Oil, Russia Oil and Gas

Novak: Russia is ready to cooperate with Kuwait on supply of LNG and LPG

The Russian Minister of Energy Alexander Novak has held a meeting with the Minister of Petroleum and Minister of Electric Power and Water Resources of Kuwait Issam Al-Marzuk, the press centre of th

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Belarus starts receiving Iranian oil through the port of Odessa

Iran has started the deliveries of crude oil to Belarus. The first tanker arrived in the port of Odessa in the south of the Ukraine.

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Russian Ministry of Energy predicts growth in oil consumption in the world by 1.2-1.3 mln barrels per day

The pace of the oil demand growth is a key factor affecting the oil market and the consumption throughout the world will grow by no less than 1.2-1.3 million barrels per day this year, said the Rus

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Novak calls the Arctic a "strategic potential" of Russia.

"The Arctic is the future of our oil production and gas production".

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New centers of hydrocarbons production to be formed in the north of the Krasnoyarsk region

The creation of the Taimyr-Turukhansk support zone in the north of the Krasnoyarsk region provides for the development of new centers for the extraction of coal, gas and oil in the Arctic territory

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Neftisa buys fields with reserves of about 80 mln tons of oil

As the Kommersant has found out, one of the largest deals in the recent years  on sale of certain assets was held on the Russian oil market: Mikhail Gutseriev's Neftisa acquired Sladk

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Gazpromneft to conduct seismic survey at the offshore Dolginskoye field

The company has announced a tender to conduct seismic surveys in the field season of 2017 at the Dolginskoye oil field in the offshore area of ​​the Barents (Pechora) Sea’s shelf.

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In February, oil import from Russia to China grew by 4.5%

In February 2017, oil imports from Russia to China increased by 4.5% compared to the same period last year to 4.29 million tons, or about 1 million barrels per day.

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Joint venture of Rosneft and Venezuelan PDVSA to reduce production to fulfill agreement with OPEC

Venezuelan authorities have sent a directive to further reduce the oil production at several fields in the Orinoco belt to fulfill the agreement with the OPEC.

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Agreement on the reduction of oil production to be prolonged

The agreement between the OPEC and the oil-producing countries on the reduction of the oil production will be extended.

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