Russian Gazprom is preparing to file lawsuits with an arbitration court against private Turkish gas importers after failing to agree with them on the gas price for 2017.
The Organization for Petroleum Exporting Countries (OPEC) could extend its oil output cuts to the end of 2017, provided other producers continue to cooperate on the deal.
Russian oil major Rosneft has concluded a deal with a company linked to Qatar and commodities trader Glencore to supply up to 55m tons of crude in total over a 5-year period.
Russian Rosneft may soon withdraw from its only project in Algeria, an exploration project which Russia’s oil giant considers to have doubtful prospects.
Oil and gas investment capacity between Iran and Russia are slated to reach $10b, while Gazprom Neft and National Iranian Oil Company (NIOC) signed MoU for feasibility studies on the development of Changouleh and Che ...
Oman and Russia have been named to the committee set up by OPEC to oversee the implementation of oil production cuts agreed upon by OPEC and non-OPEC nations.
Zambia has signed four memoranda of understanding (MoU) with Russia, which will enable the southern African country to develop nuclear technology for peaceful purposes.
The Turkish parliament approved an agreement regarding the TurkStream undersea gas pipeline, which is intended to pump Russian gas via Turkey into southeastern Europe.