Russia has set out a long-term, low carbon development plan spanning on the next three decades. According to the plan, Russia will reduce GHG emissions by a third by 2030 from 1990 levels.
Following the majority of the countries worldwide, Russia issued guidelines on how its shipping sector is dealing with the COVID-19 pandemic.
Rystad Energy estimated that the extra oil coming into the global market from April will be as much as 3 million barrels per day (bpd), while OPEC+ countries are able to add next month 2 million bpd, according to their storage, spare capacity and ramp up capabilities.
Saudi Arabia increases efforts to send Russia’s Urals oil grade out of its markets as it offers its own cheap barrels, as the two countries’ deal to support global oil prices fell apart.
ADNOC, UAE’s oil giant, stated that it will boost its efforts and produce more oil, aiming to increasing the supply to over 4 million barrels per day in April 2020, following the collapse of the OPEC+ agreement and the oil price war between Saudi Arabia and Russia.
Russia will slash taxes for oil and gas companies that want to conduct business in the Arctic, under a new polar development plan the will span for the next 15 years. The Arctic Master Plan was signed by Putin.
It is reported that the cargo shipments passing through the Northern Sea Route (NSR) reached 30 million tonnes in 2019, achieving a major rise in fossil fuel deliveries from one of the most vulnerable environment globally.
In light of the coronavirus outbreak, Russia has reportedly announced that every vessel arriving at the Black Sea ports of Novorossiisk and Yuzhnaya Ozereyevka from Iran, Italy and South Korea has to be disinfected, a document seen by Reuters showed.
After having set historical record in winter ice, the Russian icebreaker «Kapitan Dranitsyn» requested assistance to return to Russia as it made its way to the North Pole to support the MOSAiC expedition. The 129 meter-long icebreaker left Norway on 3 February.
Tanker Owner, Mercantile & Maritime, reported that it will halt its shipments of Venezuelan oil for Rosneft, following the United States’ sanctions against the Russian oil giant’s Geneva-based trading arm Rosneft Trading S.A.
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