Page 1 - FSUOGM Week 45
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Issue 1101 11•November•2020 Week 45
Difficulties ahead
Russia's leading oil companies will shortly post their results for the three
months ending September 30, another tough quarter for the industry.
Novak steps down
Russia's longest-serving energy minister Alexander Novak has stepped
down, and is expected to be appointed as a deputy PM instead.
Peace in the Caucasus
Armenia and Azerbaijan have agreed a peace deal after a major Azeri
advance in their conflict over Nagorno-Karabakh.
KMG output decline
Kazakhstan's national oil company KMG saw a near 7% decline in oil output in
January through September as a result of OPEC+ cuts.
