Alexander Novak

Alexander Novak urges to invest in North Caucasus

Alexander Novak urges to invest in North Caucasus

Investment in 35 largest projects in the North Caucasus currently stands at 1.7 trillion rubles ($19 bln), Russian Deputy Prime Minister Alexander Novak said on the sidelines of the Caucasus Investment Forum. "As of …

OPEC+ members extend oil production cuts into 2025

OPEC+ members extend oil production cuts into 2025

OPEC+ agreed to extend most of its deep oil output cuts well into 2025, according to the statement of the OPEC and non-OPEC Ministerial Meeting released on Sunday. OPEC+ members are currently cutting output by a total of 5.86 million …

Russia to cut oil production by nearly 0.5 mln bpd

Russia to cut oil production by nearly 0.5 mln bpd

Russia plans to cut its oil production and export by an average of 471,000 barrels a day in the second quarter of 2024 as part of its voluntary commitments under the OPEC+ deal, Russian Deputy Prime Minister Alexander Novak said. …

Russia and Iran expand cooperation

Russia and Iran expand cooperation

The Iranian-Russian commission on economic cooperation was held in Tehran. The parties concluded 15 cooperation agreements in various fields.

Russia to ban gasoline exports from March 1

Russia to ban gasoline exports from March 1

The Russian government plans to introduce a temporary ban on gasoline exports from March 1 to level up growing demand in spring and summer seasons, a spokesman of …

Russia and Türkiye to agree on gas hub in month

Russia and Türkiye to agree on gas hub in month

Türkiye plans to start negotiations with the Russian government on the project of the gas hub in Turkey in a month - in early February at the latest, the Russian media reported. Earlier, Russia's Deputy Prime Minister Alexander …

What oil market anticipating in 2024?

What oil market anticipating in 2024?

Russian Deputy Prime Minister Alexander Novak expects the Brent oil price at $80-$85 per barrel next year, broadly in line with current levels.. He told Rossiya-24 state TV that Russia expects that the export of oil and petroleum …

Russia and China to expand energy resources trade

Russia and China to expand energy resources trade

China will contribute to enhancing the resilience of energy supply chains jointly with Russia and help propel the bilateral strategic partnership in a new era, vice premier of the State Council of the People’s Republic of China Ding …

Moscow, Baku duscuss oil refining

Moscow, Baku duscuss oil refining

Russian oil may be processed by Azerbaijani oil refineries. A preliminary agreement was reached during the negotiations by Russian Deputy Prime Minister Alexander Novak and the head of the Azerbaijani Ministry of Economy, Mikail Jabbarov

Gas hub in Iran: Gazprom to explore issue

Gas hub in Iran: Gazprom to explore issue

Gazprom will explore the issue of potentially creating a gas hub in Iran, Russian Deputy Prime Minister Alexander Novak said, adding that Moscow will participate in the project if it turns potentially good. "I think …