Russian Oil Output Stagnant But Remains Above Quotas
Russian oil output was stagnant at 10.97 million barrels per day for a third month in a row in May, again exceeding quotas set under a global deal.
Azerbaijan Launches Pipeline Project To Turkey, Eyes Europe
Southern Gas Corridor project will compete with Russia’s TurkStream pipeline.
Rosneft Looks To Vietnam Experience To Help Global Expansion
With sanctions barring Russia’s largest oil producer from offshore extraction with Western companies, Rosneft is looking to its operations in Vietnam for the experience needed to expand its global reach.
Germany Proposes Consortium To Protect Ukraine From Nord Stream Losses
Baltic states concerned that the pipeline could increase reliance on Russian natural gas.
Poland's Anti-Monopoly Office Opens Proceedings Against Nord Stream 2
Poland’s anti-monopoly office has launched proceedings against Russia’s Gazprom and five European firms responsible for financing the planned Nord Stream 2 natural gas pipeline over potential breach of anti-monopoly laws, the office said on May 8.
Russian Oil Output Unchanged In April, Misses Global Deal Target
Russian oil output stood at 10.97 million barrels per day (bbl/d) in April, unchanged from an 11-month high in March and above a target set by a deal with OPEC on curbing output, Energy Ministry data showed on May 2.
Russia’s Lukoil Starts Up Uzbekistan Gas Plant For Exports To China
New $3.4 billion plant has capacity of 8 Bcm a year.
Eni Has No Plans To Pull Out Of Rosneft JV After Sanctions
Italian oil major Eni has no plans to pull out of its joint venture with Russia's Rosneft despite escalating sanctions against Russia, CEO Claudio Descalzi says.
Russia’s Transneft Halts Oil Intake From Rosneft Subsidiary
Transneft charges that the oil was of low quality.
Analyst: Rosneft Projects Could Be Postponed If Oil Output Pact Is Extended
Rosneft has said it could delay the start of production at some new fields, namely east Siberia’s Uyrubcheno-Tokhomskoye and Russkoye in the northern Yamal Nenets region.