Alexander Novak | Egypt Oil & Gas

Novak: OPEC+ Set to Relax Oil Cuts As Planned

Russian Energy Minister Alexander Novak announced on 14 October that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a global spike in coronavirus cases.

Novak: 2020 Oil Demand Could Fall by 10 mmbbl/d

Russia’s Energy Minister, Alexander Novak, has predicted that global oil demand could fall by 9-10 million barrels per day (mmbbl/d) this year due to the impact of the COVID-19 pandemic.

Russia, Iran to Begin Oil-for-Goods Swaps

Russia and Iran are on track to implement an oil-for-goods trade agreement.

OPEC, Russia to Discuss Oil Output

The Energy ministers from Saudi Arabia, Iran, and Iraq will be among representatives of key member's of the Organization of the Petroleum Exporting Countries (OPEC) producers meeting with Russia for informal discussi ...

Zarubezhneft Leading the Way to Post-Sanction Iran

Russian Energy Minister Alexander Novak announced that Russia and Iran will implement joint mid-term projects worth between $35 b and $40 b

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