Alexander Novak

Gazprom Neft, as part of the federal project “Technologies for the Development of Hard-to-Recover Hydrocarbons”, has developed a set of solutions that will make it possible to bring up to 9 billion tonnes of “hard” oil into production in Russia. The results of the program were presented to Alexander Novak, …

Gazprom Neft Builds Russia’s First Multifunctional Rotational Camp at an Autonomous Field in Khanty-Mansi Autonomous Okrug–Yugra. Gazprom Neft has created the first in Russia multifunctional rotational camp at an autonomous field in Khanty-Mansi Autonomous Okrug–Yugra for the life, work, and recreation of employees at a level comparable to that of …

The Russian Federation and the Kingdom of Bahrain have discussed the terms of Russian energy supplies to Bahrain, as well as the possibilities for joint cooperation in geological exploration and the production of oil and gason Bahrain’s continental shelf with the participation of Russian companies, according to an official statement …

It is necessary to fine-tune the tax system in the Russian Federation in order to stimulate the development of hard-to-recover oil reserves, as this will make investments in both reserves and technologies economically viable, according to Alexander Novak, Deputy Prime Minister of the Russian Federation. “As of today, hard-to-recover, high-water-cut, …

The volume of oil production in Russia in 2025 is projected at 515-520 million tons. This was announced to journalists by Russian Deputy Prime Minister Alexander Novak. “Around 515-520 million tons,“ he said, answering a question about the forecast for oil production this year. By the end of 2024, oil …

Western oil and gas companies can return only if it is beneficial to Russia, if they bring something new to the industry and do not harm Russian companies. This was stated to journalists by Deputy Prime Minister Alexander Novak on the sidelines of the congress of the Russian Union of …

Russia and Azerbaijan are considering the possibility of implementing new joint projects, including on the Caspian shelf, Russian Deputy Prime Minister Alexander Novak said. “In general, there are a number of new projects, including on the Caspian shelf, which is being considered potentially for joint implementation,“ he told RT. According …

As the Deputy Prime Minister noted, the transfer of fields producing viscous and super-viscous oil to the 3rd group of AIT will additionally ensure an increase in the level of oil extraction in the country to 50 million tons by 2035 Russian oil workers transferred 52% or about 250 million …

The transfer of fields with viscous and extra-viscous oil to the third group for the payment of tax on additional income from production (API) will allow increasing production to 50 million tons by 2035, said Deputy Prime Minister Alexander Novak in an opinion article in the Energy Policy magazine. “Since …

The preliminary plan for oil and condensate production in Russia for 2024 is 523 million tons, gas – 667 billion cubic meters, said the head of the Russian Ministry of Energy Nikolai Shulginov. “Preliminarily – 523 (million tons – ed.) oil, gas – 667 (billion cubic meters – ed.),” he …