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Russia’s President Putin has held discussions with the leaders of Bahrain, Qatar, Saudi Arabia and the UAE concerning the immediate situation in Iran and responses to the current attacks and counterattacks going on in the Middle Eastern region.
Indian oil refiners are discussing with their government and with Russia the possibility of increasing imports of Russian oil due to potential shortages created by the problems in Iran. Russian supplies are not affected by difficulties in the Strait of Hormuz.
As readers will be well aware from reports elsewhere, the United States, in conjunction with Israel, has attacked Iran. We will make some initial observations, but generally speaking will not be focusing on this conflict (as is also the case with Ukraine) for the following reasons: We can however make some initial observations as regards […]
The Russian Deputy Prime Minister Alexander Novak and Turkish Energy and Natural Resources Minister Alparslan Bayraktar have been discussing additional prospects for cooperation in their bilateral oil and gas, as well as the development of nuclear energy, at meetings held in Istanbul. Novak stressed Türkiye’s important role as a transit country for oil and gas […]
Russia and Belarus plan to sign an agreement to build a third power unit at the Belarusian Nuclear Power Plant (BelNPP) by the end of this year, according to Belarusian Energy Minister Denis Moroz. He stated that “There is an instruction from Belarusian President Lukashenko on the need for another unit at the Belarusian Nuclear […]
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The Russian State Duma has ratified amendments to four Russian-Bangladesh intergovernmental loan agreements related to the construction of a nuclear power plant in Bangladesh. Russian Deputy Finance Minister Vladimir Kolychev stated that “The amendments were agreed and signed to overcome difficulties with settlements in unfriendly currencies for government loans previously provided to Bangladesh. The protocols […]
Iraq’s cabinet has approved an “amicable settlement” with Russia’s Lukoil on transferring oil production operations at the huge West Qurna 2 field to the Basra Oil Company. The agreement concerns invoices and the employment of foreign personnel certified by an authoritative external auditor, the cabinet said in a statement. The transfer has occurred in line […]
The Afghanistan Chamber of Commerce and Investment (ACCI) has held meetings with a Russian trade delegation from Dagestan to discuss strengthening bilateral trade and economic cooperation. This follows reports from several media outlets that on February 14, the Afghanistan Chamber of Commerce and Industries (ACCI) announced the signing of five commercial agreements worth a total […]
Part One of a Seven-Part Series in which we document the rise of the new outbound Russian entrepreneurial investor. The Gulf Cooperation Council (GCC) region has emerged as one of the most strategically contested economic theaters of the 2020s. No longer defined solely by hydrocarbons, the Gulf today represents a global capital allocator, logistics nexus, […]
Moscow is redeploying hundreds of diplomats from Europe to Africa to reopen about ten embassies, Russian Foreign Minister Sergey Lavrov stated on Wednesday (February 11). Addressing the Russian State Duma, Lavrov said Moscow has cut its diplomatic presence in Europe by an estimated 120-150 staff and is relocating the employees to Africa. Lavrov said that […]
Russia is preparing to send a shipment of oil and petroleum products to Cuba, Moscow’s embassy in Havana has announced. The island is facing its worst energy crisis in years after the US doubled down on its campaign to cut off its energy supplies. The fuel crisis intensified dramatically after US forces kidnapped Venezuelan President […]
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