All articles tagged "oil"

Russia halts development of Exxon's Sakhalin-1 project Russia halts development of Exxon's Sakhalin-1 project

16 Mar, 09:23 PM 5 comments

The Russian government has refused to approve a budget proposal for the Sakhalin-1 oil and natural gas project led by Exxon Mobil Corp. and a Japanese venture.

Tags: oil, gas, Gazprom

Iran wants Russia to join OPEC Iran wants Russia to join OPEC

13 Mar, 02:43 PM 14 comments

Iranian oil officials have said that Russia is welcome to join the Organization of Petroleum Exporting Countries if it wants

Tags: oil, Iran, OPEC

Russia wants to join OPEC, reduce oil production Russia wants to join OPEC, reduce oil production

16 Mar, 12:42 PM 6 comments

Russia wants to send a permanent observer to OPEC, to boost cooperation on oil prices stabilization.

Tags: oil, OPEC

Russia and Venezuela to invest more than $6 bl in oil projects Russia and Venezuela to invest more than $6 bl in oil projects

19 Mar, 02:32 PM

Venezuela's oil minister says the country plans to team up with Russia to jointly invest more than $6 billion in oil projects

Tags: Hugo Chavez, Chavez, oil, Lukoil, Gazprom

Russian budget should rely on taxes, not oil money - Putin Russian budget should rely on taxes, not oil money - Putin

19 Mar, 09:40 PM 7 comments

The Russian budget should rely on regular tax inflows from companies and private persons, rather than on “super-large” oil revenues, Prime Minister Vladimir Putin said Thursday.

Tags: Vladimir Putin, oil

Russia downplays the importance of joining OPEC Russia downplays the importance of joining OPEC

24 Mar, 02:41 PM

Russian Energy Minister, Sergei Shmatko, said his country has no economic reason to join OPEC at the moment as the national oil industry already responds to market signals.

Tags: OPEC, Sergei Shmatko, oil,

Russia oil reserves may end before the global crisis does - top official Russia oil reserves may end before the global crisis does - top official

25 Mar, 02:39 PM 6 comments

Since the global crisis may last longer than thought, Russia should be careful about spending its oil reserves, Deputy Prime Minister Sergei Ivanov says.

Tags: oil, Sergei Ivanov, financial crisis

Russia seeks to lay hands on Arctic resources - report Russia seeks to lay hands on Arctic resources - report

27 Mar, 02:08 PM

Russia will not allow itself to be left behind in the race to exploit the resources of the Arctic, now being opened up by global warming, the Kremlin's special representative for the region has said.

Tags: oil, Arctic

NATO has no business in the Arctic – Russian diplomat NATO has no business in the Arctic – Russian diplomat

27 Mar, 06:54 PM 11 comments

The North Atlantic Treaty Organization has no business in the Arctic, Russian envoy to NATO has announced amidst mounting tensions around the oil-rich region.

Tags: Arctic, NATO, oil

Russia's deputy prime minister says Russia not ready to join OPEC Russia's deputy prime minister says Russia not ready to join OPEC

31 Mar, 07:04 PM 7 comments

Russia's deputy prime minister Igor Sechin has said his country is not ready to join the Organization of Petroleum Exporting Countries because the government cannot directly regulate Russian oil companies.

Tags: oil, Igor Sechin, OPEC

Sakhalin-1 project budget approved by Russian government Sakhalin-1 project budget approved by Russian government

8 Apr, 08:20 PM 7 comments

The budget of the Exxon Mobil Corp. - led Sakhalin-1 project for 2009 has been approved by the Russian Energy Ministry after almost a month of hesitation.

Tags: Sakhalin-1, oil, gas

Gazprom to depress gas production by 10% for next 5 years Gazprom to depress gas production by 10% for next 5 years

9 Apr, 05:44 PM

Russian gas export monopoly Gazprom believes global demand and its own gas production will be depressed by around 10 percent for the next 4-5 years, its deputy chief executive said on Thursday.

Tags: oil, Gazprom

China and Russia sign major oil cooperation deal China and Russia sign major oil cooperation deal

21 Apr, 04:15 PM 10 comments

China and Russia signed a multi-billion dollar deal Tuesday, bringing into play a series of agreements on constructing an oil pipeline and supplying fuel to Chinese markets.

Tags: China, oil, Igor Sechin

Oil giant Rosneft wins $148 mln claim against Russneft over Yukos asset Oil giant Rosneft wins $148 mln claim against Russneft over Yukos asset

24 Apr, 04:48 PM 9 comments

The Moscow Arbitration court ruled in favor of state oil giant Rosneft in a 5 billion ruble claim ($148 million) against rival Russneft, over the latter's purchase of a former Yukos unit.

Tags: Yukos, Rosneft, oil, Oleg Deripaska

Russia starts building oil pipeline to China Russia starts building oil pipeline to China

28 Apr, 01:44 PM 14 comments

Russia has started construction of a crude oil pipeline to China, following an agreement between the two countries to exchange loans for oil early this month.

Tags: oil, Russia, China,

President of Finland calls to end EU's gas dependency on Russia President of Finland calls to end EU's gas dependency on Russia

8 May, 04:55 PM

Europe should try to overcome its energy dependency on Russia through developing domestic resources, Finland’s President Tarja Halonen has said.

Tags: gas, oil, Finland, EU

Russian finance minister forecasts oil prices at $50 per barrel Russian finance minister forecasts oil prices at $50 per barrel

25 May, 07:49 PM 5 comments

Russia’s Finance Minister Alexei Kudrin said Monday that the price of oil in 2010 is forecasted at $50 per barrel. This price will be used to calculate a new 2009 budget for Russia.

Tags: oil, Alexei Kudrin

Russia’s Rosneft sees first-quarter net profits drop 20 percent Russia’s Rosneft sees first-quarter net profits drop 20 percent

28 May, 08:25 PM 1 comment

Russia's top oil producer Rosneft said Thursday that first-quarter net profit dropped 19.7 percent to $2.1 billion from the same period a year ago because of lower oil prices and weaker domestic demand.

Tags: Russia, Rosneft, oil,

Obama to expand oil corridor to EU and bypass Russia Obama to expand oil corridor to EU and bypass Russia

3 Jun, 01:52 PM 3 comments

US President building bridges to the East, though energy relationship with Russia promises to be thorny

Tags: Russia, oil, US, EU, Azerbaijan, Barack Obama,

Russian oil chief puts fair price for oil at $75 per barrel Russian oil chief puts fair price for oil at $75 per barrel

5 Jun, 03:00 PM 4 comments

World oil prices, currently around $65 a barrel, are inconvenient for Russia, Deputy Prime Minister Igor Sechin says.

Tags: oil, Igor Sechin



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