Russia could unwind the oil price-protection deal with OPEC and other producers and raise its output back to pre-cut levels within months if a decision is made, Reuters reported citing a Russian energy ministry official.
“Speaking about potential in the short run, growth potential (in Russia) is at least 300,000 bpd, which were cut...
The three days of festivities leading to the inauguration of the new Swiss embassy building in Moscow last month were sponsored by Volga Group, a holding owned by Russian billionaire Gennady Timchenko, among other companies, Swiss Info reports.
Timchenko, a close ally of Russian President Vladimir Putin, contributed an unknown...
The world’s second-biggest consumer of gold, India, ramped up imports of the metal by 471% from a year earlier to a record 160 tons in March, Reuters reported, citing a government source, RT writes.
According to the source, the country purchased a record 321 tons of gold in the first...
The United States and India have agreed that a U.S. company, most likely Westinghouse, will construct six nuclear power plants in India, dealing a blow to Russian hopes for the lucrative nuclear deal, Nezavisimaya Gazeta reports.
Russia and India struck an agreement during President Vladimir Putin’s visit to New Delhi...
The chairman of the Suez Canal Authority, Mohab Mamish, said that his four-day visit to Russia, set to start on Sunday, will include finalizing negotiations to establish a Russian industrial zone east of Port Said, RIA news agency reported.
Mamish noted that negotiations with the Russian side over the past period...
Russia’s Gazprom Neft, the only oil company producing on Russia’s Arctic shelf, has received its first icebreaker, the Alexander Sannikov, on Friday, reaching a milestone in developing the region, Lenta.
The vessel was built under the Arctic Time program, under which six tankers were floated out and put into operation...
Bulgaria has begun construction of Balkan Stream, an arm of Gazprom’s TurkStream gas pipeline through the country to Serbia, Bulgarian Prime Minister Boyko Borisov announced at a briefing following talks with Russia’s Minister of Industry and Trade, Denis Manturov.
The construction will be completed by early 2020, Manturov told reporters...
Businessmen from Thailand are interested in investing into setting up an LNG transshipment terminal on Sakhalin, as they want to receive supplies of Russian liquefied natural gas, the region's governor Valery Limarenko has said, according to Interfax.
On Tuesday, a delegation from the Southeast Asian country arrived for an official visit...
The Middle East is cruising into the second half of 2019 with spectacular gas production, and is expected to surpass powerhouse Russia by the end of the year, Oil and Gas Middle East reports.
According to Rystad Energy, the Middle Eastern region will produce over 730bn cubic metres of gas...
German Defense Minister Annegret Kramp-Karrenbauer on Wednesday backed calls to negotiate the disputed Nord Stream 2 pipeline but warned that sanctions threatened by the United States would run afoul of international law.
"When it comes to the U.S. threat of sanctions, we in the German government have the clear position that...
