Search: OPEC+ (6 materials)

Russia — UAE Cooperation in the Energy Sector

... bilateral cooperation in both tra­ditional and “new” relations, seeking low-carbon energy, and achieving sustainable development goals. Generally, Russia-UAE participation in interna­tional organizations and agreements, such as the Paris Agreement, OPEC+, and several others, are based on fairly well-developed mechanisms of bilateral cooperation and mutual interests. The development of mutually beneficial eco­nomic cooperation between the two countries has been rather impressive. By 2022 trade turn­over ...

08.11.2023

OPEC+ Cuts Production

The West believes the decision to cut oil production undermines the Western economies, thus denying OPEC+ nations the right to pursue their own economic interests On April 3, 2023, OPEC published a press release saying that a number of countries, both members of this cartel and those participating in the extended OPEC+ format, decided to cut oil ...

26.04.2023

Russia, Iraq Face OPEC+ Cuts, Look to New Deals

... the Iranian sanctions’ exemptions. The United States has repeatedly extended the period of a sanctions waiver for Iraq — most recently in September — due to Baghdad's dependence on Iran’s gas and electricity. Iraq’s need to comply with the OPEC+ quotas has a negative impact on the situation, since with the cut of oil production in Iraq the volume of associated gas production also decreased. And this, in turn, again increases dependence on the gas imported from Iran. Ruslan Mamedov: Russia ...

10.11.2020

Russia Doubles Down on Iraq Despite COVID-19

... operators have specific tried-and-tested plans in place, which may even involve repatriation. However, we hope that it will not be necessary to resort to these crisis-response scenarios.” Ruslan Mamedov: A New Oil Campaign in Iraq Speaking about the OPEC+ deal , Maksimov said, “The agreement to cut global petroleum output will definitely be welcomed in Iraq, which will allow the authorities to stabilize the budget policy and continue their efforts to restore the economy.” Still, he mentioned ...

28.04.2020

Good News From the Parallel Energy Sector

As someone who also anchors a weekly television programme I should say that despite the endless debate around correct measuring of TV ratings, they do reveal certain trends. The first conclusion to be made based on the results of these weeks is that when people are at home, they are once again turning on their “old-fashioned” TV sets. Ratings are on the rise worldwide. As someone who also anchors a weekly television programme I should say that despite the endless debate around correct measuring...

16.04.2020

Can Russia, Saudi Arabia Strike New OPEC+ Deal with US Help?

As the OPEC+ deal has expired, Russia and Saudi Arabia remain at odds, though the United States offered encouraging words that production cuts might be negotiated The Russian-Saudi feud over oil production has destabilized the market even as the industry faces ...

03.04.2020

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