Russia | Egypt Oil & Gas - Part 28
Egypt to Sign Final Deal For Russian Industrial Zone by End 2017
Egypt and Russia will sign the final deal for the construction of the Russian industrial zone in the Suez Canal area before the end of 2017, Amwal Al Ghad reports. The announcement was made by Egypt’s Minister o...
OPEC, Russia: Production-Cut Agreement Working
After meeting last Friday in Vienna, ministers from OPEC and major, non-OPEC oil-producing countries, said their production-cut agreement had drawn down global oil stocks, Bloomberg reports. “The process is working fi...
Rosneft to Invest $1B in KRG Pipeline
Russian oil firm, Rosneft, will invest approximately $1 billion to develop natural gas pipelines in areas under the authority of the Kurdistan Regional Government (KRG), sources told Reuters. The new pipeline is meant...
Saudi Arabia, Russia Push Extension of Production Cuts
Saudi Arabia and Russia are advocating a three-month extension of January’s production-cut agreement, sources with knowledge of the proceedings told The Wall Street Journal. This extension would be the second extensio...
Russia, Iran to Begin Oil-for-Goods Swaps
Russia and Iran are on track to implement an oil-for-goods trade agreement, the Russian news agency, TASS, reports. The Russian Energy Minister, Alexander Novak, told the press that the swaps could begin within a mont...
Saudi Exports to China Rise in July
Saudi Arabian exports to China rose to nearly 946,000 barrels per day (d/b) during the month of July, a 3.7% increase from June, Bloomberg reports. With the higher exports, Saudi Arabia overtook Angola to become the s...
Russian, Turkish, Iranian Firms Sign MoU
Russia’s Zarubezhneft, Turkey’s Unit International, and Iran’s Ghadir Investment Company signed a memorandum of understand (MoU) for oil and gas development, the Iranian Mehr News Agency reports. Under the agreement, ...
OPEC will not Rush into Further Output Cuts
OPEC delegates said that OPEC will not rush into making a further cut in oil output or end some countries’ exemptions to output limits, although a meeting in Russia in July is likely to consider further steps to...
