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Gas turbine engine
Russia’s InterRAO to Invest $580m in Gas Turbine Venture with GE
Russian energy holding company InterRAO reportedly plans to invest $580m in a gas turbine joint venture with General Electric.
Market Analysis
Russian Energy Minister: Global Oil Demand is Expected to Fully Recover in the Second Quarter of 2021
Russian Energy Minister Alexander Novak participated in the OPEC+ JMMC online meeting and said that global oil demand is expected to fully recover by the second…
Oil Price
Russia’s Novak Says 2020 Oil Demand Could Fall by Up to 10 Million bpd
Global oil demand could fall by 9-10 million barrels per day this year due to impact of the COVID-19 pandemic, Russian Energy Minister Alexander Novak said on F…
Russian Federation
Russian Energy Minister Novak Tests Positive for COVID-19
Russian Prime Minister Mikhail Mishustin, who was himself diagnosed with COVID-19 in May and successfully completed treatment, was the one to deliver the news.
Crude Oil
Russian Oil Production Set For First Annual Drop Since 2008
Due to the OPEC+ production cut deal, Russia’s oil production could decline by 15 percent annually in 2020, Russian Energy Minister Alexander Novak told news a…
Oil Price
Russia & Saudi Arabia Ready to Make Deeper Joint OPEC+ Output Cuts to Boost Oil Prices
According to the Russian Energy Ministry, both countries are firmly committed to fulfilling the OPEC+ deal on cutting oil output.
Crude Oil
OPEC+ Debates Biggest-Ever Oil cut, Awaits U.S. Efforts
Russian Energy Minister Alexander Novak told Russian state media that he understands the United States has legal restrictions on output cuts, but it should sti…
Nuclear Power Plant
Ostrovets Unit 1 Nuclear Reactor Nearly Ready for Operation in Belarus
A 2.4-GW nuclear power plant in Belarus, built to lessen that nation’s dependence on Russian energy yet built with Russian input and finance, is due to be oper…
Crude
Russia Still Elusive On Deeper OPEC+ Oil Production Cuts
Russia is still reviewing the recommendation of the OPEC+ technical panel for additional cuts of 600,000 bpd in response to the slump in oil demand over the cor…
Oil & Gas Trade
OPEC Cuts ‘Can’t Last Forever,’ Russian Energy Minister Warns
OPEC output cuts have stabilized the global oil market but can’t last forever, Russia said as uncertainty persists over the future of the agreement beyond Marc…
Oil & Gas Trade
Russia:OPEC+ May Consider Ending Oil Cuts by 2020
The Organization of the Petroleum Exporting Counters and its allies, known as OPEC+, may consider wrapping up their oil output reduction in 2020, Russian Energy…
Oil & Gas Trade
The Parties Discussed Russian-Ukrainian Cooperation in the Gas Sector, Russian Energy Ministry Said
"The parties discussed Russian-Ukrainian cooperation in the gas sector — settlement of mutual claims for the implementation of contracts, the terms for the tra…
Crude
Russia Wants Condensate Removed from OPEC Deal
Russian energy minister Alexander Novak said Wednesday he wants new volumes of gas condensate to be excluded from Russia’s quota as part of its oil output pact…
Oil & Gas Trade
Russia: OPEC+ Deal Will Not Be Revised
OPEC and its Russia-led non-OPEC partners in the production cut pact are currently not discussing changing the terms of their agreement, Russian Energy Minister…
Solar Power Plant
Russian/Austrian Consortium Plans 75MW PV Project Pipeline in Russia
A consortium led by Austrian developer Green Source Consulting and Russian energy company Vershina Development plans to develop a five project, 75MW PV pipeline…
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