Alexander Novak

Alexander Novak
The Minister of Energy of Russia
 

Russia-OPEC: two months before dialogue

Russia-OPEC: two months before dialogue

Russia Needs Data on Oil Supply, Markets to Decide on More Cuts

 Novak reveals huge Russia#039s hydrocarbon reserve

Novak reveals huge Russia's hydrocarbon reserve

Russian Energy Minister Alexander Novak said that the Arctic is a future of Russia's oil and gas production. "The Arctic shelf is a huge hydrocarbon reserve that possesses billions of tons of oil and tens of …

Novak: Russia to receive additional $26 bln

Novak: Russia to receive additional $26 bln

Russia's budget in 2017 may receive additional revenues of some 1.5 trillion rubles ($25.9 billion) if global oil prices stand at the range of $50-$60 per barrel, the Russian Energy Minister Alexander Novak said. …

Novak: OPEC and non-OPEC compliance on production cuts at 93%

Novak: OPEC and non-OPEC compliance on production cuts at 93%

As of February, OPEC members and countries outside of the cartel cut their oil production by 93% of the planned level, Russian Energy Minister Alexander Novak said. He explained that the monitoring committee is …

Iran to pay oil for Russian goods

Iran to pay oil for Russian goods

Iran is ready to make an agreement on supplies of 100,000 barrels of crude oil per day to Russia within the next 10-15 days, Iran’s Minister of Communications and Information Technology Mahmoud Vaezi said at a meeting with …

Russia#039s Novak to meet with Iran#039s Vaezi

Russia's Novak to meet with Iran's Vaezi

The Russian Energy Minister Alexander Novak will hold a meeting with the Iranian information and communications technology minister Mahmoud Vaezi in Moscow, the Russian Energy Ministry spokeswoman …

Kremlin on Putin#039s meting with new ExxonMobil CEO

Kremlin on Putin's meting with new ExxonMobil CEO

Russian President Vladimir Putin met new Exxon Mobil chief executive officer Darren Woods on Thursday, the Kremlin spokesman Dmitry Peskov said. Russia's energy minister, …

Russian, Turkish Energy Ministers to discuss Turkish Stream and Akkuyu

Russian, Turkish Energy Ministers to discuss Turkish Stream and Akkuyu

Turkish Energy Minister Berat Albayrak will hold meeting Russian Energy Minister Alexander Novak in Moscow on March 10, he said during the CERAWEEK oil conference in Houston. "On Friday, in Moscow, …

 Secretary General: Russia supports OPEC

Secretary General: Russia supports OPEC

The Organization of the Petroleum Exporting Countries (OPEC) received enough support from Russia despite the fact that it has no plans to join the cartel, OPEC Secretary General Mohammad Barkindo said. "I think he …

Novak: Russian oil and gas sector grows despite US sanctions

Novak: Russian oil and gas sector grows despite US sanctions

Russia's oil and gas sector has grown despite sanctions imposed by the United States and the European Union, Russian Energy Minister Aleksandr Novak said. "Despite the sanctions that were imposed on a number of …

Russia#039s Novak to meet with OPEC Secretary-General

Russia's Novak to meet with OPEC Secretary-General

Russian Energy Minister Alexander Novak will meet with OPEC Secretary-General Mohammad Sanusi Barkindo on the margins of the CERAWeek conference in Houston. "I think we will certainly meet on …

Russia and Iran in talks over oil-for-goods swaps

Russia and Iran in talks over oil-for-goods swaps

Russian Energy Minister Alexander Novak said that Russia is negotiating the issue of daily purchases of 100,000 barrels of oil from Iran. "Currently those issues are being negotiated," he said, adding …

 Iran to purchase Russia#039s Sukhoi Superjet 100

Iran to purchase Russia's Sukhoi Superjet 100

Iran has expressed an interest in purchasing 12 Russian Sukhoi Superjet 100 (SSJ100) airliners, Russia's Minister of Energy, Alexander Novak, said. "Iran is interested in acquiring 12 Sukhoi Superjet 100 planes …

Russia to Buy Iranian Crude Oil

Russia to Buy Iranian Crude Oil

Tehran and Moscow are close to signing an agreement for the export of 100,000 barrels per day of Iranian oil to Russia, Oil Minister Bijan Namdar Zanganeh said on Tuesday. "The two sides will seal an agreement on oil export to …

Iran to present oil and gas contracts in Russia

Iran to present oil and gas contracts in Russia

The Iranian delegation will arrive in Russia to present the conditions of oil and gas contracts to Russian companies -the Russia Energy Minister Alexander Novak said following his talks with the Iranian Oil Minister Bijan …

Iran ready to buy Superjet-100 Russian aircraft

Iran ready to buy Superjet-100 Russian aircraft

Iran has confirmed intention to purchase 12 Superjet-100 Russian aircraft in the near future, the Russian Energy Minister Alexander Novak said in an interview with Rossiya 24 TV channel. "It was confirmed that Iran …

Russia and Iran start construction of TPP in Hormozgan

Russia and Iran start construction of TPP in Hormozgan

Russia and Iran started construction of a thermal power plant 'Sirik' in the southern Iranian province of Hormozgan - the ceremony of laying the first stone will be held today. The event will be attended by the Russian Energy …

High-ranking Russian officials due in Iran in coming weeks

High-ranking Russian officials due in Iran in coming weeks

A number of senior Russian officials, including First Deputy Prime Minister Igor Shuvalov and Energy Minister Alexander Novak, plan to make separate visits to Iran in coming weeks to discuss topics of mutual …

Oil creeps higher In response to new US sanctions on Iran

Oil creeps higher In response to new US sanctions on Iran

The package of sanctions was formulated in a way that would not violate the 2015 Iran nuclear deal

Novak notes efficiency of oil production cuts deals

Novak notes efficiency of oil production cuts deals

Russian Energy Minister Alexander Novak on Wednesday said that the agreements on oil production cuts were efficient and that Russian companies were reducing oil output voluntarily, with production cuts amounting to 117,000 …

Will Russia and US return to dialogue on energy?

Will Russia and US return to dialogue on energy?

Russia and the US should return to the dialogue on energy both countries enjoyed in 2014 before the US and European sanctions, Russia's energy minister Alexander Novak said, speaking to CNBC in Vienna. …

Russia and Kuwait discuss cooperation in energy sector

Russia and Kuwait discuss cooperation in energy sector

Russia and Kuwait discussed possible construction of a nuclear power plant, as well as cooperation in the spheres of petroleum services and gas, the Russian Energy Minister Alexander Novak said in an interview with the Rossiya-24 …

OPEC, Russia ‘ahead of schedule’ on oil output cuts

OPEC, Russia ‘ahead of schedule’ on oil output cuts

OPEC and Russian oil ministers say they are going faster and doing better than expected in their efforts to cut oil production and boost prices, RadioFreeEurope/RadioLiberty reports. “We are ahead of schedule and we will …

Russia reduces oil output by 100,000 barrels per day under initial deal

Russia reduces oil output by 100,000 barrels per day under initial deal

Russia has reduced oil production by 100,000 barrels per day (BPD) in accordance with OPEC deal, and is ready to do everything possible to maximize its participation in the implementation of the agreement, …

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