Alexander Novak

Novak: Russia open to new dates for OPEC+ meeting

Russian Energy Minister Alexander Novak said that Russia was open to new dates for a meeting of OPEC+ nations, including on July 12. Novak noted that he had not yet discussed a change in meeting dates with his …

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 Novak on why oil price could fall to $30 per barrel

Russian Energy Minister Alexander Novak did not rule out that oil prices could fall to $30 per barrel due to overproduction, he said after the meeting of the Russian-Saudi intergovernmental commission on trade, economic and …

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Russia to offer VIP version aircraft to Saudi Arabia

  Russia plans to offer Sukhoi SuperJet 100 aircraft in its VIP version and medium-haul MC-21 aircraft to Saudi Arabia, Energy Minister Alexander Novak said at a meeting of the joint Russian-Saudi intergovernmental …

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Al-Falih assesses OPEC+ deal perspectives

Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih believes that the benefit of participation in OPEC+ is obvious. The minister noted that he met with the Russian President …

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Hungary joins Turkish Stream pipeline

Hungary intends to complete the expansion of its pipeline capacity for the Turkish Stream gas pipeline by the end of the year, Russian Minister of Energy Alexander Novak said on the sidelines of the St. Petersburg International …

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Novak: Nord Stream 2 being implemented on schedule

The Nord Stream 2 project is being implemented in accordance with the approved schedule, despite the US plans to impose sanctions on the gas pipeline, Russian Minister of Energy Alexander Novak said. "We have …

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Novak announces possible recovery of oil production

The recovery of oil production in the framework of the OPEC + alliance after June is possible if there is unmet demand on the market, Russian Minister of Energy Alexander Novak told journalists on the sidelines of the International Arctic Forum …

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 All Russian oil to be subject to excess-profits tax?

After monitoring and analyzing the impact of a pilot project of introducing the excess-profits tax in the oil industry, the Russian Ministry of Energy may propose the final transition to the excess-profits tax in the oil industry, the Russian …

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