Russia to Decrease July Oil Exports After Rise in Domestic Demand
Russia is set to further reduce its overseas supply of Urals Crude oil in July due to an unexpected spike in domestic demand as COVID-19 restrictions ease.
Russia | Egypt Oil & Gas - Part 16
Saudi, Russia Agree to Extend Oil Cuts
Saudi Arabia and Russia have agreed to extend the existing oil cuts by another month and intend to ramp up pressure on non-compliant oil producing nations.
Gazprom Signs Long-term Gas Supply Contract with Greece
Russian State-run Gazprom has signed a decade-long contract to supply Greece with natural gas running from 2020 to 2030.
Russia’s Oil Production Nearing Compliance with OPEC+ Cuts
Russia’s oil production fell to between 8.59 - 8.69 million barrels per day (mmbbl/d) in May, nearing Moscow’s previous pledge of reducing production to 8.5 mmbbl/d.
Amur Gas Plant Project at 62% Completion
the Amur Gas Processing Plant (GPP) construction project, one of the largest infrastructure projects of the company in Russia's Far East, has reached 61.9% of its completion.
Gazprom Starts Work on Siberia-2 Pipeline
Russia’s gas major Gazprom has started a feasibility study for its Power of Siberia-2 pipeline project.
Saudi Arabia, Russia Cooperate Over Oil Market
Prince Abdulaziz bin Salman bin Abdulaziz, the Minister of Energy, and the Minister of Energy for the Russian Federation Alexander Novak are in constant contact on the developing oil market situation.
Russia to Curb Oil Production in Siberia by 15%
Russia’s top producing oil region in Western Siberia is expected to cut production by 15% in line with the OPEC+ cuts.
Saudi Arabia Ready for Long Term Cooperation with Russia
Saudi Arabia and Russia confirmed their commitment to implement the OPEC agreement of limiting production to 9.7 million barrels per day (mmbbl) for the coming two years.
Syria, Russia Sign Oil Exploration Deals
Syria’s parliament has signed oil exploration deals with the Russian companies Mercury LLC and Velada LLC.
