Qatar to Pay $4.23B for Stake in Russia’s Rosneft
The Qatar Investment Authority (QIA) sovereign wealth fund will pay roughly $4.23 billion for a half of 14.16% stake in Rosneft, the Russian oil giant announced on November 6.
Russia | Egypt Oil & Gas - Part 20
Saudi Arabia Looks to Acquire 30% of Novatek Arctic LNG Project
Saudi Arabia aims to acquire 30% of Russia’s Novatek Arctic LNG project, Saudi Energy Minister Khalid al-Falih told Ekhbariya TV on October 25.
Russia to Provide $45B Loan for Dabaa Nuclear Plant
Russian President Vladimir Putin has announced a loan to Egypt in order to finance the construction of Egypt's Dabaa nuclear power plant, which will be constructed by Russia's State Atomic Energy Corporation (Rosa ...
Iran, Russia Agree to Increase Output by 1M b/d
Iran and Russia have reached a deal to increase oil production by 1 million barrels per day (b/d) through joint efforts.
Traders Eye $100 WTI Ahead of Iran Sanctions
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week.
OPEC-led Group Able to Cover Supply Shortage: Russian Energy Minister
Russian energy minister Alexander Novak has expressed confidence that the OPEC-led group of crude exporters are capable of covering potential supply shortages.
Mubadala, Gazprom Neft, RDIF Create JV for Siberia Oilfield Development
Mubadala Petroleum, Gazprom Neft, and the Russian Direct Investment Fund (RDIF) have agreed to set up a joint venture (JV) to develop oilfields in Siberia.
Aramco, Lomonosov MSU Sign Collaborative Agreement
Saudi Aramco Upstream Technology Company (SAUTC), subsidiary of Saudi Aramco, has signed an memorandum of understanding (MoU) with Russian Lomonosov Moscow State University (MSU) for joint research focusing primar ...
OPEC Supply Cuts: Oil Production 9% Lower than Agreed
Signatories to the OPEC non-OPEC supply cut agreement reduced production in July by 9% more than agreed, according to an official committee.
Russian Petroleum Exports to Egypt Increase by 84%
Egypt imported $481 million of oil and gas products from Russia in the first six months of 2018, an 84% increase from the same period in 2017.
