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News // Economy

Business confidence improving for oil-rich Russia

With crude oil prices improving over last year's slump, a market report finds most companies in Russia are expecting modest recovery.

14 March 2017 , 13:00Daniel J. GraeberNeftegaz.RU8160

Russia expects oil and gas revenue to bounce back in March

After a budget shortfall in February, Russia's finance minister said the country expected to receive more than $1 billion in oil and natural gas revenue this month.

06 March 2017 , 10:36Neftegaz.RU10010

Belarus reduced oil imports from Russia by 20.7% in 2016

Belarus imported 18.1 million tons from Russia in 2016, which is 20.7% less than in 2015.

01 March 2017 , 16:09Neftegaz.RU8080

Russia sees U.S. oil production as a lid on oil prices

Gains in oil production from the US should establish a ceiling over crude oil prices on the global market, said the head of Lukoil Middle East.

28 February 2017 , 14:08Daniel J. GraeberNeftegaz.RU7430

Turkish imports fall in 2016

Turkey cut its imports of both pipeline gas and LNG in 2016.

27 February 2017 , 17:29Neftegaz.RU8860

Norway's oil companies increased their 2017 investment plans

Norway's oil companies have increased their 2017 investment plans in the last 3 months, signalling a smaller-than-expected contraction for the industry.

24 February 2017 , 13:00Mark LammeyNeftegaz.RU8790

Total to take its final investment decision on Caspian Absheron by the end of 2017

Total is to take its final investment decision on development of the Absheron gas field, in the Azeri sector of the Caspian Sea, by the end of this year.

23 February 2017 , 18:00Neftegaz.RU10920

Vladimir Putin: Clear signs of Russian economic growth

As oil prices stabilize in the wake of an OPEC-led production deal, Russian President Vladimir Putin said signs of economic strength are becoming clear. The Central Bank of Russia said all is well, even if oil drops to $40 per barrel.

20 February 2017 , 00:01Daniel J. GraeberNeftegaz.RU9210

Iran and Russia plan to enhance economic bonds in a month

Iran and Russia expect 5 economic events to take place in Tehran by March 20, 2017.

13 February 2017 , 17:37Neftegaz.RU8130

Russia's economy grows at $40 per barrel oil

The Russian economy will be on the positive side of growth even if the price of crude oil falls to $40 per barrel.

09 February 2017 , 18:00Neftegaz.RU11550

NIOC Head: 1st IPC tender slated for February 15

Iran plans to hold the 1st tender for its new oil and gas contract model on February 15, said NIOC Managing Director Ali Kardor.

06 February 2017 , 10:37Neftegaz.RU11800

Iran signs power plant deals, also with russian Technopromexport

Iran has signed agreements valued at around $10.7 bln for the construction of new power plants with German, Russian, Chinese, South Korean and Turkish companies.

31 January 2017 , 12:05Neftegaz.RU10280

German companies voice interest in investing $12 bln in Iran's oil industry

Several major oil and petrochemical companies from Germany have expressed their interest in investing in the Iranian oil sector.

27 January 2017 , 12:12Neftegaz.RU9810

IMF: Oil-rich Russia needs either-or economic policies

Russia needs to ensure its economy is braced for an oil shock in either positive or negative terms, a deputy at the International Monetary Fund said.

16 January 2017 , 00:26Daniel J. GraeberNeftegaz.RU9440

Asia's November imports of Iranian oil more than double from year ago

Imports of crude oil by Iran's 4 major buyers in Asia in November more than doubled for a 2nd straight month from a year ago, with purchases by India and South Korea more than 4 times higher.

30 December 2016 , 12:40Neftegaz.RU10280

Rosneft signs agreement with Japan on offshore oil production

Rosneft and a consortium of Japanese companies signed a Heads of Agreement in relation to cooperation on the joint exploration, development and production of the hydrocarbons at a license block in an offshore zone of Russia.

16 December 2016 , 18:44Neftegaz.RU13930

Novatek inks Japan LNG MoUs

Mitsubishi, Marubeni and Mitsui sign co-operation deals with Novatek, with at least one for Arctic 2 LNG project, reported the russian company on December 16, 2016.

16 December 2016 , 14:13Neftegaz.RU11820

OMV and Gazprom agree basic swap terms

Austrian producer OMV and Russian monopoly Gazprom have agreed the elements of a cash-free asset swap transaction, but not yet signed the agreement, OMV said December 14, and that is expected to happen today.

14 December 2016 , 18:00Neftegaz.RU10830

Japanese banks and J.P. Morgan to provide € 800 mln credit facility to Gazprom

The Japanese Mizuho Bank and Sumitomo Mitsui Banking Corporation, as well as the american J. P. Morgan will grant a loan to Russia’s state-run gas firm Gazprom in amount of  €800 million.

13 December 2016 , 10:06Neftegaz.RU9140

China declines to react on Indo-Russian gas swap proposal

China today refused to comment on a proposal being pushed by India and Russia to swap natural gas between the countries, including Myanmar, saying it was not aware of the details and preferred to know the reactions of other parties involved.

09 December 2016 , 18:00Neftegaz.RU9880