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Category: Russia

Rosneft, Gazprom Report Losses of 770 Billion Rubles

Rosneft and Gazprom, the two largest raw material exporters of Russia, reported on Friday record losses in their history, finanz.ru reports According to the results of…

Novatek’s Net Profit Falls by 34 Times

Net profit of Novatek according to international financial reporting standards (IFRS), attributable to shareholders, in January-September 2020 decreased 34 times compared to the same period…

Russia’s Crude Oil Exports Drop 8% In January-August

Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August, according to Russian federal customs data cited by local…

Lavrov: Russia Does Not Impose Its Gas on Anyone

Russia does not impose its gas on anyone, and talk about the dependence of European countries on it is aimed at sowing unfounded doubts, said…

OPEC+ Production Cuts Could Be Extended: Putin

Russia does not rule out the possibility that OPEC+ could extend its current 7.7 million barrels per day of production cuts into next year, according…

Nord Stream 2 Urgency Diminishes

Germany won’t need additional gas flows this season, giving Chancellor Angela Merkel and Russian President Vladimir Putin another reason to bide their time on the…

Transportation of Russian Gas to Europe via Turkish Stream Becomes Much More Expensive Than via Ukraine

In the first half of the year Bulgaria became the most expensive transit country for Gazprom. The Russian company paid for actual transit and for…

Russia’s Gazprom Boosts Natural Gas Supplies To China

Russia’s natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared…

Russia Sees Oil Above $50 in 2021

Russia sees oil prices averaging $50 to $55 a barrel in 2021 as the development of Covid-19 vaccines spurs an economic recovery, said Energy Minster…

Azerbaijan to Export 160 Thousand Tons of Oil through Russia in September

SOCAR (State Oil Company of Azerbaijan) plans to pump 160 thousand tons of oil through the Baku-Novorossiysk oil pipeline in September. SOCAR official representative Ibrahim…

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