The Russian economy will need at least 10 years to get rid of oil dependence. This was stated by the head of Sberbank German Gref said at the Bank organized the conference, according to video News Service. According to him, to create the digital business economy with a volume of …
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Saudi Arabia is the second time offers Russia to cut oil production, and Moscow is once again refuses. Russia, record-breaking production, is interested in freezing the level of production, but not in its decline. In the future, Russia’s position could derail the outlined agreement of the OPEC countries, which decided …
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First Deputy head of RF Ministry of energy Alexey Teksler awaiting the results of 2016 the growth of investments in production amounted to 200 billion rubles, Vesti.Economy. “This year will increase compared with last year, about 200 billion plus. And about next year, it is necessary to analyze, given the …
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One of the key Russian allies overseas — Venezuela is experiencing a serious political crisis that threatens to go into a civil war. Mostly “right” and “center-right” opposition sought the resignation of the “left” of President Nicolas Maduro, successor to Hugo Chavez. On October 25 the national Assembly began the …
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On 21 October 2016 in Ulyanovsk sentenced seven members of a criminal group on charges of embezzling oil from the main oil pipeline in the Ulyanovsk and Penza regions Criminals have stolen thousands of tons of oil products on 70 million roubles, for what has received from 3 to 8 …
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Venezuelan President Nicolas Maduro wants to take US to the next meeting of the Organization of countries-exporters of oil (OPEC) and to expand the cartel, turning it into the new oil Alliance. On Monday, October 24, according to Bloomberg. According to Maduro, the Alliance should include OPEC countries and States …
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China in September 2016, increased its imports of oil from Angola by 46% yoy to 4.19 million tons, resulting in the African country ahead of Iraq, Russia and Saudi Arabia, coming in first place for the supply of fuel to China. According to the General administration of customs of China, …
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The price of oil on world markets is plummeting. According on 08:41 GMT, December Brent futures fell 0.65% to 51.57 USD per barrel. And on WTI rose by 0.73% to 50.59 per barrel. The cause of the falling prices were extremely out of place now statements by the oil Minister …
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Very optimistic statements today, 23 Oct, make the energy Ministers of Russia and Saudi Arabia after the talks, which discussed, in particular, possible freezing of oil production. Alexander Novak, Minister of energy of the Russian Federation, said that the freezing of oil production issue that will be resolved in the …
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Washington would not be invited in any agreements related to the regulation of oil production. This was stated by Minister of energy of Saudi Arabia Khalid al-falih. “No, the United States will not participate in any agreements related to oil production,” said al-falih. The Saudi Minister also said that the …
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