Novak: OPEC+ Set to Relax Oil Cuts As Planned

• Thursday, 15th October 2020
• by Editorial Team

Russian Energy Minister Alexander Novak announced that the Organization of Petroleum Exporting Countries and its Allies (OPEC+) group will start easing output curbs as planned despite a global spike in coronavirus cas...

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

• Sunday, 6th September 2020
• by Editorial Team

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, according to Reuters. This pre...

Russia, Iran to Begin Oil-for-Goods Swaps

• Thursday, 24th August 2017
• by Editorial Team

Russia and Iran are on track to implement an oil-for-goods trade agreement, the Russian news agency, TASS, reports. The Russian Energy Minister, Alexander Novak, told the press that the swaps could begin within a mont...

OPEC, Russia to Discuss Oil Output

• Sunday, 9th October 2016
• by Egypt Oil & Gas

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 discuss...

Zarubezhneft Leading the Way to Post-Sanction Iran

• Tuesday, 27th October 2015
• by Egypt Oil & Gas

Russian Energy Minister Alexander Novak announced that Russia and Iran will implement joint mid-term projects worth between $35 b and $40 b, reported California Daily News. “In my view from all of the agreements and d...