Russia should reform oil taxation to bring into production some 10 billion tons of currently uneconomic reserves and boost producers’ margins to compete better with rivals such as U.S. shale firms, the country’s energy minister told Reuters.
According to the minister, Russian oil production in Russia could decline if the...
Russia's Deputy Prime Minister Yuri Borisov and Venezuelan Vice President for Economics and Finance Tarek El Aissami signed a number of agreements in the field of energy, economy, and technology during a meeting in Caracas. This was announced on Saturday by the press service of the Presidential Administration Nicolas...
The euro was set as the default currency for all Rosneft’s new export contracts including for crude oil, oil products, petrochemicals and liquefied petroleum gas, Bloomberg reported citing tender documents.
The Russian state-run energy giant has been looking to reduce its vulnerability to potential fresh U.S. sanctions with the switch...
The Russian Ministry of Communications has prepared amendments to the law on the media, which will expand government subsidies from the budget to entertainment television channels, RBC reported citing a document published on the country’s portal for draft regulatory and legal acts.
Channels reportedly included in the new subsidies list...
Moscow is ready to consider other routes for the Nord Stream 2 gas pipeline project if Denmark refused to approve its laying in the country’s exclusive economic zone, Russian President Vladimir Putin said on Thursday, according to Kommersant.
The business newspaper writes that an alternative route through Sweden’s zone...
Hungary’s minister of foreign affairs and trade Peter Szijjarto held talks with Gazprom’s Deputy Chairwoman Elena Burmistrova and Rosatom CEO Alexey Likhachev in Moscow, where the official participated at the Russian Energy Week forum, MTI reports.
Szijjarto told the Hungarian news agencyʼs correspondent in the Russian capital that Hungaryʼs gas reserves are...
The pressure of geopolitical factors in the global oil market is becoming increasingly strong, which makes forecasting more difficult, Russia’s Energy Minister Alexander Novak told a session of the Russian Energy Week on Wednesday, according to TASS.
The minister said the situation on the market is “almost stable”.
"Despite the fact...
Russian president Vladimir Putin may hold a meeting on Wednesday with the head of ExxonMobil Darren Woods to discuss the possibility of cooperation, the Kremlin’s spokesman has said, according to Reuters.
Woods and BP boss Robert Dudley are listed among the panelists of this week’s conference, which is also expected...
Sanctions imposed last week by Washington against the world’s largest Chinese shipping company Cosco have dealt a heavy blow to Novatek’s Yamal LNG project, which will not be able to use more than a third of its fleet, Kommersant reported.
Yamal LNG is a joint venture based around a...
Canadian precious metals miner Kinross Gold is putting future deals in Russia on hold after snapping up a development project in the country earlier this year, Seeking Alpha reported.
The Toronto-based company acquired the undeveloped Chulbatkan asset from closely held N-Mining in July for $283 million in cash and shares.
The acquisition will add 3.9...
