Russia | Egypt Oil & Gas - Part 38
Russia Cuts Oil Reserves Estimates 50% to Last Until 2044
Russia will run out of oil by 2044, with production beginning to decline in 2020, according to the Minister of Natural Resources and Environment. According to experts, the volume of proved reserves was cut by 50%, wh ...
Russia, Morocco Plan to Boost Energy Cooperation
Russia and Morocco are planning to strengthen cooperation in the energy sector, including deliveries of Russian LNG to Morocco, according to a joint statement following talks between Vladimir Putin and King Mohammed ...
Russia Supports Iran’s Aspiration to Restore Its Oil Market Share
Russia's Energy Minister, Alexander Novak, said that Iran would consider joining a global deal to cap oil production only after it restores its oil output back to levels it enjoyed before international sanctions at 4 ...
Russia’s Rosneft to Solo Drill First Offshore Well
Russia’s largest oil producer Rosneft will start drilling its first international offshore well as a sole operator off the south coast of Vietnam this month.
Georgia Confirms Gas Supply Deal with Azerbaijan
Georgia has confirmed details of its recently signed gas deal with Azerbaijan, according to which Georgia will receive up to 500mcm/year of natural gas from the Azerbaijani national oil company SOCAR until 2030.
Egypt in Negotiations with Russia on LNG Shipment
The Egyptian government is currently in negotiations with Russia to open new international bids for shipments of liquefied natural gas.
Russia’s Rosneft to Increase Oil Deliveries to Europe by 3%-5%
Russia's largest oil producer Rosneft plans to increase oil deliveries to European customers via the Druzhba pipeline to 28.7-29mmt/yearin 2016, or by 3% to 5%.
IS-Produced Fuel Allegedly Sold in Europe
Fuel produced by Islamic State is suspected to be sold at gas stations in Bulgaria, while the trade is further aiming for Europe.
