Alexander Novak

Russia to establish new OPEC

New OPEC-Russia organisation may start its work on 1 January 2019, Russian energy Minister Alexander Novak said today. The minister specified that it will retain the functions of regulating oil production and will …

Novak and Sefcovic hold gas talks in Berlin

Russian Energy Minister Alexander Novak and Vice President of the European Commission Maros Sefcovic are holding gas talks in Berlin.  Their meeting started at 10:30 local time (11:30 Moscow …

"OPEC+ fulfills its task"

The OPEC deal has practically fulfilled its task, Russia’s Energy Minister Alexander Novak said, speaking today in the Federation Council.  "This agreement has practically fulfilled its task of leveling …

Novak on reduction of Russia's oil production

Russia reduced crude oil production by 120 thousand barrels per day within the OPEC + deal in June, Russia’s Energy Minister Alexander Novak said. Earlier, the International Energy Agency (IEA) raised its …

Date of Russia, EU, Ukraine meeting on gas revealed

Russia, the European Union and Ukraine are planning to hold a trilateral meeting on gas in Berlin on July 17, the Russian Energy Ministry said in a statement. The Russian delegation will be led by the country's energy minister …

Russia proposes oil output hike to OPEC+

Russia plans to propose increasing oil production by the OPEC+ deal members by 1.5 million barrels per day (bpd), the Russian Energy Minister Alexander Novak said. "The market is growing, (oil) demand is growing …