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Tag Archives: Russia

Rosneft Becomes First Oil Major to Pre-Finance Kurdish Crude

The logo of Russia's Rosneft oil company is pictured at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. Picture taken August 4, 2016. REUTERS/Sergei Karpukhin

Russian state oil firm Rosneft has become the first major oil firm to pre-finance crude exports from Iraq’s Kurdistan, joining trading houses in the race for crude from the semi-autonomous region. “We look forward to developing new markets for Kurdish crude oil,” a statement by Rosneft quotes chief executive Igor …

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Russia Reaffirms its Support for Kurdistan Region

nechirvan barzani russia lavrov

Prime Minister Nechirvan Barzani and his delegation met Russian Foreign Minister Sergey Lavrov on the sidelines of the SPIEF’16 – St. Petersburg International Economic Forum. Welcoming Prime Minister Barzani, Foreign Minister Lavrov highlighted Russia’s good relations with the Kurdistan Region including the active roles of the Consulate General of the …

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Oil Prices Rise as Big Producers Plan to Discuss Output

Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, January 25, 2016. REUTERS/Sergei Karpukhin

Oil prices rose above $40 a barrel on Wednesday, driven by anticipation that the world’s largest exporters could agree this month to freeze production and help erode the largest global build in unwanted crude in years. Producers in and outside the Organization of the Petroleum Exporting Countries plan to meet …

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