Alexander Novak: Russia and Saudi Arabia are successfully developing their bilateral partnership.

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Alexander Novak with the Minister of Energy of the Kingdom of Saudi Arabia, Prince Abdulaziz bin Salman Al Saud

Deputy Prime Minister of Russia Alexander Novak met with Saudi Arabian Minister of Energy Prince Abdulaziz bin Salman Al Saud on the sidelines of the Russian Energy Week international forum.

In anticipation of the Joint Russian-Saudi Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation and the Russia-Saudi Arabia Business Forum, which will take place on November 5-6 this year in Saudi Arabia, Alexander Novak and Prince Abdulaziz bin Salman, as co-chairs of the intergovernmental commission, discussed current issues of cooperation in key economic sectors.

Bilateral trade between the two countries is growing dynamically, with trade volume increasing by 62.7% last year. Investment cooperation is also showing positive momentum: the volume of accumulated Russian investment in Saudi Arabia has grown sixfold in one year, while Saudi investment in Russia has increased by 11%. Over the past 10 years, more than 40 joint investment projects have been implemented in information technology, transportation, infrastructure, petrochemicals, and other economic sectors.

Particular attention was paid to cooperation in the energy sector. The Deputy Prime Minister noted that collective action within OPEC is in the long-term national interests and contributes to strengthening the economies of both countries. The parties also discussed the possibility of developing joint projects in LNG, hydroelectric, and nuclear energy.

Cultural, educational, and tourist ties between Russia and Saudi Arabia continue to strengthen. Over the past five years, there has been a significant increase in mutual tourist traffic: the number of Saudi tourists visiting our country has increased eightfold, while Russian tourists traveling to Saudi Arabia have nearly tripled. Direct flights between the two countries were established this year.

"We are successfully developing our bilateral partnership and maintaining close interaction on the international stage. This cooperation is driven by the established, trusting dialogue between the leaders of our countries – Russian President Vladimir Putin and Crown Prince and Chairman of the Council of Ministers of Saudi Arabia Mohammed bin Salman," noted Alexander Novak.

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Alexander Novak: Energy cooperation between Russia and Hungary is an example of mutual respect and professionalism

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Alexander Novak met with Hungarian Minister of Foreign Affairs and Economic Relations Péter Szijjártó on the sidelines of Russian Energy Week.

Deputy Prime Minister of Russia Alexander Novak met with Hungarian Minister of Foreign Affairs and Economic Relations Péter Szijjártó on the sidelines of Russian Energy Week.

"We highly value the balanced foreign policy of the Hungarian leadership, which strives to pursue a pragmatic course and firmly defends its national interests. This contributes to the preservation of the common framework of Russian-Hungarian relations, the continued exchange of opinions during regular political contacts, and the use of a number of existing foundations for further targeted cooperation in areas of mutual interest," Alexander Novak emphasized.

The Deputy Prime Minister noted that constructive cooperation continues in areas such as energy, healthcare and pharmaceuticals, agriculture, culture and higher education, and that trade turnover is growing.

Projects to supply Russian hydrocarbons are proceeding smoothly. Cooperation in the nuclear sector has been established: Russian specialists are continuing construction on the second phase of the Paks Nuclear Power Plant in Hungary. The first concrete pouring will begin soon.

During the meeting, the Russian side expressed its readiness to participate in projects to build new, modernize, and reconstruct existing power facilities in Hungary, as well as hydroelectric power plants.

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Alexander Novak took part in a panel session at Russian Energy Week on the situation in global energy markets.

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Alexander Novak participated in the panel session "Global Energy Markets: Transformation of Relations and Balance of Interests" as part of the International Forum "Russian Energy Week"

Deputy Prime Minister of Russia Alexander Novak took part in the panel session "Global Energy Markets: Transformation of Relations and Balance of Interests" as part of the international forum "Russian Energy Week."

The forum traditionally brings together heads of government and ministers, executives from leading companies, experts, and analysts to discuss key global energy trends and define the energy sector of the future. The number and geography of participants are expanding. This year, over 5,000 representatives from 85 countries have confirmed their participation. The main theme of the 2025 forum is "Creating the Energy of the Future Together."

During the panel session, participants discussed the current state and prospects for the development of global energy, issues of balancing interests, energy dialogue between the West and East, and changes in traditional resource supply chains.

"Demand for all types of resources is growing. This trend will continue due to the introduction of electric transport, data centers, robotics, and industrial development. Hydrocarbons will retain their influence despite the development of renewable energy sources," noted Alexander Novak.

Prince Abdulaziz bin Salman Al Saud, Minister of Energy of the Kingdom of Saudi Arabia, emphasized the Kingdom's cooperation with Russia as significant for both countries: "Over the past few years, we have been working together, which has allowed us to develop bilateral relations in a wide range of areas: power grid infrastructure, high technology, tourism, medicine, industry, energy, investment, and education. We look forward to further expanding our cooperation."

OPEC Secretary-General Haitham Al-Gais spoke about the organization's role in the modern world: "OPEC is evolving, as is the world. This is one of our strengths, allowing the organization to serve as a leading forecasting institution. Our research is taken very seriously, especially by the Russian Federation, because our collaboration is outstanding. We focus on economic trends, urbanization, and everything that allows us to conduct accurate analysis."

Responding to a question about Hungary's energy partnership with Russia, Minister of Foreign Affairs and Trade Péter Szijjártó noted: "We take great care in cooperating with our Russian colleagues in the energy sector. Russia has never let us down, and contract terms have always been respected. For Hungary, only one factor is decisive: national interests."

Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, discussed the specifics of the oil and gas market, noting that additional capacity development and investment will be required after 2030: "By 2050, gas demand will grow by 32%. We believe the golden age of natural gas is still ahead."

Responding to a question about reorienting Russian energy supplies, Alexander Novak noted: "Reorienting to the East is not a forced measure, but rather Russia's strategy, defined by the President. The East is a new center of development, and we are ready to cooperate with this region on mutually beneficial terms."

Deputy Prime Minister of the Government of Vietnam, Bui Thanh Son, shared the progress made in developing LNG infrastructure in Vietnam: "We are coherently implementing gas-fired power plant projects, building 14 gas terminals for this purpose. They should be operational by 2028. We need to diversify LNG supplies for the sake of stability and security in the energy sector. This provides an opportunity to work with foreign partners, including Russian ones."

Turkish Minister of Energy and Natural Resources Alparslan Bayraktar emphasized the importance of reliable supplies at affordable prices: "Turkey's approach is energy independence and carbon neutrality by 2050. It is important for us to adapt to the global situation and utilize all available opportunities: renewable energy, hydrocarbons, and nuclear energy."

Foday Mansaray, Director General of the Presidential Petroleum Authority of Sierra Leone, noted that cooperation with Russia is of paramount importance: "At the Russia-Africa Summit, our President, together with Alexander Novak, agreed to establish a working group on cooperation. Our partnership will be mutually beneficial for both countries."

Deputy Prime Minister of the Republic of Belarus Viktor Karankevich noted the specifics of the technological transformation of the country's fuel and energy sector: "We are strengthening technological sovereignty, developing industry and nuclear energy, and carrying out a large-scale modernization of the electric grid infrastructure. All of this allows us to achieve our main goal—improving the standard of living."

Concluding the discussion, Alexander Novak noted that the search for new sustainability in the global energy sector is a balance of interests. "Sustainability means ensuring the energy sector continues to develop, ensuring the well-being of its citizens, and Russia supports a joint search for solutions to these issues."

 

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Alexander Novak: We highly value productive cooperation with OPEC countries

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Deputy Prime Minister Alexander Novak with OPEC Secretary General Haitham al-Gais

Deputy Prime Minister Alexander Novak held a working meeting with OPEC Secretary General Haitham al-Gais as part of Russian Energy Week.

"We highly value our long-standing, productive cooperation with the OPEC Secretariat, which serves as an important coordinating link in facilitating interactions between oil-producing countries. Our collaboration has proven effective as a tool for stabilizing markets, overcoming external shocks, and ensuring supply security," said Alexander Novak.

The Deputy Prime Minister noted that Russia attaches great importance to cooperation with its OPEC partners. This format plays a key role in ensuring global energy security and stability in the global oil market. Voluntary commitments made by OPEC countries to reduce oil production have a positive impact on market balance, helping to maintain prices at an acceptable level for producers amid ongoing geopolitical challenges.

Alexander Novak emphasized that Russia is consistent in its actions, traditionally focused on maintaining global energy security in the interests of the peaceful development of states and constructive cooperation based on mutual respect, and intends to continue to improve and strengthen the OPEC format in the interests of the global economy, consumers, and oil producers.

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Alexander Novak met with the Secretary General of the Gas Exporting Countries Forum, Mohamed Hamel.

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Deputy Prime Minister of Russia Alexander Novak with Secretary General of the Gas Exporting Countries Forum Mohamed Hamel

Deputy Prime Minister Alexander Novak held a working meeting with GECF Secretary General Mohamed Hamel as part of Russian Energy Week.

"Russia attaches great importance to strengthening partnerships within the GECF, coordinating efforts to promote the legitimate interests of gas exporters in global energy markets and countering unilateral economic restrictions, as well as enhancing the role of natural gas in global energy markets due to its availability, reliability, versatility, and environmental friendliness," said Alexander Novak.

The Deputy Prime Minister noted Russia's interest in further expanding the GECF's potential, active scientific, analytical, and technological cooperation at the forum, and the Secretariat's work to develop partnerships, including with African countries and international associations, including the G20, BRICS, and APEC.

Alexander Novak also expressed gratitude for the support Russia received during the discussions on holding the 8th GECF summit in Russia in 2026.

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Alexander Novak: Energy cooperation with Vietnam is one of the key areas of bilateral partnership.

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Alexander Novak held a working meeting with Deputy Prime Minister of the Government of the Socialist Republic of Vietnam Bui Thanh Son at the Russian Energy Week.

Deputy Prime Minister Alexander Novak held a working meeting with Deputy Prime Minister of the Socialist Republic of Vietnam Bui Thanh Son at Russian Energy Week. The parties discussed trade, economic, and energy cooperation, as well as investment projects.

"Strengthening cooperation with Vietnam, a long-standing friend and reliable partner, remains a priority for Russian foreign policy. We are firmly committed to continuing mutually beneficial cooperation in various areas to advance a comprehensive strategic partnership," the Deputy Prime Minister emphasized.

To increase trade between the two countries, work continues to organize prospective supplies of Russian oil to Vietnamese refineries. Cooperation in the peaceful use of nuclear energy is also developing. Currently, relevant agencies are working to update the regulatory framework, technical specifications, and economic model for the construction of the country's first nuclear power plant, Ninh Thuan-1.

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Alexander Novak: The energy partnership between Russia and Turkey is strategic in nature.

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CategoriesEconomics, Government of the Russian Federation, MIL-OSI, Russia, Russian Federation, Russian Language, Government of the Russian Federation, University life /

Alexander Novak: Belarus remains our closest ally and strategic partner

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Deputy Prime Minister Alexander Novak with Deputy Prime Minister of the Republic of Belarus Viktor Karankevich

Deputy Prime Minister Alexander Novak held a working meeting with Deputy Prime Minister of the Republic of Belarus Viktor Karankevich at the Russian Energy Week.

The parties discussed a wide range of issues of bilateral cooperation and interaction within the Union State.

Russia is Belarus's main trading partner, accounting for approximately 60% of total trade. In 2024, mutual trade reached record levels. Russia firmly holds first place in accumulated capital investment in the Belarusian economy.

It was noted that, taking into account the interests of both countries, cooperation in the fuel and energy sector is developing.

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Alexander Novak awarded the winners of the Global Energy Prize.

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As part of Russian Energy Week, Deputy Prime Minister Alexander Novak presented awards to the laureates of one of the most prestigious annual international prizes, the Global Energy Prize, which is awarded for outstanding scientific achievements in the field of energy.

The Deputy Prime Minister noted the expansion of the award's geography and participants and emphasized the importance of a balanced approach to shaping the energy sector of the future.

"Over the years, the prize has become an example of successful international collaboration between government representatives, industry, and science—since 2003, 56 scientists from 16 countries have been awarded the prize. This year, the prize's independent international committee selected three laureates, representing leading scientific superpowers—Russia, China, and the United States. Their discoveries reflect the needs of the modern energy sector for an innovative and responsible approach to shaping the energy of the future. Today, it is crucial to develop new areas while maintaining a reasonable balance with traditional energy sources and to find solutions to improve the efficiency and environmental friendliness of the fuel and energy sector," the Deputy Prime Minister emphasized.

In the "New Energy Applications" category, Vladislav Khomich, scientific director of the Institute of Electrophysics and Electric Power Engineering of the Russian Academy of Sciences, received the award for fundamental research in the field of plasma technologies and power optics.

Jinliang He, a professor at Tsinghua University in China, won the award in the Traditional Energy category for his achievements in the development of ultra-high-voltage power transmission technologies.

UCLA professor Yu Huang, the first female laureate in the award's history, won in the Alternative Energy category for her development of structured nanomaterials that improve the efficiency and reliability of fuel cells.

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Materials for the Government meeting on October 16, 2025

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The following issues are planned to be considered at the meeting: October 15, 2025

The content of the press releases of the Department of Press Service and References is a presentation of materials submitted by federal executive bodies for discussion at a meeting of the Government of the Russian Federation.

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