Alexander Novak

Alexander Novak
The Minister of Energy of Russia
 

Saudi Energy Minister to discuss oil output with Russia#039s Novak in Vienna

Saudi Energy Minister to discuss oil output with Russia's Novak in Vienna

Saudi Energy Minister Khalid Falih said on Thursday he plans to use an upcoming meeting with his Russian counterpart Alexander Novak in Vienna to discuss monitoring oil output cuts under the …

Russia honors commitment to reduction of oil output under OPEC deal

Russia honors commitment to reduction of oil output under OPEC deal

Russia is respecting its commitments on reduction of oil output in line with OPEC agreements cutting production in the first 10 days of January by the amount exceeding previously set by Russian largest oil producers, Energy Minister …

Barkindo: Novak is brilliant

Barkindo: Novak is brilliant

OPEC Secretary General Mohammed Barkindo has highly appreciated Russia’s role and in particular the role of Energy Minister Alexnder Novak in reaching agreements on measures to stabilize oil market. …

Oil Prices Rise On Expected Decline In US Crude Stocks

Oil Prices Rise On Expected Decline In US Crude Stocks

OPEC is shielding most of its Asian customers from the planned cuts

Russia and Iran increases trade turnover by 80% in 2016

Russia and Iran increases trade turnover by 80% in 2016

Eight documents on cooperation between Russia and Iran were signed at the 13th meeting of the Permanent Russian-Iranian intergovernmental commission on trade-economic cooperation held in Tehran. The parties signed a roadmap on trade and …

 Whether oil producers will be able to avoid price war

Whether oil producers will be able to avoid price war

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How the decision on cutting oil output by OPEC and other exporting countries will influence the world market

Iran gives 7 oil projects to Russia

Iran gives 7 oil projects to Russia

Iran plans to assign development of seven oil fields to Russian companies, Iran’s Oil Minister Bijan Namdar Zanganeh said, explaining that Russian companies would develop and increase the recovery rate of the fields. …

Novak: reducing production, Russia to increase oil revenues

Novak: reducing production, Russia to increase oil revenues

The head of Russian Ministry of Energy Alexander Novak said that an agreement with OPEC and other oil-exporting countries to cut the oil production will have a positive effect on the Russian economy, as it will help to make …

Non-Opec countries agree to cut oil output to ease glut

Non-Opec countries agree to cut oil output to ease glut

Oil-producing nations that do not belong to the Opec cartel have agreed to cut output by 562,000 barrels a day

Russian energy minister Novak sees #039no risk#039 OPEC agreement fails

Russian energy minister Novak sees 'no risk' OPEC agreement fails

Russia's Minister of Energy Alexander Novak says he does not see risks the OPEC agreement fails. "I do not see any risk," he said in response to a question from reporters, TASS reports. …

Russian energy minister expects OPEC, non member countries to sign agreement on oil output

Russian energy minister expects OPEC, non member countries to sign agreement on oil output

Russian Energy Minister Alexander Novak expects OPEC and non member countries to sign an agreement after the meeting on December 10 in Vienna. "Of course. We came here to sign an agreement," Novak said …

No documents signed by Russia, Ukraine, EU during gas talks

No documents signed by Russia, Ukraine, EU during gas talks

No documents were signed by Russia, Ukraine and the European Union during trilateral gas talks, chief executive of Ukraine’s Naftogaz Andrei Kobolev said after meeting. "We did not sign. No agreements were managed to …

Russian oil firms discussed output cuts

Russian oil firms discussed output cuts

Russian companies support Energy Ministry proposals to cap oil output as part of a global deal, a ministry spokeswoman said on Wednesday as Moscow prepares to finalize the agreement with OPEC and other producer nations this weekend, Reuters …

 Novak to meet with Russian oil companies tomorrow - source

Novak to meet with Russian oil companies tomorrow - source

Russian Energy Minister Alexander Novak will hold a meeting with representatives of Russian oil companies on December 7, TASS reports with reference to several sources. The head of the Energy Ministry will discuss the …

Russian Energy Ministry to draft oil production cuts plan by Dec. 9 OPEC meeting

Russian Energy Ministry to draft oil production cuts plan by Dec. 9 OPEC meeting

Russia's Energy Ministry will draft a plan to reduce oil production in the country by the meeting with the Organization of the Petroleum Exporting Countries (OPEC) on December 9, Minister Alexander Novak said Thursday, …

Novak does not take part in OPEC meeting in Vienna

Novak does not take part in OPEC meeting in Vienna

Russian Energy Minister Alexander Novak said he does not plan to visit Vienna on November 30 to take part in the meeting among major oil producers, noting that Russia is ready to continue negotiations if an agreement is reached …

Talks between OPEC and non-OPEC oil exporters canceled

Talks between OPEC and non-OPEC oil exporters canceled

Today the group is holding another internal meeting to try to resolve its own differences

Novak: firstly OPEC members should reach consensus within organization

Novak: firstly OPEC members should reach consensus within organization

Russia shares the view of joining the agreement on stabilizing the oil market by non-OPEC producers after reaching a consensus within the cartel, and continues to consult with its partners, the Energy Minister …

Saudis to skip non-OPEC talks on monday, want OPEC deal first

Saudis to skip non-OPEC talks on monday, want OPEC deal first

Saudi Arabia wants OPEC members to agree on a deal before sitting down with non-OPEC producers

Brussels proposes Moscow and Kiev to hold trilateral gas talks

Brussels proposes Moscow and Kiev to hold trilateral gas talks

European Commission Vice-President for Energy Union Maros Sefcovic proposed Russia’s Energy Minister Alexander Novak to hold trilateral gas talks with Ukraine in Brussels. Alexander Novak …

Oil prices edge up ahead of OPEC meeting to discuss output cuts

Oil prices edge up ahead of OPEC meeting to discuss output cuts

Market activity was low because of the U.S. Thanksgiving holiday

Novak: Russia not yet invited to OPEC meeting

Novak: Russia not yet invited to OPEC meeting

Russia has not yet received an invitation to attend an OPEC meeting on November 30, but will take part in expert-level consultations with the organization on November 28, the Russian Energy Minister Alexander Novak said. …

Novak to meet Maros Sefcovic on November 25

Novak to meet Maros Sefcovic on November 25

The European Commission (EC) vice-president for Energy Union Maros Sefcovic and Russia's energy minister Alexander Novak are to meet on Friday November 25, EC spokeswoman confirmed, Natural Gas …

U.S. oil drillers coming back to life

U.S. oil drillers coming back to life

Permian Basin can hold up more than other basins with prices even lower than $40

Oil prices up as Saudis predict OPEC will reach output deal

Oil prices up as Saudis predict OPEC will reach output deal

Further relaxation of drilling and environmental regulations, coupled by faster approval of midstream infrastructure will lend support to the recovery in output under Trump

 Novak optimistic about OPEC#039s deal to limit oil output

Novak optimistic about OPEC's deal to limit oil output

Russian Energy Minister Alexander Novak said after meeting OPEC counterparts he was more confident a deal could be reached between Moscow and the group on output to help lift world oil prices. Speaking to reporters, …

Russia ready to support OPEC decision on output freeze

Russia ready to support OPEC decision on output freeze

Russia is ready to support OPEC's decision on an oil output freeze and sees big chances that the oil producers' group can agree on the terms of the freeze by Nov. 30, Russian Energy Minister Alexander Novak said on …

Russian Ministry of Energy to participate in negotiations with OPEC on the eve of  meeting

Russian Ministry of Energy to participate in negotiations with OPEC on the eve of meeting

The Ministry of Energy of Russia will participate in the negotiations with the countries of OPEC in Vienna on November 26-28 on the eve of a meeting of the cartel, the head of the ministry, Alexander Novak, reported. "We have to …

Novak and Sefcovic to meet in November

Novak and Sefcovic to meet in November

Russian Energy Minister Alexander Novak expects that his meeting with Vice-President of the European Commission on Energy Maros Sefcovic will be held in November, Novak said. "Right now there is no …

Saudis, Gulf OPEC members offer to cut 4% of oil output

Saudis, Gulf OPEC members offer to cut 4% of oil output

Just when a potential OPEC deal was looking more like wishful thinking than a reality, sources told Reuters on Thursday that Saudi Arabia and its Gulf OPEC producer allies had signaled that they would be ready to cut their near record …