U.S. President Donald Trump claimed on Saturday that Russia has looked to receive economic assistance from the United States and also praised his own summit with Russian President Vladimir Putin, according to pro-Kremlin news outlet Sputnik.
In a speech at a rally in the state of Illinois, Trump said:
“I had...
Russia’s energy industry broke another record in 2018, with 556 million tons of oil and 725 billion cubic meters of gas produced in the country last year, Russian Energy Minister Alexander Novak said at a meeting Thursday with President Vladimir Putin, according to Investing.com Russia.
The minister said gas exports,...
Gazprom Neft Middle East B.V., a subsidiary of Russian oil company Gazprom Neft, has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI), the Oil & Gas Journal reports.
Potential production at this new well is estimated at 12,000 bpd. Cumulative daily...
The United States’ oil output, driven by surging shale production, could surpass 10 million barrels per day, toppling a record set in 1970, Reuters reports.
Still, the new record, expected within days, likely won’t last long. The U.S. government forecasts that the nation’s production will climb to 11 million barrels...
A relative of Russian President Vladimir Putin is a candidate to join the board of Russia's state-run gas giant, The Times reported.
In a brief financial disclosure on Thursday, Gazprom, the world's largest natural gas producer, said its board would consider the issue "of M.E. Putin", without giving further details.
The possible...
Lider CJSC, which belongs to Gazfond and Gazprombank, is the new owner of the Dunes sanatorium in the Gulf of Finland and a 37.7-hectare land plot on which it is located, Polit reports.
The new owner of the asset, formerly owned by Andrey Molchanov’s development group LSR Group, was registered...
The Zagorsk Pipe Plant (ZTZ) has signed a direct supply contract worth 41.2 billion rubles ($625 million) with Gazprom-Komplektatsiya, affiliate of Russian gas giant Gazprom, the company said, noting that is it a new record.
The delivery deadline of 500,000 tons of large-diameter pipes is from November 19, 2018 till April...
Russian companies sent nine ships carrying more than 3 million barrels of crude oil and petroleum products to the United States last week, the highest amount since 2011, McClatchy reports citing a review of the U.S. Bill of Ladings database by investment bank Caracas Capital.
Amid debilitating oil sanctions lodged...
Rosneft, Russia's largest oil producer is looking to its operations in Vietnam for the experience needed to expand its global reach, while its offshore extraction with Western companies is barred by Western sanctions, Reuters reports.
Vietnam is a traditional ally of Russia, and Kremlin-controlled Rosneft is part of a consortium...
Russia is ready to boost oil production within the OPEC+ oil production capping deal by more than 200,000 barrels daily in order to increase the OPEC+ production growth to 1 million bpd, Energy Minister Alexander Novak told reporters on Friday.
"For example, if this million is not reached, then we...
