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Oil production in Russia is stable, as companies have reconfigured their supply chains, Russian Deputy Prime Minister Alexander Novak said in an interview with Rossiya-24 TV channel. "In the oil industry, we [authorities] helped to …
Deputy Prime Minister of the Russian Federation Alexander Novak said that a decision on the creation of a gas hub in Türkiye is planned to be made next year. "Now Gazprom is actively working with Turkish colleagues (on the …
Rosatom has submitted documents to take part in a tender for constructing Saudi Arabia’s first nuclear power plant (NPP), Russian Deputy Prime Minister Alexander Novak revealed in an article for the Energy Policy magazine. …
Russian oil has been and will be in demand, while logistics chains will change, there is no tragedy in this, Russian Deputy Prime Minister Alexander Novak said on Tuesday. "Russian oil is in demand on global markets, oil will find …
Russia will not export its oil under the price cap, even if it has to cut production, Russian Deputy Prime Minister Alexander Novak said on Sunday. "We will sell oil and oil products to those countries, which will work with us on …
Uzbekistan is interested in creating a "tripartite gas union" with Russia and Kazakhstan, Russian Deputy Prime Minister Alexander Novak said. "We agreed to continue the conversation. We are prepared to expand gas supply …
Russia does not plan to supply oil or petroleum products to countries that will introduce the price cap, Russian Deputy Prime Minister Alexander Novak told reporters. "Russia confirms its status of a reliable energy supplier on the …
Russian Deputy Prime Minister Alexander Novak said that Iran-Russia bilateral trade turnover rose by 36.4% in the first eight months of 2022 to $3.3 bln. The countries have repeatedly declared the intention to deepen economic …
Russia is not interested in high gas prices because this leads to accelerated introduction of renewable energy sources, Deputy Prime Minister Alexander Novak said in an interview with the Anadolu Agency. "We do not want high prices …
Russia will not supply oil to countries attempting to limit the cost of its raw materials through various caps, Deputy Prime Minister Alexander Novak said during the Russian Energy Week forum. "It is unclear where this figure has …
Russia will invest $44 billion in Iran for the construction of a natural gas pipeline and the development of mines, Iranian Oil Minister Javad Owji said. "We have signed a $4bn memorandum of understanding with Russia …
Russia’s state petroleum company Gazprom is expected to finalize deals in the near future to develop six oilfields and two gas fields in Iran, Iranian deputy oil minister Ahmad Assadzadeh said. Assadzadeh, who heads international …
Russia hopes to sign a swap deal with Iran for oil and gas before the end of the year. "We're working on the technical details. The issues are transport, logistics, and the price, and tariff formation. That is, these are …
Russia and Turkey have partly converted payments for deliveries of Russian gas to rubles, Deputy Prime Minister of Russia Alexander Novak told reporters. "I can definitely comment that we have converted a portion of settlements to …
Russia is ready to start supplying gas over the undamaged string of the Nord Stream 2 gas pipeline within a short term if all required procedures are passed, Deputy Prime Minister Alexander Novak said. "Yes, deliveries [via the …
It is technically possible to repair Nord Stream 1 and Nord Stream 2 pipelines, though much time and funds will be needed, Russian Deputy Prime Minister Alexander Novak said in an interview with the host of the "Moscow. Kremlin. Putin" …
The Power of Siberia 2 gas pipeline may become an actual replacement for Russia's Nord Stream 2 gas pipeline, Deputy Prime Minister Alexander Novak said in an interview for the Rossiya-1 TV channel on Thursday. "Well, …
A meeting on the North-South Transport Corridor with the participation of representatives from Azerbaijan, Russia and Iran is being held in Baku. During this meeting issues on cooperation between three countries within the framework of …
First floated by U.S. Treasury Secretary Janet Yellen, the idea of capping Russian crude oil exports had a dual aim: keeping Russian oil flowing abroad, which would set a ceiling on prices, and at the same time reducing Russia’s oil …
The winter season in the Northern Hemisphere with many uncertain factors could lead to new price spikes in the market, Russian Deputy Prime Minister Alexander Novak told the "Moscow. Kremlin. Putin" program on the Rossiya-1 TV …
