Alexander Novak

Will Novak to decide fate of OPEC deal?

Russia’s oil industry will continue to monitor implementation of a global OPEC+ deal on cutting oil production, and Energy Minister Alexander Novak will take a final decision independently, Lukoil CEO Vagit Alekperov said. …

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Moscow and Damascus ink energy cooperation agreement

Russian Energy Minister Alexander Novak and Syrian Electricity Minister Mohammad Zuhair Kharboutli signed a 'road map' agreement for cooperation in the energy sector, the Russian Energy Ministry said in a statement posted …

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US sanctions help Russia?

Russian Energy Minister Alexander Novak, commenting on the new US sanctions against Russian citizens and companies, stressed that they are not only harmless to Russian industry but also help its development and growth.   …

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Why we should not be afraid of shale oil

The increasing shale oil output does not compensate for the general increase in global demand for "black gold", Russian Energy Minister Alexander Novak said at the economic forum in Davos, …

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 OPEC+ monitoring committee to meet in Oman on January 21

Ministers from leading OPEC and non-OPEC producers will discuss the possibility of a smooth exit from a global deal to cut oil output at a ministerial monitoring committee meeting in Oman, which is scheduled for January 21, Russian Energy …

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Novak says who wants to extend OPEC-led deal

Almost all OPEC+ countries support an extension of oil cuts, Russia's Energy Minister Alexander Novak said The minister said in a television interview posted on the energy ministry’s website that …

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 Russian Energy Ministry gives oil price forecast

The Russian Energy Ministry still expects oil prices to stay in a range of $50-60 per barrel in 2018, the country's energy minister Alexander Novak said on the sidelines of the summit of the Gas Exporting Countries Forum. …

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 Novak holds meeting with Russian key oil-producers

Russian Energy Minister Alexander Novak was meeting Russian oil company executives in Moscow today ahead of talks in Vienna at the end of November between OPEC and non-OPEC oil producers.  “Speaking about the …

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