Russia | Egypt Oil & Gas - Part 22
Gulf OPEC Members to Raise Output in Case of Shortage
The Gulf members of the Organization of the Petroleum Exporting Countries (OPEC) plan to meet the oil market demand in case of a supply shortage, according to OPEC sources, Reuters reported. “The question is how fast ...
Russia Remains Undecided on OPEC Output Deal
Russia did not take its final decision on the production cut agreement led by the Organization of the Petroleum Exporting Countries (OPEC), Reuters reported. Russian Energy Minister, Alexander Novak said that it was t... Gazprom Sees OPEC-Led Deal Ending in H1 2019
Gazprom Neft, a subsidiary of the Russian giant Gazprom, expects the oil output cuts that are led by the Organization of Petroleum Exporting Countries (OPEC) and its allies to end in H1 2019, Reuters reported. Neverth... Russia to Raise Oil Output from June
Russia plans to change the supply deal with the Organization of the Petroleum Exporting Countries (OPEC) and increase its oil output upon meeting OPEC in June, Head of Russian Sovereign Wealth Fund RDIF, Kirill Dmitri... OPEC Struggles to Keep Russia Longer in Oil Cuts
Saudi Arabia struggles in persuading Russia to stay longer with the Organization of Petroleum Exporting Countries (OPEC)’s strategy of oil cuts, sources familiar with the topic said, Reuters reported. Moscow has respo... OPEC Mulling 1M b/d Oil Output Cut
Saudi Arabia, the biggest OPEC producer, is discussing a proposal to cut oil output by up to 1 million barrels per day (b/d) between OPEC and allies, two sources close to the discussion told Reuters on November 11. Th...
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 a 14.16% stake in Rosneft, the Russian oil giant announced on November 6, according to Reuters. The QIA will beco...
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 (via Reuters). He said it was a “very ambitious project,” and ...
