Russia | Egypt Oil & Gas - Part 19

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, according to Reuters.  Under the OPEC+ agreem...

Amur Gas Plant Project at 62% Completion

The Gazprom’s 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, according to Neftegaz.  At...

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, according to Reuters. Power of Siberia-2 pipeline is a project that would pump up to a yearly 50 billion cubic me...

Saudi Arabia, Russia Cooperate Over Oil Market

Prince Abdulaziz bin Salman bin Abdulaziz, the Minister of Energy, and Alexander Novak, the Minister of Energy for the Russian Federation, discussed in a phone call the new developments of the oil market situation, ac...

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, according to Reuters.  Sergei Filatov, head of the regional government’s natural resources departm...

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/d) for the coming two years, according to Saudi Press Agency. The deal re...

Syria, Russia Sign Oil Exploration Deals

Syria’s parliament has signed oil exploration deals with the Russian companies Mercury LLC and Velada LLC, according to Reuters. It is worth noting that the deals cover exploration and production (E&P) activities ...

Saudi Arabia, Russia to Bring Energy Market Stability: Putin

Russian President Vladimir Putin ensured that Russia is willing to cooperate with Saudi Arabia to bring stability to the global energy market, Putin said during an interview with Al Arabiya TV. Putin revealed that the...

Saudi Arabia, Russia Confer Energy Cooperation

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 state news agency (SP...

Saudi Arabia, Russia Brings Stability to Oil Market

Saudi Arabia and Russia cooperate to bring “perpetual stability” to the global oil markets, Prince Abdul Aziz bin Salman, the Kingdom’s energy minister, said in the Russian Energy Week summit in Moscow, according to R...

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