Russian Energy Ministry

 Russia interested in energy renewal of Karabakh

Russia interested in energy renewal of Karabakh

Russian Energy Minister Nikolai Shulginov held a working meeting with his Azerbaijani counterpart Parviz Shahbazov, according to the website of the Russian ministry. The statement reads that the parties discussed topical issues of …

Novak: Russia positive on oil market situation

Novak: Russia positive on oil market situation

Russia sees the improvement in the oil market situation but risks are still present because of new coronavirus strains’ spread, Deputy Prime Minister Alexander Novak said in an interview with the Rossiya-24 TV Channel after the OPEC+ …

Export ban on some petrol types proposed in russia

Export ban on some petrol types proposed in russia

Russia's energy ministry has proposed banning exports of petrol, the ministry's press service reported on Monday citing Energy Minister Nikolai Shulginov. According to the sources, the ministry has proposed …

Pakistan Stream gas pipeline to be built before 2026

Pakistan Stream gas pipeline to be built before 2026

Completion of the Pakistan Stream gas pipeline construction is expected in 2025 in case of stable financing of the project, Energy Minister Nikolai Shulginov said on the sidelines of the St. Petersburg International Economic Forum on Friday. …

Russia's Cabinet to discuss gasoline export restrictions

Russia's Cabinet to discuss gasoline export restrictions

The Russian government will discuss a draft Cabinet resolution providing for restrictions of petroleum products export in exceptional cases to prevent the fuel price rally after May holidays, Russia's Energy Minister Nikolai Shulginov told …

Russia and Germany flag hydrogen cooperation

Russia and Germany flag hydrogen cooperation

Russian Deputy Prime Minister Alexander Novak said at the webcast meeting that Russia and Germany had agreed that it was important to implement joint projects in hydrogen energy, in comments shared by the Russian government online. He …

Novak: OPEC+ deal saves energy market

Novak: OPEC+ deal saves energy market

The OPEC+ deal on oil output cuts reached last year saved the global energy sector from a collapse and prevented oil prices from dropping below zero, Russian Deputy Prime Minister Alexander Novak said in an interview with RBC TV. …

Additional group of Russian rescuers arrives in Khankendi

Additional group of Russian rescuers arrives in Khankendi

The additional group of the Ministry of Emergency Situations of Russia arrived in Khankendi to provide support to the local population, the ministry’s operational group in Nagorno-Karabakh said, adding that representatives of the central …

Novak calls for strict OPEC+ deal compliance

Novak calls for strict OPEC+ deal compliance

The Organization of Petroleum Exporting Countries and allies including Russia - a group known as OPEC+ - should stick to full compliance of a deal to cut global oil production, Russian Energy Minister Alexander Novak said. In his …

Russian energy minister Novak tests positive for coronavirus

Russian energy minister Novak tests positive for coronavirus

Russian Energy Minister Alexander Novak has tested positive for the coronavirus, Prime Minister Mikhail Mishustin said at a meeting of the governmental commission on the social and economic development of the Far East, which took place in the …

Russian energy minister sees no hasty OPEC+ decisions this month

Russian energy minister sees no hasty OPEC+ decisions this month

Russian Energy Minister Alexander Novak does not expect any hasty decisions on output cuts when an OPEC+ group monitoring committee meets next week as the oil market has been stable. He also said there have been no additional proposals …

Russia's Novak says oil market is stable

Russia's Novak says oil market is stable

Russian Energy Minister Alexander Novak said that the global oil market is now balanced and stable following a sudden decline in demand due to the coronavirus pandemic. Speaking after a meeting of the OPEC+ group’s Joint …

Novak: oil market may become balanced in June or July

Novak: oil market may become balanced in June or July

The global oil market may become balanced at the end of June or in early July, Russian Energy Minister Alexander Novak said in an interview to Rossiya 24 television channel broadcast following a meeting of the OPEC+ Joint Ministerial Monitoring …

Russia expects global oil market shortage in July

Russia expects global oil market shortage in July

Russian Energy Minister Alexander Novak said that the global oil market could face a shortage of 3-5 million barrels per day (bpd) in July, depending on a deal to be reached by OPEC+ producers. According to the Russian minister, …