Gazprom Neft expects more oil from Arctic
Russian oil company Gazprom Neft said it revised a production schedule to dramatically boost output from a field in the Arctic north of the country. Revised by a factor of Continue Reading
Russia has less than three decades of oil remaining
“Our recoverable oil reserves are about 29 billion tons. These are the ones that could theoretically be extracted from the subsoil. Crude oil production (without condensate) preliminarily amounted to about Continue Reading
Russian oil producer gains foothold in Kurdish Iraq
Russian oil producer Gazprom Neft said it was taking a stronger hold over reserves in the Kurdish north of Iraq by assuming control of the area’s Sarqala field. Gazprom Neft’s Continue Reading
Russia’s Gazprom says arbitration claims against Ukraine up to $31.76 billion
Russian gas giant Gazprom said on Tuesday its total claims in Stockholm arbitration against Ukraine’s energy firm Naftogaz have increased to $31.76 billion. The Kremlin-controlled company said the new claims Continue Reading
Ruble Weakens as Sub-$40 Oil Eclipses Syria Pullback Optimism
Russia’s ruble declined more than any other emerging-market currency as falling oil prices overshadowed optimism that relations with Europe and the U.S. will improve after President Vladimir Putin ordered some Continue Reading
Russian Warplanes Redeployed From Syria
The Russian Ministry of Defense said its warplanes began redeploying from Syria on Tuesday, after a surprise announcement by Russian President Vladimir Putin that Moscow would withdraw the bulk of Continue Reading
Putin Orders Start of Syria Withdrawal, Saying Goals Are Achieved
Photo Russian pilots climbing into a fighter jet at the Hemeimeem air base in Syria in October. Credit Vladimir Isachenkov/Associated Press MOSCOW — President Vladimir V. Putin of Russia on Continue Reading
Russia Says Iran May Join Oil Freeze After Boosting Production
Iran may join other oil suppliers in freezing production after restoring its own output to levels before sanctions were imposed, Russian Energy Minister Alexander Novak said after meeting with the Continue Reading
Ruble Weakens as Sub-$40 Oil Eclipses Syria Pullback Optimism
Russia’s ruble declined more than any other emerging-market currency as falling oil prices overshadowed optimism that relations with Europe and the U.S. will improve after President Vladimir Putin ordered some Continue Reading
Russia ready to cooperate with US-led coalition in fight for Syria’s Raqqa: Interfax
Russia is ready to coordinate its actions with the U.S.-led coalition in Syria to push the Islamic State group out of Raqqa, Interfax news agency quoted Russia’s Foreign Minister Sergei Continue Reading