Alexander Novak

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 …

Read
 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 …

Read
Russia to boost its share on LNG market

Russia’s Energy Minister Alexander Novak said that the share of liquefied natural gas (LNG) on the global gas market may double to reach 70% by 2040. According to him, the segment of LNG production has "huge …

Read
Novak and Zangane to meet on April 1 in Moscow

Russian Energy Minister Alexander Novak will hold a meeting with Iranian Oil Minister Bijan Namdar Zanganeh on April 1 in Moscow, an official spokesman of the Russian Energy Ministry said. "The …

Read
Novak confirms participation in OPEC+ meeting in Baku

Representatives of 14 countries, including Russian Energy Minister Alexander Novak, confirmed their participation in the 13th meeting of the Joint OPEC and non-OPEC Ministerial Monitoring Committee in Baku, according to the …

Read
Novak: too early to say if OPEC+ deal to be extended

Russia’s energy minister Alexander Novak said that it was too early to say if the global deal to cut oil production between the Organization of the Petroleum Exporting Countries (OPEC) and other large oil producers would be …

Read
Russia earned $100 billion after OPEC+ deal

Russia has earned at least 6 trillion rubles after signing an agreement with OPEC+ countries due to oil price cuts, Russian Energy Minister Alexander Novak said. The deal increased the cost of crude oil by $10 per …

Read

Populars