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Energy Summit

The summit of energy companies will assemble the heads of industry majors, from upstream operators to equipment suppliers. The discussion will focus on the current issues of the fuel and energy sector.

The role of oil industry in ensuring sustainable economic growth and bridging the inequality gap.

Oil and gas projects contribute to creating stable jobs, support salary growth and decrease income gaps. The average salaries in Russian oil and gas provinces are higher than nationwide. Overall, fuel and energy orders, income and fiscal revenues from them contribute to the nation’s economic growth and wealth.

Oil majors’ resource capacity and production outlook.

According to the Union of Oil & Gas Producers, Russia’s reserve life is double than the global average – 24–30 years vs 12–15 years. However, Russia has much lower amounts of efficient reserves whose recovery is technologically and economically feasible.

Technologies for the oil industry.

DNV GL estimates that by 2025 oil and gas drilling will be fully automated. State-of-the-art systems for life cycle management at complex facilities will ensure efficient collection and storage of both external data (for example, sensor readings) and ideas, developments and documents made in operation.
Digital Oil Field and Integrated Operation on Oil Field technologies are of special interest. Experts believe these will spread worldwide in 10–15 years and Russia as a country with huge oil and gas reserves is set to become a powerhouse of technology advancement. For example, Tatneft uses its automated production control system with ongoing model recalibration.

Supply of capital: changing investment case in oil and gas.

In 2016, at the St. Petersburg International Economic Forum, Rosneft’s CEO Igor Sechin said weak oil prices and volatility had led to a loss of about USD 350 billion of investments worldwide, which would affect the whole market in the medium term.
According to a 2016 survey by Deloitte, oil and gas managers and experts say the key issues are restricted access to capital under sanctions and staff shortages (64% и 46%, respectively). Only 18% expect a greater investment inflow.
In 2016, the Ministry of Energy estimated the Russian fuel and energy sector’s investment appetite at RUB 30 trillion through 2020.

The role of the state in oil and gas.

Taxes are the most important factor for the industry. By 2018, Russia plans to transfer from production tax to excess-profit tax to be diversified based on returns on every specific project.
The state regulates what oil and gas companies do and protects their interests on the global arena. In 2016, with the support of Russia’s trade mission in Egypt, several Russian oil and gas companies were able to sign a number of lucrative contracts (for example, Rosneft joined the project of Zohr giant gas field development).
Since March 2017, Russia has been in talks with Iran on oil and gas contracts worth USD 10 billion. The Russian Government also contributed to signing the contract to increase oil supply to China to 91 million tonnes by 2023.
Besides, Russia has entered into agreements with 82 countries to avoid double taxation, which extends opportunities to do business overseas.

The future of natural gas business for oil companies.

ВР and the International Energy Agency estimate that in 2035–2040 the consumption of natural gas will grow by 1.6–1.9%. By 2040, the overall demand will grow by 50%.
Most oil majors produce natural gas as well. For example, in 2016 Shell made a decision to increase investment in gas projects (including liquefied natural gas). Rosneft plans to reach 100 billion cubic metres in production by 2020 (vs 67 billion cubic metres produced in 2016).

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Russia's economy adjusts to sanctions as growth bounces back — analyst

The St. Petersburg International Economic Forum's results will help the country’s leadership to identify rational proposals and achieve the optimal trajectory of structural reforms

Iran has no plans to immediately retaliate to attack on its soil — agency

"We have not received any external attack, and the discussion leans more towards infiltration than attack," a senior Iranian official reported

Russian government increases customs duties on beer from unfriendly countries

This measure is not a prohibitive one and will make it possible to make competitive conditions equal for Russian producers, the ministry said

S-500 system to be supplied to Armed Forces after 2015

Victor Gumenny said the advanced systems may solve the tasks of air-space defence and may fight hypersonic weapons

US gives nod to Israeli operation in Rafah in exchange for canceling major attack on Iran

According to the media outlet, "the US administration will support the plan for a military operation in Rafah put forward earlier," which provides for dividing the city into numbered sectors that will be mopped up one by one

Lavrov speaks of West’s agony, Russia’s approach to any future talks with Kiev

The Russian foreign minister also described Armenia and Russia as more than formal allies

Moscow International Film Festival kicks off

MIFF President Nikita Mikhalkov, a celebrated Russian film director, declared the festival open, praising the bravery of foreign cultural figures who are visiting Russia at this time

Water in Kurgan above dam, breaking records

More than 100 employees of the Russian Ministry of Emergencies are fencing the shores and filling the least reliable dam segments

One crew member of jet crashed in Stavropol Region killed, search for another continues

According to the Russian Defense Ministry, an Aerospace Forces’ Tu-22M3 bomber crashed after completing a combat mission while returning to the airfield

Swiss parliament votes against joining task force on frozen Russian assets

The group contains US finance and justice ministers, representatives of Australia, the UK, Germany, Italy, Canada, France, Japan, as well as the European Commission

Ukrainians abroad storming embassies to avoid mobilization, Russian diplomat says

On Tuesday, Ukrainian President Vladimir Zelensky signed the mobilization law passed by the Verkhovna Rada (parliament) in the second and final reading on April 11

French, US, British nukes all interwoven — Russian diplomat

Maria Zakharova described France’s decision to place its aircraft carrier, the Charles de Gaulle, directly under NATO control as a symbolic move marking the end of "the era of an independent Paris in the international arena"

Russian investigators start inquiry into financing of terrorism by US, NATO officials

Investigators have established that the funds that were received through commercial organizations, such as the oil and gas company Burisma Holdings operating in Ukraine, have been used to carry out terrorist acts in Russia and abroad

US assured Israel that Iranian drones will be intercepted — US journalist Hersh

He also said that the US military contacted Russia and the United Kingdom while evaluating the potential of the Iranian attack

Chinese analyst sees US veto on Palestine as reflection of arrogance, double standards

Wang Wen stated that it’s still very hard to achieve a settlement of the Israeli-Palestinian conflict

Shoigu orders additional tank protection sets for Ukraine operation

The minister also inspected the training process in Omsk Armor Engineering Institute

About 30 events in 26 countries to be held as part of Russian Film Festival — minister

The geography of work in the culture sphere was wider before but "all the horizontal ties are kept," Olga Lyubimova noted

West close to sending military to Ukraine, this would 'drag Europe to bottom' — Orban

"This military whirlpool can drag Europe to the bottom. Brussels is playing with fire and angering God," the Hungarian prime minister said

Russian stock indices rising on Friday

The MOEX Russia Index edged up by 0.44%, the RTS Index surged by 1.13%

Founder of neo-Nazi cell in Crimea flees to Georgia — source

According to the official, the investigation established that Mikhail Maurov planned to travel to Ukraine to join the ranks of a right-wing Ukrainian organization called the Freedom of Russia Legion

North Korea conducts new anti-aircraft missile test — KCNA

A power test of a super-large warhead designed for "Hwasal-1 Ra-3" strategic cruise missile was held as well

Lavrov labels way West ramping up sanctions against Russia as mindless

According to the foreign minister, Russia has decided not to depend on the West in all spheres, including those in which it can limit the country's development

Three Ukrainian soldiers swim across Dnieper to surrender to Russian troops — governor

Vladimir Saldo called on other Ukrainian servicemen to switch to the Russian side and request the corresponding assistance

Ukraine’s military loses positions near Avdeyevka, says DPR

Igor Kimakovsky said that Ukrainian forces suffered heavy casualties among personnel and military hardware, including Western equipment

BRICS’ expansion makes it much stronger — senior Russian diplomat

Egypt, Iran, the United Arab Emirates, Saudi Arabia, and Ethiopia, became full-fledged members of BRICS from January 1, 2024

Blast rocks military base south of Baghdad — Reuters

According to the news agency, one PMF fighter was killed and six were wounded

Putin signs law on holding World Friendship Games

Funding will be provided from the federal, regional and local budgets, as well as taxes from gambling transferred to the organizer

Ukrainian POW exposes poor battlefield performance of NATO-supplied Javelins, NLAWs

He also revealed that some weapon batches contained anti-armor systems whose service life had expired

Two pilots of jet that crashed in southern Russia hospitalized

The plane crashed in a field in the Krasnogvardeysky district of southern Russia’s Stavropol Region

Participation in ‘Columbine’ movement may result in life sentence — Prosecutor General

Earlier, the "Columbine" movement was recognized a terror group

Russian instructors help train over 10,000 Central African troops — CAR president

According to Faustin-Archange Touadera, since becoming the president, his actions have been guided by the need "to modernize the army and take into account new challenges"

No plans for pauses in fighting if talks on Ukraine begin, Lavrov says

The Russian foreign minister emphasized that the situation on the ground had changed significantly

Russian economy proves resilience amid large-scale sanctions — IMF

The IMF states that the restrictions led to the need to rebuild the economy

World’s anti-doping agency WADA still waits for Russia’s 2023 financial contribution

Russian Sports Minister Oleg Matytsin said in February that the Russian side had agreed with WADA to pay the membership fee for the year of 2023

Russia knows French military instructors working in Ukraine — Lavrov

At the same time, the top Russian diplomat pointed out that "there is information that not only French mercenaries, but also instructors, maybe even together, but along with some other representatives of military and special services of European countries are working there [in Ukraine]"

Kiev ordered mandatory evacuation from Kharkov Region to accommodate mercenaries

Evacuation campaigns are regularly organized by the Kiev government, under the pretext of security issues

Death toll in Gaza Strip since tensions escalated exceeds 34,000 — Health Ministry

It is reported that just over the past 24 hours alone, 42 people have been killed and 63 wounded

Russia to scrap moratorium on intermediate missiles if US deploys them anywhere — MFA

Sergey Ryabkov said the US seeks to maintain military superiority in a great variety of areas

US-led coalition’s aircraft violate Syrian airspace 13 times in past day

Two shelling attacks on the positions of Syrian government army by the Jabhat al-Nusra groups were reported in the Idlib de-escalation zone

Drones downed over Isfahan cause no damage, says Iranian foreign minister

It is reported that several drones had been intercepted by the national air defense forces over Isfahan

G7 leaders to decide on Russian assets use — Italian Deputy PM

Recommendations on opportunities of using frozen Russian assets in interests of Ukraine will be presented before the G7 summit in June 2024

Russian military base may appear in CAR’s eastern region — President Touadera

According to the president, this step will help strengthen his country’s defense potential and contribute to bolstering the national armed forces’ capabilities

Iran threatens to attack Israel's "nuclear centers" in case of aggression on its part

Ahmad Haqtalab argued that Israel had been conducting "subversive and terrorist activities" against the Islamic republic's nuclear infrastructure for year

West wants to make Transnistria hotbed of tension — Lavrov

According to the top Russian diplomat, the leaders who rule countries where they claim to be from while holding foreign passports "will not enjoy support and authority for long"

Final statement by G7 top diplomats to call for supplying more air defenses to Kiev

Earlier, Ukrainian Foreign Minister said Kiev required US-made Patriot systems and Italian-French Samp-T theatre antimissile systems

Russia delivers 34 strikes on Ukrainian military infrastructure over week — top brass

The Ukrainian army lost more than 3,550 troops, four tanks and five armored combat vehicles in battles with Russian forces in the Donetsk area over the past week, the ministry reported

Russia’s defense chief inspects production of tanks, flamethrowers at Siberian enterprise

Sergey Shoigu handed down an instruction for the defense enterprise to ramp up the production of T-80BVM tanks, the Defense Ministry said

Ukraine’s new ethnic minorities law insufficient to protect Magyars — Hungarian president

According to Katalin Novak, Hungary’s call for the rights of the Hungarian minority in Transcarpathia to be respected should be viewed as a common European demand

Hungary to not intervene in Ukrainian conflict on any side, PM says

Viktor Orban believes the first phase of the conflict, which included proposals on sending troops to Ukraine, is over

Proposals on Russian assets confiscation undermine financial system — Finance Minister

Russia urges the International Monetary Fund to resume the effort of improving the global monetary and financial system, Anton Siluanov noted

American Abrams tanks vulnerable even to Soviet-era weapons, says expert

US President Joe Biden announced on January 25 that Washington would hand over 31 M1 Abrams tanks to the Kiev regime

Global economy’s condition improving — Russian Deputy PM

The process is largely driven by increasing contribution of developing countries, Alexey Overchuk said

Iran suspends flights above several cities amid reports of air attack — IRNA

Fox News said the Jewish state delivered a limited strike on Iran

Ukrainian trace obvious in Crocus City Hall attack — Russian prosecutor general

The law enforcement employees exert efforts to identify the instigators of this crime, Igor Krasnov said

West can’t comprehend Russia’s resilience — Lavrov

"They would have been scared had anyone come down on them with similar ferocity," the Russian foreign minister added

Armenia has to define CSTO’s zone of responsibility on its territory, says Lavrov

On March 12, Armenian Prime Minister Nikol Pashinyan stated that Yerevan asked its CSTO partners to answer where the CSTO's zone of responsibility in the republic was

French president says creating Israeli-type air defense network for Ukraine impossible

Emmanuel Macron added that Europe’s resources are limited, and the European Union will continue helping Kiev keeping in mind its own reserves

Armenia’s relations with Russia not at their highest — top diplomat

Ararat Mirzoyan also said that Yerevan is currently making efforts to expand cooperation with the European Union and the United States

Senior Chinese official to take part in conference on security in Russia — diplomat

The conference will take place from April 23 to 25 in St. Petersburg

Hungarians in western Ukraine should get their rights back, Budapest says

"The Hungarian community’s opportunities to use its native language in the fields of education, culture, media and self-governance have been significantly limited," Foreign Minister Peter Szijjarto specified

No foreign state attacks Iran — TV

Earlier, the media reported, citing a US official, that Israel had launched a missile strike on a site in Iranian territory

Russian Cabinet expands list of perfumery, cosmetic products subjected to import duty

"The effect of the customs duty totaling 35%, renewed in December 203 in respected of imported perfumery, cosmetics and home care products will cover certain new positions of these products from unfriendly countries," the ministry said

Russia has significant amount of West’s funds in case of confiscation of its assets

Russia views the West’s encroachment on its assets as "a blatant and shameless theft for the purpose of lining its pockets," Maria Zakharova noted

Russia’s advanced radar in Kaliningrad to monitor entire territory of Europe — source

The first Konteiner radar went on combat duty in the Volga area region of Mordovia on December 1, 2019

Nearly half of those present in UN Security Council hall walk out before Israel’s address

israeli Permanent Representative Gilad Erdan was to address the council after Palestinian envoy Riyad Mansour

US House passes procedural vote on Ukraine aid bill

It cannot be ruled out that the House of Representatives may pass this package as early as Saturday

Grossi ignores ‘elephant in the room’ in Zaporozhye nuke plant situation — Russian envoy

Dmitry Polyansky noted that the IAEA chief is being very cautious about the issue of attacks on the nuclear facility

Kiev lacks both troops and equipment near Chasov Yar in DPR, says retired general

Military commanders of Ukrainian army brigades "lack both personnel and the required amount of equipment" while Russian troops enjoy a considerable superiority, especially in artillery, Sergey Krivonos noted

Security guarantees on Ukraine did not apply to Crimea, Donbass — Lavrov

The Russian Foreign Minister noted that "Ukrainian negotiators came and said that, for example, on the issue of maneuvers with the participation of third countries, let's replace the wording 'if all guarantor countries agree' with 'unless the majority agrees'"

BRICS looking at creating common digital payment platform

Russian Deputy Foreign Minister Sergey Ryabkov said that BRICS nations have already established a special channel for information exchange between their central banks

Russian forces destroy Ukrainian command post, two S-300 missile launchers over day

Russian forces improved their frontline positions and repelled a Ukrainian army counterattack in the Donetsk area where the enemy lost roughly 590 troops over the past day, the ministry reported

Russia's revenues from oil exports remain high despite price ceiling — IMF

Earlier in its report on the development of the world economy, the IMF noted that Russian oil is sold on the world market mainly above the price ceiling that the West tried to set

Kremlin declines to comment on alleged assassination attempt on Zelensky in Poland

The Security Service of Ukraine announced earlier that in a joint operation with law enforcement agencies in Ukraine and Poland it thwarted an attempt to assassinate Ukrainian President Vladimir Zelensky

Lavrov says Borrell let it slip that Europe ‘fighting against Russia’

Russia’s top diplomat noted that Josep Borrell may made the statement in a moment of weakness

Ukrainian drone damages energy infrastructure in Russia’s Kaluga Region

There are no casualties, Governor Vladislav Shapsha said

Major Western investor accuses Zelensky's office of extorting millions of euros

Arnulf Damerau said that he provided details of the meeting, along with evidence and a list of names of those involved, to US and European intelligence agencies

Russia won’t allow NATO to move closer in Ukraine — Lavrov

There is still no full clarity regarding the future of Ukraine's western regions, the Russian foreign minister went on to say

NATO discussing transfer of ‘deep precision strike capabilities’ to Ukraine — Stoltenberg

Stoltenberg said NATO believes Ukraine has the right to strike "legitimate military targets" inside Russia

Russia can join top three countries by lithium reserves — governor

Infrastructure is required to implement the investment project, both power transmission lines and the railroad, Andrey Chibis noted

Israeli aviation strikes towns in Gaza Strip

According to Al Jazeera, air strikes hit the towns of Deir al Balah and Rafah

Russia not to go for settlement on Ukraine based on 'Zelensky formula' — Lavrov

The top Russian diplomat referred to a swindling trick used by a thimblerigger who puts a small round object, such as a ball or pea, under one of three thimbles or cups and asks the player to guess under which the object is, while unfairly manipulating this object

Switzerland does not suit Russia for negotiations on Ukraine — Lavrov

The Foreign Minister pointed to the fact that Switzerland is on board with all Western sanctions

Ukrainian drones continue to fly over Zaporozhye NPP — press service

On April 19, the Ukrainian military attacked the training center of Zaporozhye NPP again, but the drone was neutralized over the roof of the building

Russian economy positively influences neighboring countries — Deputy PM

In 2023 the Russian economy has demonstrated remarkable resilience and growth, Alexey Overchuk said

Unidentified man attempts suicide outside courthouse where Trump trial is underway

The man set himself on fire

US volunteer Russel Bentley missing in Donetsk killed — RT editor-in-chief

Bentley came to Donbass from the United States in 2014

Court arrests another man accused of blowing up car of former SBU officer in Moscow

Ivan Paskar is charged with illegally transporting explosive substances, but he does not recognize his guilt

Russian military closely monitors all Ukrainian 'novelties' — Kremlin on UAVs

Earlier, it was reported that Ukraine had developed a UAV with a range of up to 3,000 kilometers

Iran may target Israeli nuclear center in Dimona in case of Israel’s attack — TV

Ahmad Haghtalab said on April 18 that Tehran has identified the location of Israel's "nuclear centers" and will be ready to destroy them in case the Jewish state responds to the recent Iranian attack on Israeli military facilities

CIA chief says Ukraine could lose by end of this year — Politico

William Burns said "there is a very real risk that the Ukrainians could at least put Putin in a position where he could essentially dictate the terms of a political settlement"

EU ministers to discuss use of Russian assets for Ukraine on April 22 — EU official

Earlier, President of the European Commission, Ursula von der Leyen, said that the European Union intends to invest the first 2.5-3 billion euros of profits raised from seized Russian assets in military assistance for Ukraine

FACTBOX: Collective Security Treaty Organization

The Collective Security Treaty came into force on April 20, 1994 to herald the emergence what would eventually become the Collective Security Treaty Organization. The six member-countries are Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan

Izvestia correspondent Semyon Eremin killed in special operation zone

The tragedy occurred near the village of Priyutnoye located on the border of the Donetsk People’s Republic and the Zaporozhye Region

Press review: Biden backs aid to Israel, Ukraine and Russia assets giving West legal fits

Top stories from the Russian press on Friday, April 19th

Polish premier refuses to hand over his country’s Patriot systems to Ukraine

Donald Tusk said that German Chancellor’s call to send more air defense systems to Kiev had no relation to Poland, provided the country's geographical position near the frontline

US 'not forgetting' to help itself with aid to Ukraine — Kremlin

"In any case, whatever the modality of providing this aid, de facto it is about provoking Ukraine into further hostilities down to the last Ukrainian, putting guarantted money in the pockets of the US," Dmitry Peskov said

Military base near Iran’s Isfahan hit following attack — newspaper

The sources said that Iranian forces managed to destroy several small drones near the city of Tabriz, about 800 kilometers from Isfahan

Russia ready for Ukraine talks, but not with Zelensky — Lavrov

The first negotiations between Russia and Ukraine after the start of the special military operation took place in early March 2022 in Belarus, but they did not bring tangible results

Two people killed in borderline Belgorod Region in Ukrainian drone attack — governor

According to Governor Vyacheslav Gladkov, a private residence in the village of Poroz caught fire when the unmanned aerial vehicles dropped two explosive devices

North Korean leader arrives at public event in Aurus luxury car gifted by Putin

On April 10, the vehicle was also spotted when the North Korean leader visited Kim Jong Il Military and Political Academy

KazMunayGas, Sibur, Sinopec sign protocol on plant construction in Kazakhstan

Construction of the plant in the Atyrau region is planned to be completed by 2029