Russia | Egypt Oil & Gas - Part 4
ExxonMobil May Return to Sakhalin-1, Two Years After Putin’s Takeover
Russia’s President Vladimir Putin has signed a decree that enables foreign investors, including US. ExxonMobil, to reclaim its stake in the Sakhalin-1 oil and gas project, Reuters reported. Sakhalin-1 is a major oil a...
India to Continue Purchasing Russian Oil Regardless Trump’s Warnings
Two sources from the Indian government stated that the country will continue to buy oil from Russia despite U.S President Donald Trump’s warnings to impose more penalties, Reuters reported. The sources confirmed...
Mexico Explores LNG Diversification as Russia Plans to Step In
Russia has expressed intent to supply Mexico with liquefied natural gas (LNG) and share energy technologies, said the Russian Embassy in Mexico. This step is expected to solve challenging geopolitical conditions and i... EU to Unveil Strategy to End Russian Natural Gas Imports by Late 2027
The European Union (EU) will announce a plan to prohibit new Russian natural gas agreements by the end of this year and gradually terminate current contracts with Moscow by the close of 2027, according to three EU off...
Russia’s First Ice-Class LNG Carrier Starts Sea Trials Amid US Sanctions
The first Russian built ice-class LNG carrier, Alexey Kisygin has entered sea trials, aimed to increase the country’s share of the global LNG market, despite facing US sanctions. Alexey Kisygin was constructed a...
Indian State Refiners Eye Middle East Crude to Offset Russian Supply Shortfall
Indian state refiners are considering tapping into the Middle East crude market as spot supply from their top supplier, Russia, have fallen, according to Reuters. The three major state refiners, Indian Oil Corp, Bhara...
Russia, Pakistan to Cooperate in Oil, Gas Exploration
Russia and Pakistan have discussed cooperation in offshore oil and gas exploration and refining during intergovernmental meetings in Moscow, according to Reuters. “Yesterday we received a rather interesting prop...
Developing Nations’ Energy Challenges Take Center Stage in Egypt’s Address to BRICS
Minister of Petroleum and Mineral Resources, Karim Badawi, participated in the BRICS ministerial meeting, where he highlighted several petroleum-related challenges faced by developing countries. In his speech, he emph...
