Russia | Egypt Oil & Gas - Part 17
Lukoil Seeks to Inaugurate New Oilfield Projects in Iraq
Russia’s state-run oil company, Lukoil PJSC, is looking to set up new oilfield projects in Iraq despite OPEC+ production cuts and a slump in oil demand, according to Bloomberg. Lukoil, who has a substantial presence i...
OPEC+ Warns of “Precarious” Oil Market
The Organization of Petroleum Exporting Countries and its allies (OPEC+) has warned that the state of the oil market is in a “precarious” position and has hinted towards a change of tack in regards to oil cuts, accord...
Novak: OPEC+ Set to Relax Oil Cuts As Planned
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...
Gazprom’s Gas Transit Via Ukraine Reaches 40 BCM in 2020
Gazprom, Russia’s state-owned gas company, has pumped 40 billion cubic meters (bcm) via Ukraine’s transmission system in 2020, according to Neftegaz. This totals two-thirds of the Russian gas volumes contracted for 2...
Russia Oil, Gas Production Exceeds OPEC Pact
Russian oil and gas production has edged to 9.93 million barrels per day (mmbbl/d) in September, slightly exceeding its Organization of Petroleum Exporting Countries and its allies (OPEC+) quota, according to Reuters....
Gazprom Supplies China with 2.3 bcm in 8 Months
Russia’s state-owned gas company, Gazprom, supplied 2.3 billion cubic meters (bcm) of natural gas to China via the Power of Siberia gas pipeline in January-August period of 2020, according to Russian news agency TASS.... 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, according to Reuters. This pre...
Gazprom’s Q2 Profits Halved YoY
Russia’s state-run gas giant Gazprom has announced a Q2 decline in net income by more than 50% year on year (YoY), according to a Reuters. The net income for the report ending June 30 stood at $2 billion. This, couple...
