SAIPEM - Saipem, in Joint Venture with Renaissance, a Turkish oil&gas services company, has been awarded a new Onshore E&C project in the Russian Federation worth 2.2 billion Euro overall. As leader of the JV, with a shareholding of 50%, Saipem’s portion of the total amount is therefore approximately 1.1 billion Euro.

WNN - Russia's National Operator for Radioactive Waste Management (NO RWM), Russian state nuclear corporation Rosatom and the Korea Radioactive Waste Agency (KORAD) today signed an agreement to cooperate in radioactive waste management. The agreement was signed by Igor Igin, NO RWM's director genera, Oleg Kryukov, Rosatom's director of state policy on radioactive waste, used nuclear fuel and decommissioning, and Cha Sung-soo, chairman of KORAD.

IEA - Cooperation between Russia and Saudi Arabia is now the basis of production management with these two countries having a large capacity to swing output one way or the other. For them, prices falling further would place their budgets under great stress.

PLATTS - Russia will cut its liquids output by 50,000-60,000 b/d in January under the latest agreement with OPEC, energy minister Alexander Novak said Tuesday. "The monthly schedule for the output cut has already been [set]... We expect output will be cut by at least 50,000 b/d-60,000 b/d in January," he said, as reported by Prime news agency.

PLATTS - The U.S. House of Representatives is set to vote Tuesday on a non-binding resolution expressing opposition to the completion of the 55 Bcm/year Nord Stream 2 natural gas pipeline from Russia to Germany.

PLATTS - Russia will invest $5 billion to raise Venezuela's oil production by 1 million b/d under a new economic agreement, Venezuelan President Nicolas Maduro said Thursday.

WSJ - Russia and Saudi Arabia have agreed to extend OPEC’s efforts to stabilize oil markets, Russian President Vladimir Putin said over the weekend, as the broader coalition of producers inches closer to a deal this week.

REUTERS - Venezuela has signed deals securing investment from Russia in the South American country’s oil and gold sectors, President Nicolas Maduro said on Thursday at the end of a three-day trip to Moscow.

ROSATOM - Aleksey Likhachev emphasized: “We are happy to share our more than 70 years’ expertise in the field of peaceful use of nuclear technologies with our Rwandan partners. We hope that our cooperation in that area will contribute to the economic growth and improve the quality of life of the Rwandan population”.

WNN - Russia and Argentina plan to expand their cooperation in the peaceful use of nuclear energy following the signing of a strategic document on the sidelines of the G20 summit in Buenos Aires.