Alexander Novak

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 …

Moscow and Baku discuss oil pipeline expansion

Moscow and Baku discuss oil pipeline expansion

Russia proposes to expand the Tikhoretsk-Baku pipeline and send up to 4 million tons of oil to Baku annually. Novak discussed this issue with the head of the Ministry of Energy of Azerbaijan.

Novak: attack on Israel to affect energy market

Novak: attack on Israel to affect energy market

The escalation of the situation in the Middle East may affect the global energy market, Russian Deputy Prime Minister Alexander Novak said. "We obviously discuss those issues. Any such events in the world may somehow …

Russia to cut oil export in September

Russia to cut oil export in September

Russia will cut oil exports by 300,000 barrels per day in September, Russia's Deputy Prime Minister Alexander Novak said on Thursday. "Within the efforts to ensure the oil market remains balanced Russia will …

Russia cuts oil exports

Russia cuts oil exports

Alexander Novak announced the reduction of Russian oil exports on a voluntary basis. According to him, it will be done to balance the oil market.

Russia to develop cooperation with Abkhazia, Novak says

Russia to develop cooperation with Abkhazia, Novak says

Russia is ready to help Abkhazia in the implementation of all projects and boosting the region's economy, Deputy Chairman of the Russian Government Alexander Novak said today at a meeting with the President of the Republic Aslan Bzhaniya

Russia to supply 87 mln tons of oil in 2023 to West

Russia to supply 87 mln tons of oil in 2023 to West

The West will receive 87 million tons of Russian oil this year, Russia's Deputy Prime Minister Alexander Novak said. "Only 87 million tonnes or 40% will be left of the 223 million tonnes of oil and oil …

Alexander Novak predicts oil reaching $80

Alexander Novak predicts oil reaching $80

Russian Deputy Prime Minister Alexander Novak said he expected Brent to be above $80 a barrel by the end of the year. Commenting on energy markets, Deputy PM said that Brent crude oil price will exceed $80 per barrel by …

Putin and Raisi pledged to complete "North-South"

Putin and Raisi pledged to complete "North-South"

Russian President Vladimir Putin and Iranian President Ebrahim Raisi are participating in the ceremony of signing an agreement on construction in the republic of the Rasht-Astara railroad section today. …

Russia and Iran considering setting up energy consortium

Russia and Iran considering setting up energy consortium

Russia and Iran are considering a proposal to set up an energy ‎consortium comprising the two countries’ companies to improve production from ‎their oil and gas resources, the Iranian oil minister’s special adviser and …

Russia's Novak to visit Iran - agency

Russia's Novak to visit Iran - agency

Russian Deputy Prime Minister Alexander Novak is expected to visit Iran on May 16, the Iranian news agency reported. According to the news agency, a high-ranking Russian delegation led by Novak will stay in Iran doe two days. The …

Russia cuts oil production at Europe's expense

Russia cuts oil production at Europe's expense

Russia currently reduces crude output by 500,000 barrels per day from the level of February 2023, Deputy Prime Minister Alexander Novak said, adding that monitoring will be conducted using independent sources. "The …