Russia | Egypt Oil & Gas - Part 27
Oil Producers Considering Modified 9-Month Extension of Cuts
OPEC and its oil-producing allies are considering a modification of the proposed nine-month extension of the production-cut agreement, Reuters reports. A committee preparing recommendations for the oil producers float...
Russian Oil Minister: Natural Gas Could Face Price ‘Crisis’
A global glut of natural gas could result in a sharp drop in prices, the Russian Oil Minister, Alexander Novak, warned at the Gas Exporting Countries Forum (GECF), according to Reuters. Alluding to the oil-price crash...
Saudi Arabia, Russia Reach Framework for Extending Cuts
Russia and Saudi Arabia have agreed to a basic framework for extending the production-cut agreement, Bloomberg reports. Both countries now see the need to announce an extension of the agreement following the meeting o...
Saudi Arabia Pushes to Extend Cuts 9 Months but Doubts Linger
Saudi Arabia is pushing for an extension of the OPEC-led production-cut agreement by an additional nine months until the end of 2018, Reuters reports. “The Saudis are lobbying to have a decision in November for nine m...
Russia, Iran Sign Energy Agreements Worth $30B
During a state visit by Russian President Vladimir Putin to Iran, the two countries announced preliminary energy agreements worth $30 billion, the Financial Times reports. Russian energy companies signed six energy ag...
Russian-Egyptian Contracts for Dabaa Plant this Year
Contracts between Egypt and Russia for the Dabaa nuclear plant should be finalized by the end of 2017, according to the Minister of Electricity, Mohamed Shaker, Amwal Al Ghad reports. Earlier this week, the minister s...
Russian Minister: To Soon to Decide on Production-Cut Extension
The Russian Energy Minister, Alexander Novak, said it was too early to make a decision on extending production cuts past next March, Reuters reports. OPEC is expected to discuss an extension of its production-cut agre...
Russia, Saudi Arabia to Discuss Markets, Production-Cut Deal
Russian and Saudi ministers will meet early next month to discuss global oil markets and the future of the production-cut agreement, the Russian Energy Minister, Alexander Novak, said, according to Reuters. “This does...
