Iran wants oil and gas swap deal with Russia
Under the terms of any prospective deal, Russia would send oil and gas to areas of Northern Iran. In return, Iran would deliver oil and gas to Russia’s customers in the Gulf from its southern fields.
Bahrain could receive LNG shipments from Russia
A memorandum of understanding was signed by Gazprom, Russia and Bahrain's National Oil and Gas Authority (Noga holding), following a meeting between Russia's President Vladimir Putin and Bahrain's King Hamad bin Isa al-Khalifa.
Russia sells $11bn stake in Rosneft
In a surprise move Russia announced on state TV that it had sold a US$11 billion stake in its largest oil producer to commodity trader Glencore and Qatar’s sovereign wealth fund each getting a 19.5 per cent holding in state-run Rosneft.