Alexander Novak

Azerbaijan’s participation in INSTC enhances its political status in region

The decision about the implementation of a project of uniting the railways among Azerbaijan, Russia and Iran, voiced by Russia's Energy Minister Alexander Novak at the 15th meeting of the Joint Commission on Economic and Trade Cooperation between Russia and Iran, is most likely connected with the construction of the Astara-Rasht-Qazvin railway, which is part of the International North–South Transport
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Russia to consider output freeze

The upcoming meeting of OPEC is still one of the most anticipated events for the world energy market. While investors are still cautious and doubtful about the possible outcome of the meeting, Russia one of the essential players of the market implied it might consider a freeze of oil production.
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