Russia’s Lukoil Eyes Decade Of Oil Output Growth
Lukoil expects its output to rise over the next 8-10 years as it brings new fields onstream, vice president and co-owner Leonid Fedun says. MOSCOW, Sept 20 Sept (Reuters) – Continue Reading
Russia’s Rosneft to fast-track gas export option in Kurdish Iraq
Russian energy company Rosneft says it’s put a gas export pipeline from the Kurdish north of Iraq on the fast track toward development. Photo courtesy of Rosneft. Sept. 18 (UPI) Continue Reading
Russia’s Rosneft clinches gas pipeline deal with Iraq’s Kurdistan
Russian oil major Rosneft ( ROSN.MM ) will invest in gas pipelines in Iraq’s Kurdistan, expanding its commitment to the region ahead of its independence vote to help it become Continue Reading
Seasonal factors help Russia over-comply with OPEC pledge
Seasonal factors and maintenance at an Arctic oil field in Russia may be contributing factors to its compliance with an OPEC-led production deal, data show. Russia said oil production declined Continue Reading
Does Russia Really Need The OPEC Deal?
OPEC and Russia are coordinating the first joint OPEC/non-OPEC deal to curb oil output since 2001, but the apparent unity in the face of lower-for-longer oil prices doesn’t disguise the Continue Reading
Is Russia Pushing Saudi Arabia Out Of Asia?
Chinese industrial conglomerate CEFC has agreed to buy 14.16 percent in Russia’s Rosneft for approximately US$9 billion. The deal was no surprise as it came on the heels of a Continue Reading
Russia Urges GCC To Resolve Qatar Dispute
The Russian foreign minister has urged a coalition of Arab states led by Saudi Arabia to negotiate with Qatar to end a bitter diplomatic dispute that has raised tensions on Continue Reading
Russia’s Rosneft Expects $40 Oil In 2018
Russia’s largest oil producer, Rosneft, expects oil prices to average between $40 and $43 per barrel next year, and is preparing for such prices, Rosneft’s CEO Igor Sechin told TV Continue Reading
Russia’s Big Bet On Kurdish Oil
In June 2017, Kurdistan Regional Government (KRG) and Russian energy behemoth Rosneft signed several cooperation, investment and production sharing agreements regarding hydrocarbon exploration, production, infrastructure, logistics and trading. Rosneft also Continue Reading
China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes
Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy Continue Reading