Alexander Novak

 Novak: Russia has room to raise oil output

Russia has not yet reached peak oil output and has room to raise it further, Energy Minister Alexander Novak said today on the sidelines of the Russian Energy Week forum. "We are expecting this year around 555 …

Novak: current high oil price is temporary

Current oil prices of between $70 and $80 per barrel were only temporary and were driven by sanctions, Russian Energy Minister Alexander Novak said. The minister added that the long-term price would stand at around …

Why does US Secretary of Energy visit Russia?

US Secretary of Energy Rick Perry is going to visit Moscow this week to hold negotiations with Alexander Novak, head of the Russian Ministry of Energy. In addition, he will probably hold talks with other Russian …

Price of Russian oil raised by 39%

Average price of Russia's Urals crude from January to August of 2018 raised by 39.2% compared to the same period of last year, amounting to $69.73 per barrel. In January-August of 2017, the average price of Urals amounted to …

Russia to set coal production record

Russia can top a soviet coal production record of 420 million tonnes in 2018, while investments may amount to 130 billion rubles a year, Russia's Energy Minister Alexander Novak said, speaking at a meeting with government officials and top managers of energy companies.