Oil

Russia is ready to provide Japanese companies with controlling stakes in major projects for oil and gas, said Deputy Prime Minister Arkady Dvorkovich in an interview with Japanese newspaper Nikkei. “We are ready to offer Japan controlling stakes in large oil and gas projects. This applies to Japanese investors, who …

The organization of countries-exporters of oil (OPEC) has invited the U.S. to join negotiations on freezing the level of oil production. This was announced by the Secretary General of the organization Abdalla Salem El-Badri, betrays RIA Novosti. “I’m talking to the EU, with the Russians and the Chinese. I say …

Low oil prices will be adjusted in the following once equalized the demand and supply on the market of energy carriers. This is according to the report, which was done at the International energy Agency. It is reported by RIA Novosti. The organization noted that during 2014 and 2015 oil …

China increased its oil imports from Russia in January by 15% compared with the same month last year – up to 3,368 million tons, according to data from the General administration of customs of the PRC. However, in comparison with December volume decreased by 30% (4,811 million tons), reports “Interfax”. …

Despite the pessimistic estimates, and difficult political relations of Moscow with the leading countries-the oil producers in the Arab world, Russia made an important step in the effort to stabilize the oil market and oil prices on raw materials. As reported by the information Agency, February 16, at the talks …

Russia is ready to sell two Japanese companies, controlling stakes in major oil and gas projects. This was stated in an interview with Japanese newspaper Nikkei, Russian Deputy Prime Minister Arkady Dvorkovich. As explained Dvorkovich, the proposal refers to “investors, have strategic development plans”. He noted that, despite the sanctions, …

Nigeria supported the freezing of oil production at the level of January 2016, proposed by a number of OPEC countries and Russia. On Sunday, February 21, said Nigerian oil Minister Emmanuel IBE Cacique, according to Bloomberg. According to him, Nigeria, which is the largest oil producer in Africa, agreed on …

Iran, which only began to ramp up oil production and send it for export to European countries following the lifting of sanctions in January, has every right not to “freeze” the production of black gold. To demand from this country is unfair, said the head of the energy Ministry of …

In the medium to long term the reduced investment in the global oil industry because of low prices may result in the suspension of important projects. This, in turn, threatens the stable supply of oil consumer after 2020. Such opinion the Minister of energy Alexander Novak has expressed in an …

In the near future Iran will increase oil production by 700 thousand barrels a day. This was stated by managing Director National Iranian oil company Roknoddin Javadi, Rambler News Service reports with reference to Reuters data. “One of the goals of the sixth five-year development plan is the extraction of …