Russian Energy Ministry

 Novak on why oil price could fall to $30 per barrel

Russian Energy Minister Alexander Novak did not rule out that oil prices could fall to $30 per barrel due to overproduction, he said after the meeting of the Russian-Saudi intergovernmental commission on trade, economic and …

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Al-Falih assesses OPEC+ deal perspectives

Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih believes that the benefit of participation in OPEC+ is obvious. The minister noted that he met with the Russian President …

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Hungary joins Turkish Stream pipeline

Hungary intends to complete the expansion of its pipeline capacity for the Turkish Stream gas pipeline by the end of the year, Russian Minister of Energy Alexander Novak said on the sidelines of the St. Petersburg International …

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Novak: Nord Stream 2 being implemented on schedule

The Nord Stream 2 project is being implemented in accordance with the approved schedule, despite the US plans to impose sanctions on the gas pipeline, Russian Minister of Energy Alexander Novak said. "We have …

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New doctrine of Russia’s energy security approved

Russian President Vladimir Putin has approved a new doctrine of the country’s energy security, according to a relevant decree released on the official portal of legal information. The doctrine that was adopted in …

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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 …

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 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 …

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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 …

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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 …

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