Saturday, October 31, 2020
Russia’s top gas producer Gazprom plans to sell around 6 mln tonnes of liquified natural gas in 2020 and boost volumes starting 2021 due to commissioning of new projects, Deputy Chairman of Gazprom Management Committee, Chief Executive Officer of Gazprom Export Elena Burmistrova said in an interview with a...
Russia does not rule out the possibility that OPEC+ could extend its current 7.7 million barrels per day of production cuts into next year, according to Russian President Vladimir Putin, RT reported. The comments could be merely jawboning to a market that is desperately seeking reassurances that oil production will...
Gazprom sees the development of hydrogen energy as an opportunity for its further development, TASS writes. The company is currently negotiating with European partners on joint work in hydrogen projects, head of Gazprom Export, Elena Burmistrova said while speaking at the 13th Eurasian Economic Forum. Gazprom Export is the export...
If Washington proceeds with sanctions against the Russia-led natural gas pipeline, Nord Stream 2, it will hurt a wide range of Western contractors and investors involved in the undertaking, the project operator has warned, RT reported. “If imposed, could directly hit more than 120 companies from more than 12...
OPEC+ countries reached an agreement to continue executing the deal in full scope, with the next meeting of the ministerial monitoring committee to be held this November, Russian Energy Minister Alexander Novak said in an interview with the Rossiya-24 TV Channel, TASS reported. "An agreement was reached on the outcomes...
The US State Department said on Tuesday it has extended the sanctions against the Nord Stream 2 project to firms that provide services or funds to upgrade or install equipment on ships for laying the gas pipeline, RT informs. “Such activities subject to sanctions pursuant to PEESA (the Protecting Europe's...
Russia’s second-largest producer, Lukoil, is eager to increase its oil production in Iraq once the production cuts of the OPEC+ group end, Egor Zubarev, Managing Director of Lukoil Mid-East, told Bloomberg. Iraq’s current crude oil production is capped at around 3.6 million barrels per day (bpd) under the OPEC+ pact,...
Russia may support keeping cuts in global oil output unchanged after 2020, when they are due to be eased, if world markets worsen due to sluggish demand and a surge in new coronavirus cases, two industry sources told Reuters. The Organization of the Petroleum Exporting Countries and other producers led...
The coronavirus outbreak and warmer-than-average winter season in Europe may push Russian natural gas exports down by 16 percent this year, Russia’s National Rating Agency (NRA) has warned, RT reported. Global demand for blue fuel may contract between four and five percent in 2020 compared to the previous year, marking...
With refiners across the globe facing serious problems and economic hardships amid the COVID-19 pandemic, SOCAR Trading’s CEO Mariam Almaszade is looking to innovation to alleviate the increasing socioeconomic pressure on the company. The latest approach, spearheaded by Almaszade herself, envisions creating a global integrated oil products desk, recreating the...