Russian Energy Minister Alexander Novak discussed trade ties and investment cooperation with his Iranian counterpart Reza Ardakanian by telephone on Friday, Russia’s energy ministry said.
The ministry added that they had discussed cooperation in the energy, agricultural and transport sectors, Reuters reported.
Iran’s Energy Ministry said on its website: “In this...
Two U.S. senators are expected to introduce sanctions next week on the Nord Stream 2 natural gas pipeline that Russia is trying to finish, but which Washington has opposed since the Obama era, a source familiar with the matter said on Friday, Reuters said.
The sanctions, which would have to...
The construction of the undersea Nord Stream-2 gas pipeline to Europe will be completed, the Kremlin said on Thursday amid threats of additional sanctions against the project from the United States, Reuters reported.
Two U.S. senators are considering drafting further sanctions on the Nord Stream-2 natural gas pipeline if Moscow...
Vagit Alekperov, president of Lukoil, is confident that the company will successfully overcome the cycle of low oil prices and continue to implement its strategy, he said in a statement in the company annual report released on Tuesday, as reported by TASS.
"I am sure that we will successfully overcome...
Russia believes that the Nord Stream 2 gas pipeline will be completed, and its fate, despite the difficult situation surrounding the project, does not cause concern, said Permanent Representative of the Russian Federation to the EU Vladimir Chizhov on Tuesday in an online briefing, TASS reported.
He indicated that the...
Russian Energy Minister Alexander Novak met with domestic major oil companies on Tuesday to discuss the implementation of global oil production curbs and the possible extension of the current level of cuts beyond June, sources familiar with the plans told Reuters.
The meeting is a further sign that Moscow is...
The Russian government has tentatively approved a plan on drilling idle oil wells in order to prepare for the restoration of oil production once the global deal on output curbs expires in 2022, according to a government statement published on Tuesday.
Russia has agreed to cut its oil production by...
Russian natural gas transit via the Yamal-Europe pipeline, which traverses Poland, has almost dried up, Interfax cited gas pipeline operators as saying on Monday, days after a gas transit deal between Moscow and Warsaw expired, Reuters reported.
Russian gas giant Gazprom declined immediate comment.
The gas transit deal between Russia and...
Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said on Monday, as reported by TASS.
"Despite the grave situation, the industry continues working. We also see that motor gasoline prices remain flat year-to-date and diesel fuel...
Russia’s energy ministry sees global oil demand and supply balancing in the next two months, it said on its Twitter feed on Monday, citing the minister Alexander Novak.
Leading oil producers are due to hold an online conference in around two weeks on how to further police joint efforts to...
