India’s imports of Russian crude oil are expected to reach around 1.8 million barrels per day in May, the highest level in 10 months, according to ship-tracking data from Kpler. The surge is attributed to refiners purchasing more light grades, such as Russia’s ESPO Blend from the Eastern Siberian-Pacific Ocean pipeline. Traders predict that the […]
Russia’s Ministry of Natural Resources plans to propose introducing a 1.5 multiplier for calculating profit tax for geological exploration in onshore Arctic and Far East territories, according to Alexander Kozlov, the natural resources minister. He was speaking at a State Duma session dedicated to the socioeconomic and infrastructure development of the Arctic. The use of
Russia Introduces Tax Incentives To Increase Arctic Geological Exploration & Extraction Read More »
Russia hopes to establish a sanctions-proof channel for the supply of petroleum products by building a petroleum product pipeline in the Congo and also to gain the status of a strategic partner in ensuring the energy security of the entire region, Russian Deputy Energy Minister Dmitry Islamov has stated to the State Duma. Islamov was
Russia To Sanctions-Proof Republic Of Congo Pipeline Investment Read More »
China has suggested that Russia boost oil supplies via Kazakhstan by 2.5 million tonnes per year, and Russia is ready to do this, according to Russia’s Deputy Prime Minister Alexander Novak. He was speaking about the protocol on amendments to the intergovernmental agreement approved by the Russian government. Novak clarified that “This is a proposal
China Wants More Russian Oil Supplies Via Kazakhstan Read More »
Russia and Vietnam have agreed to advance new oil and gas projects, including shipping and refining crude oil and liquefied natural gas (LNG) from Russia to Vietnam, according to a joint declaration “On the main areas of the Russian-Vietnamese relations of comprehensive strategic partnership at a new stage” published on the Kremlin’s website. “The Parties
Russia and Vietnam to push ahead with new Oil, Gas, LNG, and Oil Refining Projects Read More »
Lower oil prices and freight rates contributed to the growth of Russian crude exports. At the end of April, shipments through ports rose to 448,000 tons per day, as calculated in the Center for Price Indices (CPI), returning to the level of December, before the recent introduction of ever-larger U.S. sanctions. Given the stable demand
Russian Oil Exports Grew on Low Prices and Freight Rates Read More »
The Krasnoyarsk Territory retains its position as one of the key Russian regions in hydrocarbon production. The Ministry of Natural Resources and Environment of the Russian Federation named the North Baikalovskoye field in Taimyr as one of the discoveries of 2024. It was included in the list of 39 new hydrocarbon fields in the country.
Krasnoyarsk Region field named discovery of the year Read More »
The Russian President, Vladimir Putin, has met with the Brazilian President, Luiz Inacio Lula da Silva, in Moscow as part of the Victory Day celebrations. Bilateral discussions were also held at the Kremlin. Both countries are founding members of the BRICS group, with Brazil holding the Chairmanship during 2025. This is what they had to
Russian President Vladimir Putin and China’s President Xi Jinping have agreed to speed up the Power of Siberia 2 gas pipeline project, according to Russian Deputy Prime Minister Aleksandr Novak. The announcement was made on Thursday (May 8) following high-level talks in Moscow during Xi’s official visit to Russia to attend the May 9 Victory
Russia, China Agree To Expedite Power of Siberia 2 Pipeline Agreement Read More »
The European Union has unveiled plans to reduce all oil, gas and nuclear supplies from Russia to zero by 2017 and has been requesting details of all EU government and corporate gas supply contracts with Russia to evaluate the size of the task. Victor Orban, the Hungarian Prime Minister has described the moves as ‘economic
Is The EU Plan To Cut Off 100% Of Russian Gas Supplies By 2027 Economically Feasible? Read More »
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