Alexander Novak
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Age | 52 |
| Born | Avdiivka |
| Ukraine | |
| Office | Minister of Energy of the Russian Federation |
| Children | Alina Novak |
| Siblings | Marina Prokofyeva |
| Job | Economist |
| Politician | |
| Date of birth | August 23,1971 |
| Zodiac sign | Virgo |
| Nationality | Russian |
| Education | Moscow State University |
| Norilsk Industrial Institute | |
| Position | Deputy prime minister of Russia |
| Deputy Prime Minister of the Russian Federation since 2020 | |
| Previous position | Minister of Energy of the Russian Federation (2012–2020) |
| Party | United Russia |
| Date of Reg. | |
| Date of Upd. | |
| ID | 554981 |
Alexander Novak Life story
Alexander Valentinovich Novak is a Russian politician who is the current Deputy Prime Minister of Russia since November 2020. Previously, he was the Minister of Energy of Russia between 2012 and 2020, before being replaced in November 2020 by the general director of RusHydro, Nikolay Shulginov.
Oil production to drop after Opec+ nations meet
... 66 million bpd, according to Russian Deputy Prime Minister Alexander Novak...
War in Ukraine: Russia says it may cut gas supplies if oil embargo goes ahead
... Deputy Prime Minister Alexander Novak said a " rejection of Russian oil would lead to catastrophic consequences for the global market" causing prices to more than double to $300 a barrel...
Gas price rises: Russia not withholding supplies, says ambassador to UK
... Mr Putin has described the gas allegations as " blather" and yet the Deputy Prime Minister Alexander Novak said that German Nord Stream 2 approval " would give a positive signal and cool off the current situation"...
Oil production to drop after Opec+ nations meet
By Jemma DempseyBBC News
Oil-producing countries have agreed to continued cuts in production in a bid to shore up flagging prices.
Saudi Arabia said it would make cuts of A Million barrels per day (bpd) In July and Opec+ said targets would drop by a further 1. 4 million bpd from 2024.
Opec+ accounts for around 40% of The World 's Crude Oil and its decisions can have a major impact on oil prices.
last month, according to the RAC.
The seven hour-long meeting of the oil-rich nations, led by Russia, came amid a backdrop of falling prices and an over-supply of the commodity.
Total production cuts, which Opec+ has undertaken Since October 2022, reached 3. 66 million bpd, according to Russian Deputy Prime Minister Alexander Novak .
Opec+, a formulation which refers to the Organisation of Petroleum Exporting Countries and its allies, had already agreed to cut production by two million bpd, about 2% of global demand.
" The result of the discussions was the extension of The Deal until The End of 2024, " Mr Novak said.
'A Saudi lollipop'In April, it also agreed a surprise voluntary cut of 1. 6 million bpd which took effect in May, a move that briefly saw an increase in prices but failed to bring about a lasting recovery.
On Sunday, Saudi Energy Minister Prince Abdulaziz bin Salman said The Cut of one million bpd could be extended beyond July if needed. " This is a Saudi lollipop, " He Said , in what is seen as a bid to stabilise The Market .
Oil producers are grappling with falling prices and high Market Volatility amid The Russian invasion of Ukraine.
The West has accused Opec of manipulating prices and undermining the global economy through High Energy costs, according to Reuters. It has also accused The Group of siding with Russia despite sanctions over The Invasion of Ukraine.
In response, Opec insiders have said The West 's Monetary Policy over the Last Decade has driven inflation and forced oil-producing nations to act to maintain the value of their main export.
Related TopicsSource of news: bbc.com
Alexander Novak Photos
