Russia | Egypt Oil & Gas - Part 34
Russia’s Lukoil, Gazprom to Develop Iran’s Oil Fields
Russia’s Ambassador to Tehran, Levan Dzhagaryan, stated that his country is considering to form a consortium to take up development projects in Iran’s oil and gas sectors with the participation of Russia’s bigge...
Rosneft Receives Payment for First LNG Cargo to Egypt
Egypt has paid $15.6m for its first ever supply of liquefied natural gas (LNG) from Russian state-owned oil company Rosneft delivered to the country in May 2016, Tass Russian News Agency reported. The volume of 0.06mt...
Iran, Russia Compete over Indian Refinery Supply
India’s Essar Oil Ltd, the country’s largest refiner, expects to lower crude purchases from Iran after shipments from OAO Rosneft begin once the Russian state producer completes a deal to buy a 49% stake in the ...
Russia to Invest $20b in Venezuelan Oil
Russian energy giant Rosneft’s CEO, Igor Sechin, met with the President of Petroleos de Venezuela, S.A. (PDVSA), Eulogio Del Pinothe, and the leadership of the country to discuss four cooperation agreements wort...
Russia Relunctant to Renew Output Freeze Talks
Russia sees no need for renewing discussion of an oil-output freeze at current crude prices, while leaving open the possibility for future talks with the Saudi counterparts, Bloomberg reported. The Russian Energy Mini...
Venezuela Seeks to Revive OPEC Freeze Talks
Venezuela’s Oil Minister, Eulogio del Pino, has spoken to the Organizations of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammed Barkindo, ahead of a meeting between OPEC and non-OPEC producer...
Gazprom Aims to Join Iranian Gas Bid
Russian energy giant Gazprom has sent a note to Iranian authorities with a request to participate in gas liquefaction bids in order to enhance Iran’s gas project development and Iranian gas exports to Europe, Ru...
Saudi Arabia Drops Oil Prices for Asian Markets
Saudi Aramco, the state-controlled oil company, has cut its official selling price (OSP) for its benchmark Arab Light Grade for September-loading cargoes to Asia by $1.30 a barrel to a discount price of $1.10 to the r...
