Russia Produced 24 Million Tons Of Oil On The Shelf In 2023, And 54 Million Tons In Eastern Siberia
Russia produced 24 million tons of oil from offshore fields in 2023, Deputy Prime Minister Alexander Novak said at the international exhibition and forum “Russia”. In Eastern Siberia, 54 million tons were produced last year. “Back in 2003, practically nothing was produced in Eastern Siberia. Today we have 54 million …
Rosgeo, Bashneftegeofizika And MAGE Signed A “Roadmap” For The Development Of Equipment For Geological Exploration With The Russian Government
The Government of the Russian Federation signed with Rosgeologiya, Bashneftegeofizika and the Marine Arctic Geological Exploration Expedition (MAGE) a roadmap for the development of domestic equipment for geological exploration, an Interfax correspondent reported from the signing ceremony. On the part of the government, the document was signed by First Deputy …
Gas Production in Russia in 2023 Decreased By 5.5%
Production level amounted to 636.7 billion cubic meters. Russia in 2023 reduced gas production by 5.5%, to 636.7 billion cubic meters. m, and Russian pipeline gas exports amounted to 91.4 billion cubic meters. m, said Russian Deputy Prime Minister Alexander Novak in an article for the Energy Policy magazine. At …
Russia Reduced Oil Production By 1% in 2023
This is due to the country’s participation in the OPEC+ agreement, noted Deputy Prime Minister Alexander Novak. In 2023, Russia reduced oil and gas condensate production by within 1%, to about 530 million tons. This happened due to the restrictions of the OPEC+ deal, Russian Deputy Prime Minister Alexander Novak …
Alexander Novak Announced the Stagnation of Shale Oil Production in the United States
According to the Deputy Prime Minister of the Russian Federation, the industry has still not recovered from the stress of the pandemic Shale oil production in the United States is stagnating at approximately the same level, Russian Deputy Prime Minister Alexander Novak said in an interview with Business FM. US …
The Government of the Russian Federation and Gazprom Neft Signed an Agreement on the Joint Development of Russian Equipment for Oil Production
The Russian government and Gazprom Neft will join forces in the development of domestic equipment for drilling and hydrocarbon production on land. The corresponding agreement of intent was concluded within the framework of the TNF industrial and energy forum and is aimed at ensuring the technological sovereignty of the Russian …
Russia Kept Oil Production in August at July Levels
It amounted to 9.48 million b/d Russia maintained oil production in August 2023 at the level of the previous month – 9.48 million barrels per day (b/d), according to a report by the International Energy Agency (IEA). At the same time, the Russian Federation’s revenues from oil exports, according to …
Novak: Russia is Considering Accelerating the Launch of the Yuzhno-Kirinskoye Gas Condensate Field on the Sakhalin Shelf
The Vice Prime Minister noted that the priority goal is to develop gas supply to the Komsomolsk industrial hub and Vladivostok. Russia is considering accelerating the launch of the Yuzhno-Kirinskoye gas condensate field (GCF) on the Sakhalin shelf, Russian Deputy Prime Minister Alexander Novak wrote in an article for the …
Novak: Voluntary Decision to Reduce Oil Production will be Reviewed Monthly
The voluntary cut in oil exports from Russia by 300,000 barrels per day will be extended until the end of December 2023. This was stated by Deputy Prime Minister Alexander Novak. Thus, our country minimizes the risks of lower oil prices. According to the Deputy Prime Minister, the additional voluntary …
Saudi Arabia Stressed That Russia Voluntarily Reduced Oil Production
Russia’s 500,000 barrels per day cut in oil exports was not forced upon it, it was a voluntary decision, compliance checks will be monthly, said Saudi Energy Minister Prince Abdulaziz bin Salman. “We did this (reduction – ed.) partly with the support of colleagues from Russia … We received confirmation …