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Saudi Arabia and Russia are on the verge of setting up a joint fund worth $1bn aiming at strengthening energy cooperation between the two giant oil producers. The deal is to be officially unveiled this week during the historical visit Read more
Major oil producers could be on the verge of reaching an agreement to stabilize the oil market and boost prices. Russian energy minister Alexander Novak said there are consultations between Riyadh and Moscow and they are “ready to achieve the Read more
The two-day trilateral meeting between Azerbaijan, Iran and Russia held in Baku ended on a high note on Tuesday with the adoption of a declaration of intent to upgrade their cooperation mainly in the energy and transportation areas and to Read more
Saudi Deputy Oil Minister Prince Abdulaziz bin Salman and Nigerian Oil Minister Emmanuel Ibe Kachiwkuto met in Riyadh to discuss the oil market with both parties agreeing that consultations and cooperation between all oil producers are the best way to Read more
Tehran is hosting the 11th Iran-Russia trade conference that is geared towards easing the economic and trade activities between the two countries. Iranian Oil Minister Bijan Namdar Zanganeh and Russian Energy Minister Alexander Novak concluded an important economic cooperation agreement Read more
Egypt has decided to begin work on its nuclear ambitions as soon as possible, as it awaits the arrival of the Russians to help in the implementation plans on the nuclear power station, located near the Mediterranean coast at Dabaa; Read more