Russia is open to proposals for oil and coherence with other producers, said Russian energy Minister Alexander Novak. “We maintain the position that our door is always open, in terms of issues relating to monitoring, coordination of action, because the situation in the markets is still difficult. And over the …
Read More »Novak predicted balancing the oil market by 2017
The balance of supply and demand in the oil market is delayed, it will occur approximately in the middle of next year. On Friday, July 29, Minister of energy of Russia Alexander Novak, reports TASS. “The last negotiations [oil producing countries] was in April, today we have not discussed these …
Read More »Novak said about the absence of reasons for the freezing of oil production
At the current price of oil is no reason to reduce or freeze production of oil. This was stated on Friday, June 17, Minister of energy Alexander Novak at the St. Petersburg international economic forum, reports TASS. “I think the price is pretty comfortable for now in the oil markets, …
Read More »Novak and Gref argued about the timing of the end of the hydrocarbon era
Oil and gas remain main sources of energy until 2040. This opinion was expressed during the St. Petersburg economic forum, Russia’s energy Minister Alexander Novak, the correspondent of “Tape.<url>” on Friday, June 17. The Minister expressed confidence that Russia will have an advantage as one of the key producers of …
Read More »Novak: oil sales through a stock exchange needs to be voluntary
Selling oil through a stock exchange needs to be voluntary, at the moment there is a study of the legal framework of this procedure. As the correspondent “of Rosbalt”, about it in the framework of St. Petersburg international economic forum, told reporters Russian energy Minister Alexander Novak. “Now the issue …
Read More »Novak explained why Russia cuts oil supplies to Belarus
Russia reduces oil supplies to Belarus in connection with the debt for Russian gas. As the correspondent “of Rosbalt”, about it today at the St. Petersburg international economic forum, told journalists the head of Ministry of energy of Russia Alexander Novak. “We proceed from the fact that the graphs for …
Read More »Novak predicted the market recovery of oil by the end of 2017
The balance of supply and demand in the oil market will only be achieved by the end of 2017. As reported on Sunday, may 29, TASS, this forecast was made by Russian energy Minister Alexander Novak, speaking at the forum “doing Finance”. According to him, the market recovery has already …
Read More »Iraq has decided to raise oil producers in Russia, but Novak “objects”
Oil producers from within and outside OPEC, to meet in may in Russia for further discussion of freezing the oil. This was reported today by Bloomberg Agency with reference to Deputy energy Minister of Iraq Fayyad al-NIMA. According to him, Iraq is a slow growth in oil prices, despite the …
Read More »Novak boasted a high survivability of the Russian oil industry
Low cost of production allows Russian oil companies to survive in almost any prices for raw materials. About it on air of radio station “Kommersant FM” said the Minister of energy of Russia Alexander Novak. “The cost we have one of the lowest in different fields, it ranges from 2 …
Read More »Novak spoke about the political causes of the collapse of the talks in Doha
The deal to freeze oil production in the Qatari capital of Doha was not held for political reasons. This was stated by Russian energy Minister Alexander Novak, reports TASS. According to him, Saudi Arabia has put the agreement on freezing of the extraction part of the major oil-producing countries, and …
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