Send to KindleRussia has stayed in front of Saudi Arabia, topping the list of countries in the world producing the largest quantities of oil.
In July, Russia increased its production by 1% from a year earlier to 10.43 million barrels a day, reports Bloomberg.
This is near the country's record, set in 1987, during the Soviet era - 11.48 million barrels per day.
Russian President Vladimir Putin has implemented a number of measures to stimulate fuel production, including tax rebates for the development of less accessible deposits of oil.
Bloomberg reports that natural gas production also rose, increasing with 3.9% in July compared to a year earlier to 1.5 B cubic meters a day.
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As Russia prepares to mark Victory Day, commemorating the Soviet Union's triumph in World War II, festivities are set to be scaled back for the second consecutive year due to security threats linked to the war in Ukraine and recent acts of terrorism
Reports emerged last night of renewed Russian missile fire targeting the eastern Ukrainian city of Kharkiv, intensifying fears of escalating conflict in the region
In a recent interview with "Fakt", Polish President Andrzej Duda made a significant statement, expressing Poland's readiness to permit NATO allies to deploy nuclear weapons on its territory
Reports have emerged confirming the capture of Bohdanivka, a crucial village in eastern Ukraine, by Russian armed forces
CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
