Ecuador’s decision to withdraw from OPEC came as surprise to organization
Ecuador’s decision to leave OPEC, where it has been a member since 1973, came as a surprise to the organization, OPEC Secretary General Mohammed Barkindo said in an interview with TASS during the …
Russian energy minister says chances remain to lay Nord Stream 2 pipeline in Danish waters
Chances to lay the Nord Stream 2 gas pipeline in territorial waters of Denmark remain despite the actually expired period for review of the application, Russian Energy Minister Alexander Novak said on …
Nord Stream 2 does not yet need alternative routes bypassing Denmark
At the moment, there is no need to search for additional alternative routes for the Nord Stream 2 gas pipeline, there is a good chance to get a construction permit from Denmark, Head of OMV Rainer …
Business on blood or how much is Syrian oil?
According to the official reports, before the war in Syria broke out, the oil production to the east of Euphrates amounted to about 380,000 barrels per day ensuring the country’s financial …
Russian finance minister says Arctic LNG 2 project may be financed through NWF
The Arctic LNG 2 project being implemented by Russia’s gas producer Novatek, may be financed through the National Wealth Fund, First Deputy Prime Minister, Finance Minister Anton Siluanov said …
Gazprom working to preempt transit risks for Europe
In late August Nord Stream 2 AG, the operating company of the Nord Stream 2 project, reported that the construction of the gas pipeline's offshore part was completed by 75% of its total length. "A …
Russian energy minister confirms trilateral gas meeting with Ukraine, EU on Sept 19
Trilateral consultations between Russia, Ukraine and the European Union (EU) on the gas issue will be held on September 19, Russia’s Energy Minister Alexander Novak told reporters on Wednesday.
Shanghai Cooperation Organization stands against trade wars
The Shanghai Cooperation Organization (SCO) stands against trade wars and sanctions, SCO Secretary General Vladimir Norov told reporters on Thursday.
"We are against trade wars, this contradicts the …
Russian minister says private companies may be allowed to develop Arctic shale
Russia's Ministry of Natural Resources supports the idea of allowing private companies to develop Arctic shale but it is now impossible to assess whether they are interested in this with current oil …
Turkish president sets task to bring trade turnover with Russia to $100 bln
Turkish President Recep Tayyip Erdogan has set a task bring up trade turnover between Turkey and Russia to $100 bln.
"The trade turnover between our countries already exceeds $25 bln, but our task is …