Russia cannot be blamed for gas crisis in Europe, says ex-BP CEO Dudley
Russia cannot be blamed for gas crisis in Europe, Chairman of the Oil and Gas Climate Initiative (OGCI), ex-CEO of BP, Bob Dudley told TASS…
Russia may earn additional $50 bn from rising oil and gas prices
Oil and gas revenues of the Russian budget and extra-budgetary funds in 2021 may grow by almost 70% compared to the level of 2020 or…
Moldova interested in long-term contract with Gazprom, says Deputy PM
Andrei Spinu said that during his trip to Russia he was unable to discuss this issue with Gazprom CEO Alexei Miller, due to objective circumstances,…
Putin Looks To Limit Wealth Fund Spending
Russian President Vladimir Putin has ordered the government to decide whether it is viable to limit the spending of the Russian sovereign wealth fund in view of…
Price of AI-95 gasoline hits new record in Russia
The price of AI-95 gasoline at the Saint-Petersburg International Mercantile Exchange (SPIMEX) has once again hit a record, Report informs, citing foreign media. Today, the price for…
Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas
State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting…
Oil exports from Russia to non-CIS countries decreased by 9% in 7 months
Export of Russian oil to non-CIS countries in January-July 2021 amounted to 122.01 million tons, which is 9.1% less than in 2020, according to the…
“Rosstat” for the first time calculated the share of oil and gas in Russian GDP
“Rosstat” for the first time calculated the share of the oil and gas sector in Russia’s GDP – at the end of 2020, it amounted to 15.2% and…
Russia announced an increase in the volume of “green” generation
Russia will almost double the volume of “green” generation in three years, said Russian Prime Minister Mikhail Mishustin. “The energy sector is also developing, which…
The share of oil and gas revenues in the budget of the Russian Federation decreased to 30.5%
Receipt of income significantly exceeded the forecast. They rose to almost 5.3 trillion rubles, stated the head of the Cabinet of Ministers Mikhail Mishustin on…
Gazprom resumed supplies to Turkey via Blue Stream
The planned shutdown of the Blue Stream Black Sea gas pipeline from Russia to Turkey completed ahead of schedule, and gas supply resumed on May…
Russian government announced plans for the development of electric transport
The Ministry of Economic Development of the Russian Federation announced plans for the development of electric transport. Over the next nine years – until 2030,…
The Russian Federation has every opportunity to increase its share in the global petrochemical market up to 6-7%
Russia has every opportunity to increase its share in the global oil and gas chemistry market to 6-7%, Deputy Prime Minister Alexander Novak said. On…
Turkmenistan ranks second in oil transit through Russia
According to the results of four months of 2021, Turkmenistan retained the second place among the oil-exporting countries that supply raw materials to foreign markets…
Putin announced plans to expand activities in the Caspian region
Russia is implementing large energy projects in the Caspian region, there are also plans to expand economic activity, Russian President Vladimir Putin said at a…
LUKoil made a new discovery in the Caspian
LUKoil made a new discovery in the Caspian at the Titonskaya structure, hoping that in the coming years it will increase oil production, said the…
Official: Oil reserves in Russia to last for 58 years
At the current level of technology development, recoverable oil reserves in Russia will last for 58 years, Deputy Minister of Natural Resources and Ecology of…
Prospects of cooperation between Turkmenistan and Russia discussed in Moscow
The issues of bilateral cooperation in the political, diplomatic, trade, economic and humanitarian fields were discussed on Thursday in Moscow at the meetings that the…
SOCAR reveals oil export volume via Baku-Novorossiysk
The State Oil Company of Azerbaijan (SOCAR) exported 169,450 tons of oil via the Baku-Novorossiysk pipeline in the first quarter of 2021, reads the operational…
Russia cut oil, condensate production in February
In February, compared to a month earlier, oil and condensate production in Russia fell by 0.7% to 10,095,000 barrels per day, Report informs with reference…
Again, Like One Year Ago, Saudi Arabia, Russia Disagree on Quotas
Saudi Arabia contacted a number of OPEC+ countries on February 21 about the parameters of the deal in April As RIA Novosti was told by a source…
Bank of Russia raises forecast for average price of Urals oil for 2021
The Bank of Russia (the Russian Central Bank) has raised its forecast for the average annual price for Urals oil in 2021 to $50 per…
Russia plans to back another OPEC+ production hike in February
MOSCOW (Bloomberg) –Russia plans to support a further gradual increase in OPEC+ production at the next meeting in January, because crude prices are within an…
Russia to Soon Present Draft Agreement on Single Gas Market in EAEU
The Eurasian Economic Commission (EEC) expects to receive the proposals worked out by the Russian side on an international treaty on the formation of a…
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…
Gazprom Sees Profits Slump In H1 2020
Russia’s Gazprom reported an operating profit of $2.57 billion (189.99 billion rubles) for the first half of the year, down from $10.57 billion (780.88 billion rubles) a…
Russian Energy Minister: Global Oil Investment To Drop By One-Third
Global investment in oil is set to plunge by one-third this year due to the coronavirus and its effect on economies and oil demand, Russia’s…
Russian Sovereign Wealth Fund Speaks Out Against Further OPEC+ Cuts
The one-month extension to the deepest OPEC+ oil production cuts will be enough to speed up market rebalancing and there is no need to extend…
Gasoline Production At Russian Refineries Drops To 15-Year Low
Gasoline production at Russia’s oil refineries slumped to the lowest level in 15 years in May as the country curtailed crude oil production as part…