Moscow, Riyadh, Astana confirm their commitment to reduce oil production
The commitment was confirmed by representatives of the three countries
Alexander Novak
Russia discusses oil market with Iraq and Saudi Arabia
During his trip to Baghdad, the Russian Deputy Prime Minister met with the Iraqi and Saudi Arabian Ministers of Energy. The meeting focused on the situation on the oil market
Novak explains how 21% rate affected inflation
The results of the increase in the key rate in Russia are already noticeable, Novak shared. The increase in the rate helped to bring down the growing inflation.
Novak: Moscow and Baku mull new projects on Caspian offshore zone
Russia and Azerbaijan are considering the possibility of implementing new joint projects, including in the offshore zone of the Caspian Sea, Russia's Deputy Prime Minister Alexander Novak said. "Basically, there …
Russia continues oil supplies to Hungary and Slovakia
Russia continues to supply supplies to Hungary and Slovakia. Moscow is interested in continuing supplies through the Druzhba. The Czech Republic has never abandoned Russian oil supplies either.
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 …
Russia-Turkey trade turnover remains at last year’s level
Trade turnover between Russia and Turkey in the first half of 2024 remained roughly at last year’s level of around $28 bln, Russian Deputy Prime Minister Alexander Novak said. "Regarding Turkey, for example, …
Russia, Azerbaijan deepen cooperation in oil, gas sector
According to Alexander Novak, Russia and Azerbaijan are preparing new joint projects in the oil and gas industry
Russian Deputy Prime Minister Alexander Novak speaks on investment boom in Caucasus
The Russian Deputy Prime Minister, Alexander Novak, said that the investment flow to the Caucasus regions from Russian financial institutions has increased. According to him, "they have turned their attention to the region".
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 …
Novak announces increased investment to North Caucasus Federal District
Russia's Deputy Prime Minister Alexander Novak said that 2023 was a period of economic growth for the North Caucasian …
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
The Iranian-Russian commission on economic cooperation was held in Tehran. The parties concluded 15 cooperation agreements in various fields.
Russia to launch satellite for Iran
Russian specialists have created a spacecraft for Iran, that will be sent into orbit tomorrow
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
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 …
Novak hopes Turkey gas hub begins operating in 2024
Russian Deputy Prime Minister Alexander Novak said that the gas hub in Turkey could start operating in 2024. "Today it is …
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
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 …
Russia and Iran to agree on free trade zone
An interstate agreement between Russia and Iran will be signed soon, an agreement on a free trade zone with the EAEU will be signed in December, …
