Alexander Novak


Last quote by Alexander Novak

If the price will be in this range, we believe that would be a good
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Oct 05 2017 OPEC
Alexander Novak has been quoted 63 times. The one recent article where Alexander Novak has been quoted is Russia's energy minister says compliance for OPEC production cut is 'almost 100 percent'. Most recently, Alexander Novak was quoted as having said, “We believe that perhaps for the first time in its history OPEC has succeeded in reaching a very high level of implementing an agreement, at a level of almost 100 percent. And that is an impressive figure, we are very pleased with this figure.”.
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Alexander Novak quotes

Jun 01 2017 - OPEC

If minister Falih says something, I know it will be done. It is necessary to work out new framework principles for continued cooperation between OPEC and non-OPEC even after the expiration of the Vienna

May 24 2017 - OPEC

The recommendation is to keep current quotas. The duration is 9 months. Tomorrow we will discuss a possibility of extension by another three months (to June 2018).feedback

May 15 2017 - OPEC

We believe that the extension at least until the first of April next year, is reasonable in order to continue our joint efforts to stabilise the

May 08 2017 - OPEC

Russia expresses its full solidarity with the efforts of our partners aimed at rebalancing the global oil market and believes that joint efforts to date have been very effective. We are discussing a number of scenarios and believe extension for a longer period will help speed up market

Mar 30 2017 - Arctic

Russia is reducing its oil production in stages, in accordance with the plans that we worked out voluntarily with our production companies. The decrease in production in January and February were ahead of tempo with regards our initial plans. Currently, in March we have already reached a reduction level of 200,000 barrels a day. We anticipate complying with the figure set forth in the agreement by the end of April. But the figures for gas will be even more interesting to you. We currently produce 80 percent of our gas in the

Mar 30 2017 - Fracking

It's clear that we are all assessing the situation in a sober fashion, we understand that there will be a rise in the production of shale oil … Again I want to say that we need to look at the situation as a whole throughout the

Mar 26 2017 - Kuwait

For today, obviously, this is within the sphere of our questions. The dynamics are positive here, I

Mar 17 2017 - OPEC

It's too early to talk about it in the middle of March, (the matter) should be discussed and a decision should be made at the end of April or in the middle of

Mar 14 2017 - OPEC

They don't want $60 [oil] but firming the case for $50 makes sense for their key policy priorities. Are you going to pick keeping as much shale as you can on the sidelines? Or are you going to pick your key economic priorities? If it's sub $50, or $50, I think they roll this

Mar 07 2017 - OPEC

We did not interfere in U.S. domestic politics and we prefer that every country be independent in resolving its domestic issues. This was indeed an historic event, I mean the agreement which was signed between OPEC and non-OPEC countries, it's the first time in compliance with the agreement that was reached, we are going to achieve the 300,000 result at a fast

Mar 07 2017 - OPEC

I believe that currently we have a supply and demand balance, I mean for this winter period, but for the future we need to see how the situation will evolve in terms of the demand growth and how the production picture moves along in other countries, so we will need to assess the supply-demand balance and its

Mar 07 2017 - OPEC

Undoubtedly the joint action by many countries to achieve the balance and to reduce the output are aimed at giving stability to the market and as a result we see a great level of investment, lower volatility, prices stabilizing at a certain level, which does play out to move investment going into shale production so one needs to assess the overall supply and demand

Mar 07 2017

It's premature to talk about extending the

Feb 01 2017 - OPEC

We are also noticing a significant decrease in speculative pressure to the

Feb 01 2017 - OPEC

Some countries have cut more than it was planned and are moving ahead of schedule. Russian oil production was down by 117,000 bpd in

Jan 23 2017

Rex Tillerson is a very famous energy industry specialist and I am certain that his actions will be positive, as a whole, for the

Jan 23 2017

I think we can hope that relations will

Jan 23 2017

We believe that for the industry as a whole this is good because the energy sector should develop and the fact that a large country, the largest country in economic terms, such as the USA will be developing its energy is overall a positive thing for the whole of the energy

Jan 23 2017

Over many years Russia has advocated itself as a reliable supplier of energy resources and gas and I would even say has acted as a guaranteed supplier, when there was a break in supply from other countries, other suppliers of gas to Europe, Russia has always covered deficits that arise as a result of a lack of Europe's own resource supply. And for this Russia has the capacity, the reserves to supply gas. Therefore, we believe that the relations between the producers and consumers of energy resources have been reliable and we are ready to keep supporting

Jan 23 2017

That is absolutely normal. That works for some with the availability of natural mineral

Dec 22 2016 - OPEC

If you look at where the biggest production cuts are coming from its largely about the Gulf states and Russia - this gives me even more comfort there will be material compliance. Russia invested a lot in securing agreement so you wouldn't expect them to fail to comply in the early stages. I think compliance is

Dec 16 2016 - OPEC

All companies agree to cut

Dec 14 2016

The creation of a Russian-Iranian Islamic bank was discussed. Our banks are exploring the mechanism, the related decision has not been made

Dec 08 2016 - OPEC

Russia will gradually cut output in the first half of 2017 by up to 300,000 barrels per day, on a tight schedule as technical capabilities

Nov 30 2016 - OPEC

Russia is ready to join the agreement ... Based on our active talks over the last couple of months with key OPEC members and non-OPEC countries, Russia will gradually cut its output by up to 300,000 barrels per day in the first half of

Nov 30 2016 - OPEC

We think such a meeting will take place within the next 10

Nov 30 2016 - OPEC

We are optimistic about the agreements reached and consider today's agreement as historically

Nov 30 2016 - OPEC

Our talks with non-OPEC countries allow us to expect some countries to join the deal, cumulatively contributing approximately up to 300,000

Nov 24 2016

According to our plans, (Russia's) oil output is going up next year. If we keep production at the current level we are making our contribution, for us that essentially means a cut of 200,000-300,000 barrels per day (in 2017).feedback

Oct 21 2016

Yes, this is our main position, it has not

Oct 09 2016

The document is almost ready, only a few details are left. We expect that it will be signed within the framework of the World Energy Congress. We are talking about two segments (of the pipeline).feedback

Oct 09 2016

Talks about gas price have resumed, I hope the sides will come to a common

Oct 09 2016

It is possible that by then Russia's Gazprom Export and Turkey's Botas will be able to resolve their disagreements related to the price of

Oct 09 2016 - OPEC

We are waiting for the proposals which OPEC will elaborate internally to meet target (production) levels and with which they will come out and approach non-OPEC

Sep 29 2016 - OPEC

There is still a number of details which OPEC countries must work

Sep 26 2016 - Algeria

It is hard to tell, consultations are still under

Sep 10 2016

The inter-governmental agreement and road map are currently being reconciled, the process of agreeing on the final text is underway. We plan to proceed to the signing in

Sep 05 2016

We have agreed with Saudi Arabia energy minister on joint actions aimed at stabilising situation on the oil market. We consider a production freeze the most efficient tool, concrete parameters are being discussed at the

Aug 15 2016 - OPEC

We are cooperating in the framework of consultations regarding the oil market with OPEC countries and producers from outside the organisation, and are determined to continue dialogue to achieve market

May 29 2016 - OPEC

OPEC now is experiencing a crisis of internal differences. Despite this, I wouldn't write off this

Apr 14 2016

Talk of a cut is far behind the scenes now. They can barely agree on the

Jan 29 2016

We're ready to discuss the issue of cutting oil output volumes, but this isn't a

Jan 28 2016

This is a subject for discussions, it's too early to talk about it. We think it's reasonable to discuss the

Sep 26 2015

We reached an agreement of mutual obligations, which will guarantee supplies for the winter months and its safe transit through Ukrainian territory to our European

Oct 31 2014 - Ukraine Crisis

On many matters, Russia has compromised on the price and the structuring of the debt. This is our contribution to the compromise to stabilise the situation in Ukraine so that the autumn and winter period is safe and the supply to European customers is

May 26 2014

Our side is prepared, when we receive the payments, to continue negotiations until Friday about prices for future supplies to the Ukrainian

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