Russia has sufficient fuel reserves - Novak
Sufficient fuel volumes have now been secured in Russia to supply the domestic market, Russia's Deputy Prime Minister Alexander Novak said.
Alexander Novak
Novak gives instructions to ensure priority fuel supplies
The latest meeting on the fuel market situation held by Russia's Deputy Prime Minister Alexander Novak focused on organizing fuel supplies within the framework of northern deliveries, the government's press service said.
Novak urges to prepare action plan to maintain Russian fuel market
Russia' Deputy Prime Minister Alexander Novak instructed officials to prepare a balanced action plan for fuel supply in its domestic market.
Novak comments on situation with fuel prices at Russia's gas stations
The situation in the domestic fuel market remains stable, with prices at gas stations of vertically integrated companies and most stations rising in line with inflation, Russian Deputy Prime Minister Alexander Novak said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
Deep crisis seen on global oil market - Novak
The global oil market is experiencing a deep crisis, with large volumes of oil not reaching the market, Russian Deputy Prime Minister Alexander Novak said.
Moscow confirms halt of Kazakh oil supplies through Druzhba pipeline
The volumes of Kazakh oil earlier transported to Germany over the Druzhba oil pipeline will go to other destinations from May 1, Russian Deputy Prime Minister Alexander Novak said.
Russian LNG in demand amid shortages due to Iran war - Novak
Russian liquefied natural gas (LNG) is in demand on global markets amid gas shortages due to the Middle East conflict, Russian Deputy Prime Minister Alexander Novak said.
Russia to ban gasoline exports soon
Russian Deputy Prime Minister Alexander Novak on Friday instructed the energy ministry to draft a resolution banning gasoline exports from April 1, the Russian government said.
Novak declares worst energy crisis in 40 years
According to Deputy Prime Minister Alexander Novak, the global energy sector is currently experiencing its worst crisis in several decades.
Russian GDP growth expected to be 1 percent in 2025 - Novak
The Russian economy grew 1% in 2025 according to preliminary data, Russia's Deputy Prime Minister Alexander Novak said at a meeting of the Federation Council's Economic Policy Committee.
Novak notes high volatility on oil market amid Iran situation
The OPEC+ nations have noted the high oil market volatility amid the geopolitical tensions stemming from the development around Venezuela and Iran, Russian Deputy Prime Minister Alexander Novak said.
Russia to increase oil production to 3.8 bln barrels per year
Russia's annual oil production will increase in the medium term to 540 million tons per year, or 3.8 billion barrels per year, or 10.35 million barrels per day, Russia's Deputy Prime Minister Alexander Novak said.
Novak announces Russian inflation rate for 2025
Inflation slowed to 0.42% in November, while in October, price growth amounted to 0.5%
Gazprom discussing extension of gas contracts with Turkey
Gazprom is discussing gas contracts with its Turkish partners and the possibility of extending them into next year, Russian Deputy Prime Minister Alexander Novak said.
Russia preparing for nuclear plant tender in Saudi Arabia
The Russian state nuclear corporation Rosatom is currently preparing tender documents for a nuclear power plant in Saudi Arabia, Russian Deputy Prime Minister Alexander Novak said.
Novak: Russia offers Saudi Arabia energy cooperation
Russia is prepared to offer Saudi Arabia its products and technologies in the field of oil and gas equipment, metallurgy, and a number of other industries, Russian Deputy Prime Minister …
Russia ready to maintain stability in global oil market
The global oil market remains sensitive to demand-supply fluctuations and OPEC+ nations will take additional measures to maintain its stability, Russian Deputy Prime Minister Alexander Novak said.
Shahin Mustafayev and Alexander Novak meet in Baku
Azerbaijan's Deputy Prime Minister Shahin Mustafayev met with Russia's Deputy Chairman Alexander Novak on November 26 in Baku, the Azerbaijani Cabinet of Ministers reported.
Russia warns of risk of oil shortage
Russia sees global oil demand increasing, and in 2025 it is expected to reach 104.6 mln barrels per day, but in 2024, it amounted to roughly 1.3 mln barrels per day, Russian Deputy Prime Minister Alexander Novak said at the 7th Russia-China Energy Business Forum in Beijing.
Russia may develop 22 oil fields in Tajikistan
Russia may initiate development of 22 new oil fields in Tajikistan, following discussions between Russian Deputy Prime Minister Alexander Novak and Tajik Energy Minister Daler Juma.
