China Purchases 14% Of Rosneft From Qatar
The $9 billion purchase will transfer the Qatar Investment Authority’s 14.16 percent Rosneft stake to CEFC China Energy Company Ltd., Glencore said on Friday. China bought the shares at a 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 (ROSN.MM) for $9.1 billion from a consortium of Glencore (GLEN.L) and the Qatar Investment Authority, strengthening Continue Reading
Russia’s Novak says it is premature to extend global oil deal
It is premature to decide on extending the global deal to reduce oil production as the oil market has been rebalancing, Russian Energy Minister Alexander Novak said on Thursday, according Continue Reading
Russia’s Gazprom examines LNG options in Japan
Masami Iijima (L), chairman of the board of directors of Mitsui & Co., Ltd., signs a framework agreement on liquefied natural gas with Alexei Miller, the chairman of Russia’s Gazprom. Continue Reading
Russia’s Putin says row with Exxon over Sakhalin-1 is resolved
A dispute with U.S. major ExxonMobil over the Sakhalin-1 oil and gas project has been resolved, Russian President Vladimir Putin said on Thursday. Speaking at a conference in the Russian Continue Reading
Russia’s energy minister sees 2018 oil price in range of $45-$55/barrel
Russian Energy Minister Alexander Novak speaks during a news conference of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia, July 24, 2017. REUTERS/Anton Vaganov VLADIVOSTOK, Russia (Reuters) – Continue Reading
Russia’s Novak says to consider extension of oil cut deal if glut persists
Russian Energy Minister Alexander Novak said on Wednesday that Moscow would consider extending a deal with OPEC and other producers to cut oil production further into next year if a Continue Reading
Chinese conglomerate in talks over Rosneft investment
CEFC China Energy is in talks to invest in Russia’s state-controlled oil company Rosneft, in what would be a sign of strengthening economic co-operation between Moscow and Beijing even as Continue Reading
Can Russia Develop Its Shale Reserves?
Russia’s tight oil will play an increasingly important role in its oil output, underpinned by the fact that 20 percent of its current reserves already belong to the “tight” category. Continue Reading
Gazprom’s Gas Dominance Grows In Europe
It is doubtful that there could be a less appropriate time to increase Russian gas exports to Europe, yet that is exactly what Gazprom is doing. Despite sanctions from both Continue Reading