News

Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed Barkindo said at the ‘Energy for Global Growth’ plenary session during Russian Energy Week that the oil market is capable of restoring its balance.

International Renewable Energy Agency (IRENA) Director General Adnan Amin said at the 6th Global Energy Summit during REW 2017 that humanity is approaching the limit of the planet's capabilities.

Moscow, 19 October. – The theme of developing energy efficiency and energy conservation, which was actively discussed during REW 2017, was one of the key issues on the agenda of a Russian Government meeting chaired by Russian Prime Minister Dmitry Medvedev.

Sochi, 18 October. – Russian Minister of Energy Alexander Novak held a meeting with young people from around the world as part of the World Festival of Youth and Students and shared his vision of the energy industry of the future.

These assessments were announced by the first deputy minister of energy during the 6^th Moscow International Forum of Innovative Development ‘Open Innovations’.

During the panel discussion ‘Finding a New Balance on the Oil Market’ as part of REW 2017, Zarubezhneft General Director Sergey Kudryashov noted that the agreement with OPEC+ countries on reducing oil production has stabilized the situation in the industry.

Siemens Russia President Dietrich Möller said in a speech during the plenary session ‘The Future of the Electricity Industry: How Power Systems and Consumers Are Set to Change’ as part of Russian Energy Week that, according to his company, roughly 50% of power plants in Russia are in need of modernization and “Siemens is ready to make a proposal”.

17 October, Moscow. – The St. Petersburg International Mercantile Exchange and Moscow Exchange signed an agreement during Russian Energy Week. The agreement provides for joint marketing activities to attract new traders as well as expanding the range of 

Moscow, 13 October. – Representatives of line ministries and departments as well as senior officials from leading power companies of Russia and the world presented their vision of the future development of the electric power industry during Russian Energy Week.

Moscow Mayor Sergei Sobyanin shared his vision of investment in major monopolies, including Mosvodokanal, Mosgaz, and electricity and heat supply systems, during Russian Energy Week.

Moscow, October 11. – In an interview with Kommersant Review, Deputy Minister of Energy Anton Inyutsyn discussed the recent ‘Russian Energy Week’ Energy Efficiency and Energy Development International Forum, and summed up the outcomes in several key areas.

October 12, Moscow. – Several oil sector agreements were signed during Russian Energy Week. Cooperation between Irkutsk Oil Company and the Japanese company JOGMEC moved to the next phase of development with a new joint venture, INK-Krasnoyarsk. This agreement to expand the parameters of cooperation includes plans for geological exploration at five licensed sites in Krasnoyarsk Territory. “Our