Novak: decisions on “Turkish stream” yet

Novak: decisions on “Turkish stream” yet

MOSCOW, November 26. Concrete decisions of the “Turkish stream” not yet, proposals will be developed by the government of the Russian Federation in the near future. This was announced by energy Minister Alexander Novak on the intergovernmental Commission with Saudi Arabia.

“Now there are no concrete solutions. Today the Prime Minister was mandated at a government meeting to consider and make proposals on the law on special economic measures. Such proposals will be soon developed, and then you can finally say what decisions will be approved by the government under this law,” he said.

“The markets determine the companies themselves”

The energy Ministry sees no need to coordinate the actions of the Russian oil companies in competition with middle East oil in the European market, said Alexander Novak.

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“As for the markets, the markets determine the companies themselves, commercial structures. In this case there is no special situation that somehow that we in the Ministry have coordinated the respective work,” the official said.

Earlier media with reference to a source in the government said that Russia is ready to provide European customers with the discount of Urals crude to maintain their market position in Europe.

As reported, Poland may sign an unprecedented contract with Saudi Arabia for oil supply. The Polish company PKN Orlen received from Saudi Arabia batch of 100 thousand tons of oil in Gdansk in the beginning of November. This delivery may be the first step to signing long-term agreements with Saudi Arabia.

In early autumn, the President of “Rosneft” Igor Sechin said that Saudi Arabia is “active damping” to the oil price, came out even on the Polish market.

Consultations with Saudi Arabia on the situation in the oil market

Alexander Novak also said that Russia is ready to continue participating in consultations with Saudi Arabia on the oil market.

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“Highly appreciate our cooperation within the framework of consultations on the situation in the oil market OPEC and leading producers popkowski. Believe that their conduct is important and a very timely process, and the Russian side is ready to continue participation in this work”, – said the Minister.

According to him, the Ministry of energy of the Russian Federation agreed with the Ministry of petroleum and mineral resources Saudi Arabia “continue the interaction”, as “bilateral cooperation in the field of energy are not fully consistent with the capabilities” of the two countries, which are leaders of the world market of hydrocarbons.

Deputy Novak Kirill Molodtsov will be headed by an inter-Ministerial working group on cooperation in the field of oil and gas that is created for the implementation of the programme of cooperation.

However, according to the head of Ministry of energy, Russia and Saudi Arabia had not discussed joint actions in the oil market within the framework of the intergovernmental Commission.

“With regard to discuss the situation on the oil markets and joint action is an issue we have not discussed in the framework of the intergovernmental Commission”, – said the official.

Earlier, the head of the Ministry of energy of the Russian Federation repeatedly declared that Russia and OPEC agree that in the current situation there is no need to artificially reduce oil production to raise its price. According to both Russia and OPEC, the balance of supply and demand for oil will be regulated by the market.


According to Alexander Novak, Russia is ready to cooperate with Saudi Arabia for the supply of liquefied natural gas (LNG).

“Russia as a leading country in the gas market ready to expand the supply of liquefied natural times, especially since one of the main strategic directions (Russia) is the construction of LNG plants. We are ready to increase volumes of gas supplies to the world market and, in the case of (a) the needs of Saudi Arabia will be ready is also a commercial understanding to consider it,” he said.

“Gazprom”, “inter RAO” and “Renova” interested in working at Saudi market

A subsidiary company of “Gazprom” – “Gazprom georesurs” – is interested in working on the Saudi oil and gas market, said the head of the Ministry of energy of the Russian Federation.

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“Speaking about Russia’s interest in the work of the Saudi oil and gas market, would like to highlight such companies as “Gazprom georesurs”, “Incor engineering”, “RusGazEngineering”, JSC “UEC” and JSC “VNIIST”, the Minister said.

Novak also said that the company “Hevel” (a 100% subsidiary of Renova group) is interested in “joint construction of solar power plants for operation within power system”, as well as in projects for Autonomous power supply of remote areas with hybrid diesel-solar power plants.

“As for the electricity generation segment, this entails good opportunities for implementing joint projects under the “inter RAO”, “Technopromexport” and “Power machines”. Speech, in particular, concerns the construction and modernization of power plants, transmission facilities and supply power equipment,” – said the Minister.

Meeting with Minister of energy of Saudi Arabia

Meeting with Saudi counterpart Alexander Novak could be in the middle of December.

“We are ready to continue discussing these issues (the situation on the world oil market – approx.ed.) and perhaps such a meeting (with Saudi counterpart) will be held in mid-December, ” he said.

Novak said that the Ministry of energy of the Russian Federation and colleagues from Saudi Arabia are in constant contact.

Speaking about possible participation of the energy Ministry during a meeting with representatives of OPEC on December 3, the Minister noted that Russia is ready to participate in it, but its waiting for approval from OPEC with all stakeholders.