Russia

Rosgeologia expects decision on transfer of geophysical state assets to it before the end of the year

Rosgeologia, which united different state geological exploration enterprises, has applied to the Government with a request to transfer geophysical state assets to it too; it expects that the decision will be made before the end of the year, the Rosgeologia’s Head Roman Panov reported to journalists.

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Gazprom promises to start construction of South Stream in Serbia before the end of the year

Gazprom will start to construct the land section of the South Stream gas pipeline in Serbia before the end of this year, the gas company’s Head, Alexei Miller assured journalists in Moscow today, November 6th.

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The largest gas-processing centre in the country to be constructed near Samara

Today the Governor Nikolay Merkushkin visited the petrochemical holding company Sanors in Novokuibyshevsk, where he reported achievement of an agreement with Rosneft on creation of the largest gas-processing centre in the country on basis of Sanors.

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In Q3, VIZ-Steel increases its production by 7%

In the third quarter of 2013, VIZ-Steel increased the production of transformer rolled metal by 7% as compared with the same period of 2012 and by 29% as compared with the second quarter of 2013 to 44.4 thousand tons. The specific content of the premium transformer steel (3408-3409 grades) in the total production volume made up 98%.

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Rostech, Tatneft and VTB Capital can build oil refinery in Uganda

Rostech has agreed with the Government of Uganda about the realization of several energy projects in the state. To achieve the purpose, the state corporation will found a consortium with Tatneft and VTB Capital. Their first possible project can be construction of an oil refinery with annual capacity of 3 million tons.
Rostech and the Ministry of Energy and Mineral Resources of Uganda have closed the memorandum for mutual understanding under which the Russian state corporation will promote attraction of investment to minerals exploration and development in Uganda. The African projects of Rostech will be realized by its subsidiary RT-Global Resources that will operate in a consortium with Tatneft and VTB Capital.

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From 2016, Inter RAO will be transited to Rosneft’s gas

From 2016, Inter RAO will be transited to Rosneft’s gas, the director of the production operation block of the company P. Okley says. All new power stations that will be built, will operate on Rosneft’s gas as well.

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Annual volume of the Russian geological exploration market is 400 billion rubles

The annual volume of the Russian geological exploration market is 400 billion rubles, and the private subsoil users share 90% of the sum, the CEO of the Russian Geology R. Panov says. The budget of the Russian Subsoil Use Management Agency shares 40 billion rubles in the sum. The Russian Geology gains 45% of its profit from hydrocarbons geological exploration, and solid minerals share the rest.
Translated by Nadezhda Poltoratskaya       
Source:  http://www.oilru.com/news/385980/

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A new oil deposit is discovered in the Svetlogorsk district

A new oil field will be developed in the Svetlogorsk district, the Chief of the Geology scientific and production centre’s Department of Hydrocarbon Raw Materials Geology Yaroslav Gribik reported. The new oil deposit was discovered at the site of the Prokhorovskoye field, which was suspended, - at the well Prokhorovskaya №13.

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Gazprom’s UK structure will close 5-year contract for supplies of 0.5 million tons of LNG

Gazprom Marketing & Trading (GMT), a  British Gazprom’s structure and the Canadian Pacific Rubiales Energy have signed the main terms of the 5-year contract for supplies of 0.5 million tons of LNG annually. The main terms of the agreement presuppose that the companies will continue negotiations on the exclusive basis within the next 9 months. Supplies should start in Q2 2015. The price formula will be based on the prices at the international oil market. In accordance with the agreement, Pacific Rubiales Energy will supply gas to the offshore liquefying device.

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On November 5, the daily oil and gas condensate output was 1.4505 million tons in Russia

On November 5, the daily oil and gas condensate output was 1.4505 million tons in Russia, the Central Dispatch Department of Fuel and Energy Sector reports. Production was 560,600 tons in Rosneft, 237,300 tons in Lukoil, 168,700 tons in Surgutneftegaz, 137,000 tons in Gazprom Neft, 72,200 tons in Tatneft, 45,100 tons in Bashneft, 54,900 tons in Gazprom and 24,200 tons in Russneft.
Translated by Nadezhda Poltoratskaya       

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