Russia | Egypt Oil & Gas - Part 26
Saudi Arabia Offsets OPEC Cuts with Record Fuel Exports
Saudi Arabia exported a record amount of gasoline and diesel in January 2018, helping the kingdom to offset the crude production cuts mandated by OPEC, Bloomberg reported. Data released by the Joint Organizations Data...
Russia, Iran Sign $740 M Development Agreement
The Iranian state run oil company NIOC signed an Iranian Petroleum Contract (IPC) worth $740 million with a Russian-Iranian consortium on March 14th, to develop two oil fields near the Iraqi border, Kallanish Energy r... Russia to Work on Iranian Oil Fields
Russian oil firms may sign deals with Iran by March 21st which would enable them to work on Iranian oilfields, said Alexander Novak, Russia’s Energy Minister, according to Reuters. Iran is willing to sell crude oil to...
Saudi Arabia, Russia Increase Energy Cooperation
Saudi Arabia and Russia are continuing to strengthen their relations in the energy sector, according to a report published by Oil Price. The report reveals that Russia has offered to support Saudi Crown Prince Mohamme...
OPEC, Russia Renegotiate Production Cut Agreement
Russia will withdraw from the production cut agreement with Organization of the Petroleum Exporting Countries (OPEC) if oil prices remain at $70 per barrel for six months, stated Vagit Alekperov, Russian Lukoil’s CEO,...
Russia, Saudi Arabia, Iraq Top Crude Suppliers to China in November
Russia, Saudi Arabia, and Iraq were the top crude suppliers for China’s domestic market in November, Reuters reports. China imported 1.26 million barrels per day (b/d) of Russian crude, 1.056 million b/d of Saudi Arab...
Putin Lauds Rosneft’s Work in Iraqi Kurdistan
Russian President Vladimir Putin lauded the work of the Russian energy company, Rosneft, in the semiautonomous Kurdish region in northern Iraq, Reuters reports. “We presume that there is no reason why we should not de...
Gazprom Signs MoUs with Iran
Gazprom signed two memoranda of understanding (MoU) with Iran for the development of Iran’s natural gas assets, Xinhua reports. The Russian oil company signed the MoUs with the National Iranian Oil Company (NIOC) and ...
