... thrust means that concerted action will have a much greater impact on the market, keeping oil prices at a high level. Russia has its own reasons for the decision to cut production. The country’s leadership is trying to demonstrate to the main buyers of Russian oil—primarily India, China and Turkey—that maintaining pre-sanction oil exports is not an end in itself. It is important for Russia to monetize our hydrocarbons profitably, which is why Russia is trying to reduce the discount on its oil. Moscow shows ...
The experience of US law enforcement practice shows that there will be violations of the sanctions regime, and US regulators have developed mechanisms for detecting them
The introduction of a price threshold for Russian oil has been discussed for several months. The idea was announced back in early September in a statement by the finance ministers of the G7 countries. Its essence was to prohibit the transportation of Russian oil and oil products by sea in the event that ...
In fact, the sellers’ market is being changed into the buyers’ market by artificial political methods rather than for economic reasons
G7 countries are working hard to coordinate a sanctions regime to cap prices on Russian oil and oil products. The United States is already drafting a mechanism for applying these sanctions, which its allies and partners will use as a guideline. The new sanctions in the form of legal arrangements are expected to be formalised very soon. How ...
... stemmed from problems in the economic situation deteriorating over growing prices on imported primary energy resources as well as from the uncertainty concerning long-term deliveries of said resources from Russia in the longer run. In June, imports of Russian oil dropped to zero, prompting several companies to sign additional agreements with suppliers from the Persian Gulf. Consequently, Japan’s dependency on oil imports from the region has increased to over 90%, which essentially nixed many years of diversification ...
Working Paper No. 63
Working Paper No. 63
Cooperation in the energy sector is one of the most important facets of Russian foreign policy. Interaction in this area helps to develop mutually beneficial trade relations and ensure the energy security of Russia and its partners. Energy cooperation between Russia and Turkey has been comprehensive and strategic in recent ...
... absorbed Bashneft in 2016 and thus strengthened its position, participates in the development of blocks 8, 9, 10, 11 and 13, as well as in the Block 12 project. At the same time, some companies plan to expand their activities in Iraq, and a number of other Russian oil and gas companies are interested in starting such work. The total investment of Russian companies in Iraq exceeds $13 billion.
Iraq itself continues to be subject to the dynamics of the US confrontation with Iran, and it remains unclear if the upcoming ...
... bilateral relations, though the process is being complicated by Iraq’s precarious political situation and the global coronavirus crisis
Russia’s key business interests in Iraq lie in the energy sector and hinge on the global oil and gas market, and Russian oil giants are continuing to operate on the ground despite the novel coronavirus and volatile international oil prices.
Russian Ambassador to Iraq Maksim Maksimov said in a recent interview with the Interfax news agency, “Iraqi offices and branches ...
...
ambiguity in positions
between captains of the Russian oil business and the Kremlin.
Andrey Kortunov:
Why the G20 Won’t Save the World
Rosneft, Russia’s primary state-run oil company, has long
lobbied for Russia
to pull out of the deal, and Lukoil, Russia’s major private oil company, has been counting its losses.
“OPEC+ has definitely made its own contribution to the overall balancing of the [oil] market through [agreements on] production cuts,"
Rosneft CEO Igor Sechin
said in a recent ...
Russian Oil Companies Return to post-Saddam Iraq
Russian energy companies in Iraq have maintained their presence in the country regardless of the political forces in power, working within the current domestic political situation. Prior to the Syrian campaign ...
... Russia’s potential. They can refer to successful experience of large-scale oil and gas projects in the region performed by Russian business, participation of Russia in the development of regional infrastructure, coordination of pricing approaches in global oil markets, and many other examples of Russian-MENA cooperation that go beyond traditional security. Nevertheless, the experts who do not belong to the category of professional haters and detractors of Russian foreign policy deserve some attention.
Let us recall that the popularity of the ...
