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OJSC Oil Company Rosneft (Rosneft) and Vietnam Oil and Gas Corporation “PetroVietnam” (PetroVietnam) today signed a Memorandum of Understanding (MOU) in Sochi to strengthen cooperation between the two oil and gas companies.

Russia’s Finance Ministry is seeking to raise $2 billion by raising taxes on crude output as the world’s largest oil-producing nation seeks to boost budget revenue, according to a plan presented to government officials.

Thanks to a boom in domestic shale oil production, the U.S. is on pace to overtake Russia as the world’s largest non-OPEC producer.

May 14 (Reuters) - Russia has terminated a contract to pump Azeri oil across its territory, ending a 16-year intergovernmental agreement, because Azerbaijan has not been shipping the agreed quantities, Moscow said in a decree.

On May 12, 2013 Washington saw the opening of the "Diaghilev and the Ballets Russes" exhibition in the National Gallery of Art. The exhibition is organized in collaboration with Victoria and Albert Museum in London and is made possible through the generous support of Rosneft and ExxonMobil. The exhibition will run through September 2, 2013 and will display original costumes, set designs, paintings, sculptures, prints and drawings, photographs, posters, and film clips in a theatrical multimedia installation.

In Russia it is necessary to establish a system of privileges and preferences for those who instead of gasoline fills your car with gas . This was stated by Vladimir Putin - in Sochi, he held a special meeting on the prospects for the use of natural gas vehicles. The first gas decided to transfer public transport.

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