Alexander Novak

Stories

Russia commissions Vostok Oil, loads first Arctic crude at Bukhta Sever

Overseeing energy strategy

Russia commissioned the Vostok Oil project on September 5, when President Vladimir Putin authorized the first loading of Arctic crude onto the ice-class tanker Valentin Pikul at Bukhta Sever (Sever Bay) on the Taimyr Peninsula. Rosneft CEO Igor Sechin called the port the world's northernmost; a second tanker, Akademik Gubkin, was at anchorage to load the next cargo.

Updated 6 days ago

OPEC+ sets oil policy without the UAE for the first time

Built World

Co-leads OPEC+ as head of the non-OPEC bloc

For decades, every OPEC+ output decision had the United Arab Emirates in the room, usually pushing to pump more. On Sunday, ministers met in Vienna without it for the first time. The UAE's exit took effect May 1 and pulled about 3.5 million barrels a day out of the group's quota math.

Updated Jun 7