over the Arctic LNG-2 project, which aims to start producing liquefied natural gas in 2022-2023, and...
In accordance with an energy cooperation framework agreement signed in late January, Russia will have exclusive rights to produce oil and gas in Syria. The agreement goes significantly beyond that, stipulating the modalities of the rehabilitation of damaged rigs and infrastructure, energy advisory support, and training a new generation...
Russian banks and a joint Russia-China investment fund are interested to take part in Saudi Aramco’s initial public offering (IPO), according to the head of a sovereign Russian investment fund.
Aramco is the Saudi state-owned national petroleum and natural gas company with a market value estimated at between $2 trillion...
Russia's Ambassador to Croatia, Anvar Azimov reacted to his U.S. counterpart’s statement involving the intentions of a Russian company to privatize Croatia’s biggest oil and gas company, INA.
“The Americans are meddling in the internal affairs of other countries, violating the principle of a free market and are conducting policies...
Russia’s Energy Ministry has no plans to change its outlook for the 2018 average annual oil price, which is currently at $50-60 per barrel, despite its higher level at the moment, Minister Alexander Novak said Tuesday.
"My outlook is unchanged, my estimations for average price for 2018 have always...
Russian oil companies and the state budget have gained around $43 billion so far thanks to a deal with OPEC to cut oil production, Russian Energy Minister Alexander Novak said on Tuesday, according to RIA news agency.
The statement comes at a time when it seems OPEC and its allies...
