Russia | Egypt Oil & Gas - Part 36

Kuwait Boost Purchase of Russian LNG

Kuwait has plans to purchase up to 1.5m metric tons of LNG from Russia on an annual basis, according to Deputy Managing Director of Kuwait Petroleum Corporation (KPC), Nasser Abdullah Saleh.

Russia’s Rosneft Eyeing Iranian Oil&Gas Projects

Russian oil producer Rosneft is interested in oil and gas projects in Iran, according to the Energy Minister, Alexander Novak. However, the Minister added that "It is too early to talk about any concrete plans as Iran".

Crude Prices Jumped to 2016 Highs Ahead of Oil Majors’ Meeting

Crude oil prices jumped on 12th April and closed at 2016 highs after reports that Saudi Arabia and Russia have reached an agreement on an oil-production freeze.

French Engie, Gazprom to Adapt Gas Contracts Prices

French gas and power group Engie and Russia's Gazprom Export have agreed to adapt the price of its long-term gas supply contracts to fit market conditions.

Rosneft’s Market Capitalization Surpasses Gazprom

The oil producer Rosneft became Russia’s most valuable company as its market capitalization of $51.7b in April exceeded that of natural-gas exporter Gazprom at the level of $51.5b for the first time since its shares ...

Russia’s Gazprom Argues Against Sharing Gas Exports to Europe

Russian gas export monopoly Gazprom said that it would not be in accordance with Russia's national interest to allow Novatek and Rosneft to export gas to Europe.

Azerbaijan, Armenia Sign Ceasefire Deal over Nagorno-Karabakh

A ceasefire between key oil and gas players in the Caspian region, Azerbaijan and Armenia, was signed on April 5th putting an end to a renewed conflict that erupted over the breakaway Nagorno-Karabakh region. The dea ...

Norway To Ramp Up Gas Production Capacity

Norway will allow increased production from its biggest natural gas field as Europe’s second-largest supplier of the fuel prepares for increased competition with Russia and the US.

Russian Oil Output Hits Record, Oil Freeze in Doubt

Russia’s oil output set a post-Soviet high in March as the success of a proposed crude production freeze between OPEC members and other major producers appeared to be in doubt.

Russia to Increase Oil Exports to China

China is ready to import 27m tons of Russian crude this year, which would allow Moscow overtake Saudi Arabia as China's biggest oil supplier, according to Transneft Vice-President, Sergey Andropov. Russia exported 26 ...

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