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Will the russian Turkish stream be launched, or an apology to Erdogan is not enough?

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News // Economy

Russia plans $600 bln investment for Arctic oil

Russia plans to invest between $400 billion and $600 billion for the development of energy resources in the North Pole.

30 March 2017 , 14:15Neftegaz.RU5230

Will Russia ditch its ambitious oil tax reform?

2018 was supposed to be a transformative year in Russia – presidential elections are looming, the Russian economy is expected to bust out of its current slump and the oil sector’s tax regime was set for significant changes. The long-mooted move to implement a switch to an excess-profits tax-based (EPT) regime has long been the pet project of Russia’s Ministry of Finances, yet recent developments suggest the ambitious scope of the proposed reforms will most likely be brought to naught.

27 March 2017 , 00:03Viktor Katona, Expert at the Russian International Affairs Council in BudapestNeftegaz.RU3980

Oil-rich Russia revises GDP growth estimate higher

As crude oil prices recover from last year's historic decline, the Russian finance minister said the outlook for gains in gross domestic product have improved.

21 March 2017 , 12:13Neftegaz.RU5090

S&P upgrades Russia outlook to positive

The Standard and Poor's agency raised its outlook for Russia's credit rating to positive from stable.

20 March 2017 , 10:34Neftegaz.RU4320

Fitch: Azerbaijan's energy company facing mixed pressures

The state energy company of Azerbaijan, a party to OPEC-led balance efforts, beat its peers in terms of revenue, but remains pressured, a ratings agency said.

17 March 2017 , 16:26Daniel J. GraeberNeftegaz.RU5030

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.RU4590

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.RU5400

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.RU5370

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.RU4670

Turkish imports fall in 2016

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

27 February 2017 , 17:29Neftegaz.RU5630

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.RU5130

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.RU5990

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.RU5070

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.RU5350

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.RU7620

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.RU7710

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.RU6580

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.RU6640

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.RU5520

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.RU7010

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