Russian Energy Ministry

Russia earned $100 billion after OPEC+ deal

Russia has earned at least 6 trillion rubles after signing an agreement with OPEC+ countries due to oil price cuts, Russian Energy Minister Alexander Novak said. The deal increased the cost of crude oil by $10 per …

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Novak holds meeting with Turkish ambassador

  Russian Energy Minister Alexander Novak held a meeting with new Turkish ambassador to Russia Mehmet Samsar, the energy ministry said. The sides discussed the major energy projects of …

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Russia's coal export reach record highs

Russia's coal export exceeded 200 million tons in 2018, surpassing a Soviet record, Russian Deputy Minister of Energy Anatoly Yanovsky said. In late December of last year, Russian Energy Minister …

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Russia hits record gas output

Russia hit the record gas output of 733 billion cubic metres (bcm) in 2018, the Russian Energy Minister Aleksander Novak said. The gas output rose by 20 billion bpd (almost 10%) from 691.1 bcm in the last year, the …

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Russian companies to follow OPEC+ oil cut pledge

Russian oil companies will cut their output proportionally with an agreed total volume of 228,000 barrels per day, Russian Energy Minister Alexander Novak said. Russian companies confirmed their willingness to …

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 Novak: oil producers to keep monitoring prices for now

Russia's Energy Minister Alexander Novak said that oil producers who agreed a deal on cutting production will continue to monitor prices, indicating he does believe an emergency meeting between OPEC and other oil producers is …

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Novak to discuss OPEC + deal with oil companies

Russia's Energy Minister Alexander Novak said that he will meet representatives of Russian oil companies on December 19 to discuss the situation on the global oil market and their actions. The minister noted that …

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Putin and Novak discuss OPEC talks in Vienna

Russian President Vladimir Putin and the country's Energy Minister Alexander Novak held discussions prior to a meeting with the Organization of the Petroleum Exporting Countries in Vienna, a Kremlin …

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Russia to produce record amount of gas

Russia’s gas production is on track to exceed a record amount of  700 bln cubic meters in 2018, head of the Energy Ministry’s department of oil and gas production and transportation Alexander Gladkov said. …

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Oil future decided in Vienna

The OPEC/non-OPEC Joint Ministerial Monitoring Committee is expected to outline the guidelines for the overall oil output level in 2019 at the meeting in Vienna on December 5-7.

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 Novak: all comfortable with current oil prices

Russian Energy Minister Alexander Novak believes that producers and consumers were comfortable with current oil prices. "The spike up to $86 was short-term, largely driven by the Iran factor," he …

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