Russia

Tatarstan has shale oil reserves

Tatarstan has shale oil reserves, the President of Tatarstan, R. Minnikhanov says. Tatneft has started scientific research for the development of the technologies for new hydrocarbon's material extraction. Within the period, the region has produced over 3 billion tons of hydrocarbons. Despite the fact that the deposits are getting more and more mature, production increases.

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Smelting of stainless steel grows by 47.9%

According to the association Stesstal, in the first six months of 2013 the volume of stainless steel in Russia increased by 47.9% as compared with the same period of 2012 and made up 77 672 tons.

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Krasnoyarsk precious metals plant to intend to increase production of precious metals

The Board of Directors of the Krasnoyarsk precious metals plant n.a. V.N. Gulidov (Krastsvetmet) has approved its development strategy through until 2025, aimed at the strengthening of its positions in its traditional markets, entry to new markets,an  increaseinf production output and an extension of its product mix.
The strategy provides for the increase of the annual volumes of processed raw materials by 70%, the production of platinum-group metals by 27%, gold by 55%, silver by 95%, sale of gold and silver ware by 103%, engineering products, made from platinum-group metals by 97% and from silver by 136%.

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Tatneft’s rates in August and for the first 8 months of 2013

Oil production
 
In August, Tatneft produced 2 219 716 tons of oil – 100.7% to August of 2012 (+15 674 tons). In the first eight months, 17 369 545 tons were produced that is by 49 238 tons more than in 2012 (100.3%), including 458 515 tons in excess of the plan (102.7%). 17 074 083 tons of oil were dispatched, including 487 863 tons in excess of the plan.
 
New drilling
In the first eight months of 2013, new drilling made up 382 thousand meters (435.6 thousand meters in the first eight months of 2012), including 301.2 thousand meters for Tatneft (325.3 thousand meters in the first eight months of 2012) – 294.1 thousand meters of operating drilling and 7.1 thousand meters of exploratory drilling.
23.8 thousand meters were drilled for Tatneft’s subsidiaries (37.2 thousand meters in the first eight months of 2012), including 16.5 thousand meters of operating drilling and 7.3 thousand meters of exploratory drilling.

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Rosnedra extends Rosneft’s licenses for the Baganskoye and North-Baganskoye fields in Komi to the end of 2033

The Federal Agency for Subsurface Use has extended the oil company Rosneft’s licenses for the geological study of the Baganskoye and North-Baganskoye oil fields in Komi with the aim of looking for and evaluating their hydrocarbon deposits. According to the company’s report, the licenses were granted until December 31st of 2033.

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RusPetro searching for a large international partner with Russian experience

The independent oil company RusPetro Plc. with Russian assets needs a reliable technical and financial partner, the head of the company Tom Reed reported on Wednesday.
“We are searching for a large international technological company having Russian experience”, Reed said.
As he noted, there are several companies with large international experience acquainted with the successful development of oil and gas business in different regions and working in Russia long enough to complete its  integration into the oil and gas industry.

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As of September the 4th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 428.8 thousand tons

As of September the 4th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 428.8 thousand tons

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An accident at Kuibyshev-Novorossiysk oil pipeline caused termination of shipment under the contracts of “Rosneft”

An accident at the oil pipeline Kuibyshev-Novorossiysk near Volgograd on September 1st has caused the termination of oil loading under the contracts of OJSC “Rosneft”. They stated about it in the company to ITAR-TASS.
“At present the shipment of oil at the port Novorossiysk is suspended. Another two tankers were to be loaded on September 2-3 and 3-4. The customers were informed about the delay of the shipment,” they said in Rosneft.

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Serbian subsidiary of Gazpromneft to be interested in entry to electricity market of Serbia

The Serbian NIS, a Gazpromneft subsidiary, is ready to implement the project on the construction of an electricity generating station with capacity of 700 MW and to enter the Serbian electricity market, the NIS’s General Director ,Kirill Kravchenko stated during the meeting with President of Serbia, Tomislav Nikolic, the company reports.

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Value of Stroytransgaz’s potential contracts on South Stream project to exceed $7 billion

The value of Stroytransgaz’s potential contracts on the South Stream project will exceed $7 billion, analysts, interviewed by the ITAR-TASS, believe.
In particular, according to the analyst of Raiffeisen Bank, Andrei Polishuk, only the cost of the construction of gas pipeline branch from South Stream in Macedonia, on which Stroytransgaz is going to come to an agreement with the Macedonian Government, is estimated at $750 million. It was noted earlier that the cost of the construction of the Bulgarian and Serbian sections of South Stream, to which Stroytransgaz also contends, is about $6.6 billion.

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