Latest news with #Tsivilev
Business Recorder
2 days ago
- Business
- Business Recorder
Pakistan, Russia take holistic stock of bilateral ties
ISLAMABAD: The Special Assistant to the Prime Minister (SAPM), Syed Tariq Fatemi, undertook a visit to the Russian Federation from June 02-04, 2025. After meeting with the Russian Foreign Minister, the SAPM called on Sergey Tsivilev, Minister of Energy of the Russian Federation and Co-Chair of the Pakistan-Russia Inter-Governmental Commission (IGC). Both sides took a holistic stock of bilateral relations, identifying key areas of trade, energy, connectivity, new Steel Mills, cybersecurity, etc for future cooperation. The SAPM emphasised on the prospects of further development of energy cooperation between Pakistan and Russia. In addition, he briefed Tsivilev on the recent developments in South Asia, while lauding Russia's role in de-escalating tensions. Tsivilev expressed satisfaction on the outcomes of the ninth Pakistan-Russia Inter-Governmental Commission (IGC) held in Moscow in 2024 and hoped for productive next IGC in Pakistan this year, adding that Pakistan has the potential to become a 'transit hub'. Later, the SAPM called on Yury Ushakov, Senior Aide to the President on Foreign Policy Issues. During the meeting, the SAPM briefed him on the recent escalation in the South Asia and outlined Pakistan's position vis-à-vis India's aggressive actions, especially unilaterally holding the Indus Waters Treaty (IWT) in abeyance. Besides these meetings, the SAPM gave two interviews to the leading Russian TV networks, expressing his candid views on the increasingly positive trends in Pakistan-Russia relations and recent escalation between Pakistan and India. He also had an extensive exchange of views with a group of academics and journalists from prominent print and electronic media. Furthermore, the SAPM was hosted by Valdai Discussion Club, a prestigious think-tank in Moscow, for a talk on 4th June, on the recent developments in South Asia and Pakistan-Russia relations. Overall, the visit of the SAPM was highly successful, with several important official engagements and candid exchanges with parliamentarians, a think tank, several academics and journalists. It paved the way to explicitly share Pakistan's perspective on the recent situation and other important issues, such as IWT to the Russian side. There was widespread appreciation for the manner in which Pakistan was enhancing its relations with Russia, in important areas of trade, investment, energy and connectivity routes. Copyright Business Recorder, 2025
Reuters
08-05-2025
- Business
- Reuters
Russia, China discuss Beijing's participation in Russian LNG projects, minister says
May 8 (Reuters) - Chinese companies' involvement in Russian liquefied natural gas projects is being discussed by Russian and Chinese delegations at talks in Moscow, the Interfax news agency cited Russian Energy Minister Sergei Tsivilev as saying on Thursday. When asked about the possibility of Russian companies entering LNG projects in Ust-Luga or other locations in Russia, Tsivilev said that the topic was "being discussed at the moment," but did not provide further details. The state-owned China National Petroleum Corp (CNPC) and Silk Road Fund hold stakes in Russia's Yamal LNG project, while CNPC and China National Offshore Oil Corporation (CNOOC) are involved in the Arctic LNG 2 project. Russia has repeatedly welcomed the prospect of Chinese companies participating in the construction of an LNG plant and a gas chemical complex in Ust-Luga. Russia and China will sign a large number of documents later on Thursday, including an updated investment agreement, Russian President Vladimir Putin told Chinese President Xi Jinping at a meeting in Moscow. Xi is in the Russian capital this week for commemorations to mark the 80th anniversary of the victory of the Soviet Union and its allies over Nazi Germany in World War Two.
Yahoo
28-04-2025
- Business
- Yahoo
Russia, Iran agree on 55bcm of annual gas supplies
Russia and Iran have reached a preliminary agreement on annual gas supplies of 55 billion cubic metres (bcm), with the pricing yet to be finalised, according to a Reuters report, citing sources. Concurrently, Russia has committed to financing the construction of a new nuclear power plant in Iran. The deal comes at a time when the US is attempting to isolate Iran unless it consents to a new nuclear inspection deal. Amidst the ongoing military conflict in Ukraine, Russia has fortified its relationship with Iran, with both countries facing Western sanctions and experiencing a decline in Russian oil and gas exports to Europe. Russia, with a history of nuclear cooperation with Iran, assisted in building the Bushehr nuclear reactor, Iran's first nuclear power plant. Iranian Oil Minister Mohsen Paknejad's visit to Moscow this week culminated in a meeting with Russian Energy Minister Sergei Tsivilev at an intergovernmental commission, where the gas transfer agreement and nuclear plant financing were discussed, the report said. Despite Iran's vast gas reserves, second only to Russia, it still imports gas due to under-investment, partly caused by US sanctions. Tsivilev revealed that Russia may supply Iran with 1.8bcm of natural gas this year, pending a price agreement, the report added. Russian President Vladimir Putin had previously indicated the potential for supplying up to 55bcm of gas annually to Iran, starting with lower volumes. Paknejad announced on state TV that Iran is set to sign a $4bn (IR168.03trn) agreement with Russian companies to develop seven Iranian oilfields. Although the details of the bilateral agreements signed by Paknejad and Tsivilev were not disclosed, it is known that Russian gas giant Gazprom signed a memorandum last June with the National Iranian Gas Company for pipeline gas supplies to Iran, although the pipeline route remains undisclosed. Paknejad confirmed Iran's commitment to the agreements with Gazprom, including establishing a regional gas distribution hub, potentially involving Qatar and Turkmenistan. During his meeting with Russian Deputy Prime Minister Alexander Novak, Paknejad commented on the uncertainties in the global oil market and the impact of recent US tariffs. Furthermore, Paknejad mentioned that OPEC and its allies, led by Russia (OPEC+), would make decisions to ensure market stability, without specifying the measures. Amidst these developments, several OPEC+ members have suggested accelerating oil output hikes, with a policy meeting scheduled for early May. "Russia, Iran agree on 55bcm of annual gas supplies" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Iraq Business
01-03-2025
- Business
- Iraq Business
Iraq and Russia Strengthen Cooperation with New Agreements
By John Lee. The 10th meeting of the Iraqi-Russian Joint Committee was held in Baghdad this week, co-chaired by Iraq's Deputy Prime Minister and Foreign Minister Fuad Hussein and Russia's Minister of Energy Sergei Tsivilev. Hussein emphasized the longstanding ties between the two nations and the broad scope of cooperation, while Tsivilev reaffirmed Russia's commitment to expanding bilateral relations and invited Iraq to participate in upcoming conferences in Russia. During the meeting, both sides signed key agreements, including: A Maritime Transport Agreement between the Ministries of Transport. A Memorandum of Understanding (MoU) for Health Cooperation between the Ministries of Health. An MoU between the Federation of Iraqi Chambers of Commerce and the Federation of Russian Chambers of Commerce and Industry. A Protocol of Understanding between Gazprom and Iraq's Midland [Middle] Oil Company (MdOC]. Hussein noted what he described as Iraq's " balanced " stance on the Russia-Ukraine conflict, calling for a ceasefire. He also highlighted upcoming international events in Iraq, including the Arab Summit, and stressed the importance of enhancing collaboration in sectors such as health and industry. The discussions included Iraq's oil exports from the Kurdistan Region to Turkey and Russia's continued investment in Iraq's oil sector, currently valued at approximately $19 billion. Tsivilev confirmed additional agreements are under negotiation, praising the positive outcomes of the meeting. (Source: MoFA)
Shafaq News
27-02-2025
- Business
- Shafaq News
Russia to restart Kurdistan oil projects
Shafaq News/ Russian energy companies are set to restart oil projects soon in Iraqi Kurdistan after an agreement between the federal and Kurdistan Regional governments, Russia's Energy Ministry revealed on Thursday. The resolution of oil disputes will allow operations to resume, with Russian companies instructed to prepare a roadmap for the Al-Nasiriyah oil project in southern Iraq 'in the near future,' Russia's TASS news agency quoted Energy Minister Sergei Tsivilev as saying. 'We rate high this project. We have already reached an agreement at the intergovernmental level [on it],' Tsivilev noted following the meeting of the Russian-Iraqi intergovernmental commission on trade-economic and scientific-technical cooperation. 'Our company that plans to enter the project, regards it as one of the most important from the viewpoint of oil production.'
