Russian energy majors are putting pressure on western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new US sanctions.
News ID: 2588 Publish Date : 2018/11/11
While OPEC is said to be mostly leaning toward a nine-month extension of the production cuts, Russia’s Energy Minister Alexander Novak and major Russian oil companies discussed last week a six-month extension after March 2018, and all but one company said they were ready to extend, Russia’s TASS news agency reported on Tuesday, quoting two sources who had attended the meeting.
News ID: 1580 Publish Date : 2017/11/24
The announcement comes as Tatneft, Russia's sixth largest oil firm, signed a preliminary agreement earlier in the week to study Shadegan Oilfield in Khuzestan Province
News ID: 1024 Publish Date : 2017/03/10
Russian oil producer Gazprom Neft said on Tuesday it planned to increase oil production by 4.5-5% next year, less than it had intended before Russia joined a deal to cut global production with OPEC.
News ID: 789 Publish Date : 2016/12/29
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