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Russian oil & gas firms plan to invest $20 BILLION in Iraq’s energy industry

Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee at the Russian Federation Council, has announced. The companies may spend up to $20 billion on oil projects in Iraq, Fyodorov said at a meeting with Iraqi Ambassador to Russia Abdul-Rahman Al-Husseini, according to Russian media.

read more... 11/02/2020


Belarus plans to buy Russian oil at world prices

Belarus doesn’t need any special exclusive terms, Belarusian First Deputy Prime Minister Dmitry Krutoi says

read more... 10/02/2020


Daily (07.02.2020): An oversupplied system and lower LNG prices weighed on UK’s gas market on Thursday

Oil prices varied on Thursday on mixed signals from OPEC and its partner Russia about potential further output cuts to reduce the impact of any weakening in global demand due to the coronavirus outbreak.

read more... 07/02/2020


Lithuania could take 'legal measures' to restrict Russian gas imports

A small amount of Russian gas doesn't pose a threat to the country's energy independence, according to the Lithuanian energy minister, after a report by Lithuanian intelligence bodies said Russian supplies pose a risk to national security.

read more... 05/02/2020


Russia’s Oil Giant Lukoil Plans $100B Investment Over Ten Years

As part of a new development strategy, Lukoil plans to invest more than US$100 billion in various projects, primarily in Russia, Vagit Alekperov, the chief executive of Russia’s second-largest oil producer, told President Vladimir Putin during a meeting on Tuesday.

read more... 29/01/2020