Russia | Egypt Oil & Gas - Part 41
Gazprom to Build New Gas Route to Europe via Black Sea
Russia’s gas major, Gazprom has signed a Memorandum of Understanding with Edison and DEPA on a new pipeline taking Russian gas to Europe via Greece and Italy through a pipeline under the Black Sea, Pennenergy re...
Lukoil Sizing up Baltic Sea Opportunities
A Kaliningrad-focused subsidiary of Russia’s Lukoil has been granted the right to explore for oil and gas in the Russian sector of the Baltic Sea, Offshore Engineer reported. The area includes the D33 oil field,...
Iran Plans to Scale up Oil Production by 700,000b/d
Iran plans to scale up its oil production by 700,000b/d in the near future, according to the Iranian Deputy Oil Minister, Rokneddin Javadi, the Tasnim News Agency reported. “One of the goals of Iran’s sixt...
Russia, Venezuela Develop Three New Offshore Gas Fields
Russia’s top oil producer Rosneft and Venezuela’s state oil company PDVSA signed an agreement to set up a joint venture to develop natural gas in the South American country, Reuters reported. Each firm wil...
Saudi Arabia, Russia, Qatar, Venezuela Agree to Freeze Oil Output
The global oil market has witnessed first coordinated move in years to boost crude prices. Saudi Arabia and Russia, the world’s two largest crude-oil exporters, said they would halt production increases as long as oth...
Russia Decreases Oil Export Duty by 24%
Russia’s oil export duty is expected to fall 24% month-on-month in March to the level of $39.5 per ton due to declining oil price, down from $52 per ton from the period between mid January to mid February, Reute...
Sisi: Construction of Nuclear Plant to Begin in a Few Weeks
Egyptian President Abdel Fattah El Sisi announced that construction of the country’s nuclear power plant will begin in a few weeks, reported State Information Service. The announcement was made during the presid...
Russia to Export Electricity to Azerbaijan, Iran
Azerbaijan, Iran, and Russia are collaborating together to establish an energy corridor, linking the three countries. The corridor will be used to export electricity from Russia to Azerbaijan and Iran, Azerbaijan’s Mi...
