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.
Russia’s gas major Gazprom has started a feasibility study for its Power of Siberia-2 pipeline project.
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’s top producing oil region in Western Siberia is expected to cut production by 15% in line with the OPEC+ cuts.
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’s parliament has signed oil exploration deals with the Russian companies Mercury LLC and Velada LLC.
Russian President Vladimir Putin ensured that Russia is willing to cooperate with Saudi Arabia to bring stability to the global energy market.
The Saudi Oil Minister, Prince Abdulaziz bin Salman, discussed with the Minister of Economic Development of the Russian Federation, energy cooperation to stabilize the global energy market.
Saudi Arabia and Russia cooperate to bring “perpetual stability” in the global oil markets, Prince Abdul Aziz bin Salman, the Kingdom’s energy minister.
UAE Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Ahmed Al-Jaber discussed opportunities for collaboration with Russian Minister of Energy Alexander Novak.
The Organization of the Petroleum Exporting Countries (OPEC) may consider new metrics for the global oil output cuts.