Sea part of Nord Stream 2 pipeline is 60% ready
The sea part of the Nord Stream 2 pipeline is ready by almost 60%, Oleg Aksyutin, Deputy CEO of the Russian gas holding said in an interview with the Rossiya 24 TV channel on Monday.
"The readiness …
Restoration of ancient Palmyra bas-reliefs begins in Syria’s Damascus
Experts from the National Museum of Damascus have begun restoration of ancient Palmyra bas-reliefs, partially destroyed by the militants of the Islamic State terrorist organization (IS, outlawed in …
US citizens may lose income due to ban on investment in Russian economy
The initiatives to introduce sanctions against investments in the Russian economy tabled in the United States may deprive US citizens of significant income, the Russian Foreign Ministry said on …
Russian energy minister says cooperation with UAE on hydrocarbons is "promising"
Russian Energy Minister Alexander Novak has discussed with CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Ahmed Al Jaber issues of bilateral cooperation in production of hydrocarbons and …
Oil transportation via Baku-Novorossiysk pipeline resumed
The Azerbaijan State Oil Company (SOCAR) has resumed oil transportation via the Baku-Novorossiysk pipeline, the head of the public relations SOCAR department Ibragim Akhmedov told TASS on …
OPEC + countries agree to extend deal; difficulties may arise with charter and fees
OPEC + countries have agreed to extend the transaction to reduce oil production until April 2020, difficulties in today's negotiations may arise with the charter and cash contributions of the …
Russia will consider OPEC's proposal on global oil reserves
Russia's Energy Ministry will consider OPEC's proposal on Tuesday to transfer the organization's goal for global reserves from 2013-2017 to 2010-2014 which should be reached as a result of cutting oil …
OPEC approves extension of deal on cutting oil production for 9 more months
The OPEC session has ended, and its member states agreed on extending the deal on cutting oil output for nine months starting from July, the Minister of Energy and Industry of the United Arab Emirates …
OPEC+ deal to be extended until April 2020 most probably
The most probable and the most discussed period for renewal of OPEC+ oil production capping deal is until April of the next year, a high-ranking source in the alliance told TASS on Monday.
Minsk will go to court if Moscow does not compensate lost profits from low-quality oil
Belarus reserves the right to go to court if Russia refuses to compensate for lost profits due to substandard oil, Deputy Prime Minister of Belarus Igor Lyashenko said on Friday.
"We see, obviously, …