Russian gas and oil

 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 …

Oil prices are entering a bearish trend despite supply deal

Oil prices are entering a bearish trend despite supply deal

Oil prices have entered a bearish trend despite short-term bounces, supply cuts and improved demand estimates

Europe to say #039yes#039 to Nord Stream 2

Europe to say 'yes' to Nord Stream 2

European Commission President Jean-Claude Juncker will likely approve the Nord Stream 2 pipeline project: the decision could be announced after Germany’s general elections in September. "EU officials …

Russian-Turkish cooperation on Akkuyu to last 100 years

Russian-Turkish cooperation on Akkuyu to last 100 years

Cooperation on the Akkuyu nuclear power plant will link Russia and Turkey in the nuclear sphere for the next hundred years, the first deputy head of Rosatom State Corporation Kirill Komarov said at the Russian-Turkish …

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 …

Lukoil interested in Middle East

Lukoil interested in Middle East

Lukoil's Middle East head sees oil at $55-$65 a barrel on cuts

 Russia lost $26 billion on oil and gas exports

Russia lost $26 billion on oil and gas exports

Russia is making less money on oil and gas exports, according to the data published today by the Federal Customs Service. In 2016, the revenues from oil and gas exports declined by 17.7% (compared to 2015) and amounted to $73.676 billion. …

Putin ratifies Turkish Stream deal

Putin ratifies Turkish Stream deal

Russian President Vladimir Putin ratified deal with Turkey on TurkStream natural gas pipeline project on Tuesday, Daily Sabah reports. The upper house of Russian Parliament, the Federation Council of Russia, previously …

Dvorkovich on results of gas and oil talks with Minsk

Dvorkovich on results of gas and oil talks with Minsk

Moscow still expects Minsk to repay its gas debt, though there is no progress in the talks on issues related to gas and oil between the two countries, Russia’s Deputy Prime Minister Arkady Dvorkovich said. …

Turkey increasingly important oil, natural gas transit hub

Turkey increasingly important oil, natural gas transit hub

It has avoided lasting economic stagnation

Market factors give boost to oil prices

Market factors give boost to oil prices

Underlying supply-side strains increase as oil markets recover

Export duty for Russian oil increases

Export duty for Russian oil increases

The export duty for Russian oil has increased by $10.4 to $89.5 on February 1 from $79.1 per ton, the Russian Ministry of Economic Development said. The export duty for heavy oil has grown from $12 per ton in January to $13.9 per ton …

Oil Steady But US Drilling Weakens OPEC Deal

Oil Steady But US Drilling Weakens OPEC Deal

The world's oil producers are trying to comply with a deal to pump less in an attempt to prop up prices

Russia Becomes One Big Money Magnet

Russia Becomes One Big Money Magnet

Moscow reported the most inflows of foreign portfolio money than any other global emerging market fund

Russian State Duma ratifies agreement on Turkish Stream

Russian State Duma ratifies agreement on Turkish Stream

Russia’s State Duma has approved ratification of the agreement between Russia and Turkey on construction of two lines of the Turkish Stream pipeline. The agreement was signed in Istanbul on October 10, 2016 and approved at the …

OPEC Sees Russia Delivering Cuts

OPEC Sees Russia Delivering Cuts

While Its Own Output Declines

State Duma Committee recommends to ratify Turkish Stream agreement

State Duma Committee recommends to ratify Turkish Stream agreement

The International Affairs Committee of Russian State Duma has recommended to adopt the draft law on ratification of the agreement between Moscow and Ankara on the Turkish Stream pipeline project. Lower house of parliament will discuss …

Georgia and Gazprom drawn line under era

Georgia and Gazprom drawn line under era

Tbilisi has not yet been freed from the 'phobia of gas' due to a possible lack of energy

Russia to start paying Georgia financial compensation for gas transit

Russia to start paying Georgia financial compensation for gas transit

Russia's Gazprom and the Georgian Energy Ministry reached an agreement, according to which Georgia will shift to a system of financial compensation for the transit of Russian gas into Armenia, the Georgian Deputy Prime Minister, Energy …

Gazprom Export offers Georgia package proposal on gas transportation to Armenia

Gazprom Export offers Georgia package proposal on gas transportation to Armenia

A regular meeting of the General Director of OOO Gazprom Export Elena Burmistrova and Georgia’s Energy Minister Kakha Kaladze took place in Minsk on January 10. Gazprom Export has offered a guaranteed …

Gazprom and Georgia to discuss gas transit to Armenia

Gazprom and Georgia to discuss gas transit to Armenia

Georgian Deputy Prime Minister, Energy Minister Kakha Kaladze will meet with the management of Gazprom Export to discuss the conditions for the transit of Russian natural gas to Armenia in 2017. "We have a position …

Russian gas flows to Europe, Turkey break new records

Russian gas flows to Europe, Turkey break new records

Cold weather across Europe triggers increased demand for Gazprom gas

Oil Prices Fall On Concerns Of Rising US Production

Oil Prices Fall On Concerns Of Rising US Production

Most analysts see tighter-than-previously-envisaged balances for 2017

Gazprom#039s 2016 non-CIS gas exports set record

Gazprom's 2016 non-CIS gas exports set record

Russia's Gazprom energy company set an industry record of 179.3 billion cubic meters of gas exported to non-CIS countries in 2016, Gazprom CEO Alexey Miller said. The 12.5% year-on-year increase is equivalent to …

Russia may cut oil supplies to Belarus - media

Russia may cut oil supplies to Belarus - media

Russia is planning to curtail oil supplies to Belarus in the first quarter of 2017 from 4.5 mln tonnes to 4 mln tonnes after the sides failed to hammer out a solution to the gas dispute at the end of 2016, Kommersant writes on Monday citing …

Crimea receives first gas from Kuban

Crimea receives first gas from Kuban

Gas from Krasnodar Territory has finally arrived to Crimea through a new gas pipeline, the pipeline will work normally in the near future, member of the State Duma Committee on Energy, former First Deputy Prime Minister of Crimea …

Russian oil output in 2016 sets record high

Russian oil output in 2016 sets record high

Russian oil and gas condensate production increased in 2016 by 2.5% and reached 547.499 tonnes, or 10.96 million bpd, up from 10.72 million in 2015.  December stood unchanged at 11.21 million barrels per day (bpd), flat month …

Gazprom to grant €310 mln for Turkish Stream construction

Gazprom to grant €310 mln for Turkish Stream construction

Board of Directors of Gazprom has approved a 310 million euros loan to South Stream Transport B.V. to finance the construction of the Turkish Stream gas pipeline, Gazprom said in a statement. The loan will be granted for 3.5 …

Gazprom to start LNG deliveries to Kazakhstan this year

Gazprom to start LNG deliveries to Kazakhstan this year

Russia for the first time in the history will supply low-tonnage liquefied natural gas to Kazakhstan. The corresponding contract was signed between 'Gazprom export' and 'Global Gas Regazification', the press service of the …

NCFD responsible for half of debts for consumed gas in Russia

NCFD responsible for half of debts for consumed gas in Russia

Situation with fuel and energy sector in the district remains complex due to accumulated debts