Tue, 21-Oct-2025

Russia to reduce oil production by 500,000 barrels

Russia

Russia will voluntarily restrict oil production by 500,000 barrels per day in March. Due to the West’s price ceiling mechanism. The Russian government depends heavily on the sale of its oil. Russia expects to voluntarily restrict oil production by 500,000 barrels per day, or about 5% of output, in March. Following a series of price … Read more

Russia is ready to supply gas to Pakistan in long term: Alexander Novak

Russia is ready
  • Russia can send its natural gas to the markets of Afghanistan and Pakistan.
  •  The European market remains relevant, as the gas shortage persists.
  • He also said that Moscow is ready to resume gas supplies to Europe.

MOSCOW: Russian Deputy Prime Minister Alexander Novak said Russia can send its natural gas to the markets of Afghanistan and Pakistan in the long term, either using the infrastructure of Central Asia, or in a swap from the territory of Iran.

“The European market remains relevant, as the gas shortage persists, and we have every opportunity to resume supplies,” TASS cited Novak as saying in remarks published by the agency.

“For example, the Yamal-Europe Pipeline, which was stopped for political reasons, remains unused.”

Deputy Prime Minister also said that Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline and it can also send supplies to Pakistan and Afghanistan in the long term.

In May, Warsaw terminated its agreement with Russia, after earlier rejecting Moscow’s demand that it pays in roubles.

Earlier, Minister of State for Petroleum Musadik Malik had said that Russia will sell crude oil to Pakistan at a discounted price.

He said Russian officials had clearly told Pakistan they would provide discounted crude oil to Pakistan.

 

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Iran and Russia eye more cooperation in energy, trade

Iran

Tehran and Moscow said Wednesday that they want to expand their cooperation in energy and trade Officials said on Wednesday, as Russian Deputy Prime Minister Alexander Novak visited Iran. Both countries have massive oil and gas reserves but are hampered by Western sanctions that limit their ability to export their resources. Novak led an economic … Read more

Russian Deputy PM calls on Prime Minister Imran Khan

Deputy Prime Minister for Energy of Russia Alexander Novak on Thursday called on Prime Minister Imran Khan here, along with a delegation. Read more: PM Imran, Putin discuss regional developments, bilateral matters During the meeting, they discussed the matters of mutual cooperation in multiple fields. The prime minister is currently on a two-day official visit … Read more