Russia Developing New Oil Fields in Iran

SHANA (Tehran) - Tehran and Moscow reviewed their past 3 years of economic cooperation, comprising all the interested bilateral issues, in the framework of the Iran-Russia Economic Cooperation Joint Commission, reaching good deals with regard to developing new oil fields in Iran.

Iran-Russia Trade Up By 48 Percent, Novak

SHANA (Tehran) - The volume of bilateral trade between Iran and Russia increased by 48 percent during the first quarter of 2024 when compared with corresponding period last year.

Owji And Novak Stress on Consolidating Iran-Russia Relations

SHANA (Tehran) - Iranian Minister of Petroleum Javad Owji who is visiting Moscow has said that the two countries will continue expanding bilateral relations.

Novak: Russia will cut oil output in Q2 to catch up with other OPEC+ countries

Russia has decided to focus on reducing oil output rather than exports in the second quarter in order to evenly spread production cuts with other OPEC+ member countries, Deputy Prime Minister Alexander Novak said on Friday.

Owji, Novak discuss Iran-Russia cooperation, oil market

SHANA (Tehran) – Iran’s Oil Minister Javad Owji and Russian Deputy Prime Minister Alexander Novak hold phone talks on bilateral cooperation and oil market on Monday.

Russia eyes additional oil export cuts of about 50,000 bpd in Dec.: Novak

Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or more, earlier than promised, as the world's biggest exporters try to support the global oil price.

Russia's Novak: OPEC+ stands ready to take action

Russian Deputy Prime Minister Alexander Novak said on Friday that OPEC+ group of leading oil producers will be ready to make a decision if market situation would require it.

Owji says Iran-Russia ties ‘have entered a new stage’

SHANA (Moscow) – Iranian Oil Minister Javad Owji on Wednesday said Tehran-Moscow ties “have entered a new stage” and the two sides are determined to deepen their relations.

Russia, Saudi Arabia discuss oil market, prices

Saudi Arabia and Russia, the world's top two oil exporters, on Wednesday discussed the situation on the oil market and prices amid the escalating conflict between Israel and Hamas, President Vladimir Putin's top oil official said.

Russia to decide in November whether to deepen output oil output cuts or raise production – Novak

Russia will consider next month whether to deepen its voluntary oil production cuts or increase output, while separately continuing its current export cuts until the end of the year, Deputy Prime Minister Alexander Novak said on Wednesday.

Novak: Global oil demand to grow by 2.4m bpd this year

The global oil demand has recovered after the coronavirus pandemic and will grow this year by 2.4 million barrels per day (bpd), Russian Deputy Prime Minister Alexander Novak said in an interview with the Rossiya-24 TV channel.

Iran, Russia sign statement of cooperation

SHANA (Tehran) – Iran and Russia inked a statement of cooperation here on Wednesday in the presence of Iran’s First Vice President Mohammad ‎Mokhber and Russian Deputy Prime Minister Alexander Novak.

Iran, Russia to complete International North-South Transport Corridor

SHANA (Tehran) – Iran and Russia signed an agreement to build Rasht-Astara railway in order to complete the International North-South Transport Corridor (INSTC), Russian Deputy Prime Minister Alexander Novak said on Wednesday.

In the presence of Owji, Novak:

Iran, Russia delegations discuss cooperation in energy sector

SHANA (Tehran) – Tehran and Moscow discussed their cooperation in the energy sector in the presence of Iran’s Oil Minister Javad Owji and Russia’s Deputy Prime Minister Alexander Novak here on Tuesday.

Deputy PM: Russia sticking to its oil output cuts

Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 barrels per day (bpd) from February until the end of the year.

Russia to Boost Investment in Iran Oil Fields: Novak

RUSSIA (Shana) -- The Deputy Prime Minister of Russia called the relations between Iran and Russia trustworthy and at a high political level, and said: “The amount of Russian investment in Iran's oil fields will increase.”

Deputy PM Novak Calls Iran Reliable Trading Partner of Russia

SHANA (Tehran) – Russian Deputy Prime Minister Alexander here on Wednesday said Iran is an old and reliable trading and economic partner of his country.

Iran, Russia Sign Three Cooperation Documents

SHANA (Tehran) – Iran and Russia here on Wednesday signed three cooperation documents.

Iran, Russia to Hold Energy Talks During Novak Visit

SHANA (Tehran) — Iran and Russia are scheduled to hold a meeting on bilateral cooperation in the energy sector here on Wednesday.

Iran, Russia Stress Need to Deepen Energy Cooperation

MOSCOW (Shana) – Iranian Minister of Petroleum Bijan Zangeneh and the Russian Deputy Prime Minister, Alexander Novak, called for deepening cooperation between the two countries in various fields, especially energy.

Zangeneh Talks with Russia’s Novak Prior to OPEC Meeting

TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh discussed topics regarding the upcoming OPEC meeting with his Russian opposite number Alexander Novak.