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A Russian official delegation Monday presented to Lebanon project offers covering oil and electricity, as well as the reconstruction of the ports of Beirut and Tripoli, reports say. The delegation also made business people in the Middle East country for Read more
Russian state-run energy company Rosneft has begun promotion of the Northern Sea Route through which it hopes to begin in 2024 its massive Vostok Oil project as the alternative to the Suez Canal which was closed to traffic for days Read more
Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Angoche and Zambezi basins in the Republic of Mozambique. The agreement is subject to customary regulatory Read more
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
Oman could be accepting advance payment for its oil in order to curb its budget deficit and debt as the government is challenged by a significant budget deficit gap expected to continue increasing due to the low oil prices. Sources Read more