Global demand for petrochemical products is expected to grow by about 4% annually, while the demand for oil will grow only by 1%, Russian President Vladimir Putin This announced on Tuesday, TASS reported. He was speaking at a meeting for the strategic development of the petrochemical industry.
"By the way,...
Germany may create a special fund to bypass restrictions imposed by the US government on the Russian-led gas pipeline project Nord Stream 2, Bild tabloid has reported, quoting unnamed sources, RT writes.
The slush fund is aimed at tackling the problems of climate change, and may identify the project as...
Russian energy major Gazprom has seen a dramatic fall in net profits for the first nine months of 2020, which fell to 218 billion rubles ($2.9 billion) from nearly 1.1 trillion rubles ($14.5 billion) a year ago, RT reported.
In its report published on Monday, Gazprom said that overall net...
Russian President Vladimir Putin does not plan to meet with Russia’s major oil companies before a crucial OPEC+ meeting on Thursday, the Kremlin said on Tuesday, Reuters reported.
OPEC and allies led by Russia postponed talks on oil output policy for 2021 to Thursday, as key players still disagreed on...
There are not the same strong differences between Russia and the OPEC oil group as had been the case in early 2020, a Kremlin spokesman said on Monday, as leading oil producers debate the future of their deal on output cuts, Reuters reported.
The oil talks initially collapsed in March...
The Nord Stream 2 AG project company operating the construction of Nord Stream 2 pipeline plans to resume pipe-laying work this December, the company told TASS.
"Yes, we can confirm that. We are planning to resume pipe-laying work using an anchor-positioned vessel in Germany’s exclusive economic zone this year. We...
Pipe-laying vessel Akademik Cherskiy, expected to be used to finish the Moscow-led Nord Stream 2 gas pipeline, has left the German project hub of Mukran and is heading to the Russian port of Kaliningrad, Refinitiv Eikon data showed on Friday, Reuters reported.
The data showed that the vessel, which has...
Russian oil giant Rosneft on Wednesday announced the start of operations for its giant Vostok Oil project in the Arctic, part of the country's strategic energy plan which has been criticized by environmentalists, The Moscow Times reported.
“It is with great pleasure that I inform you of the start of...
The Middle East remains in the zone of strategic interests of Gazprom Neft as it is still interested in development on the market of the Iraqi Kurdistan, the Russian oil company said in a statement on Wednesday, TASS reported.
"Despite the COVID-19-related restrictions, we continued implementation of our projects in...
Oil refineries in the Far East has set a restriction of oil intake in view of challenges with export of ready products from companies due to the change in the schedule of railway transportation of goods on the back of adverse weather conditions, official spokesman of the Russian oil...
