Russia

Lukoil doesn’t find oil at four blocks in the Baltic Sea

Four alleged deposits in the Baltic, where Lukoil drilled for oil, turned out to be empty, and the fifth is unprofitable. Losses of the company can make about $100-150 million.

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The power of the 220 kV Latnaya substation in the Voronezh region will increase by 23%

FGC UES (part of the Rosseti group) is completing the replacement of the power autotransformer at the 220 kV Latnaya substation in the Voronezh Region.

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Gazpromneft predicts growth in oil production by 3% in 2017

Gazpromneft predicts an increase in its oil production by approximately 3% in 2017 compared to the last year's figure to about 62 million tons, said the first deputy general director of Gazprom

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In January-September, Izhstal increased sale of products

In the first nine months of this year, Izhstal (part of Mechel) sold 320 thousand tons of metal products, which is by 13% more than in the same period last year.

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Gazpromneft successfully places exchange bonds of 001P-03R for 25 bln rubles with coupon rate of 7.85%

On October 16, Gazpromneft (credit rating of ACRA is AAA (RU)) has closed the bid book for 001R-03R series bonds with a total nominal value of 25 billion rubles and a maturity of 5 years from the d

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Rosneft proposes fields with production over 6 million tons as pilot projects for added income tax

Rosneft proposed fields with a total oil production of approximately 6.13 million tons per year for pilot projects on the application of the tax on added income in the oil industry, the first Deput

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In 2018, Gazpromneft plans to increase number of maintenance stations in China

Gazpromneft-SM (part of Gazpromneft) has planned to expand the number of partner service stations in China almost 2.5 times in 2018, Gazpromneft reports.

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In January-September, 22.2 mln cubic meters of gas produced by Sibneft-Chukotka

In the first nine months of this year, Sibneft-Chukotka produced 22.17 million cubic meters of gas at the West-Ozernoye field in the Chukotka autonomous district.

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Lukoil, Surgutneftegaz and Gazprom Neft turn to Medvedev because of Rosneft's benefits

The heads of the Russian oil companies - Lukoil, Surgutneftegaz and Gazprom Neft - wrote a letter to the Prime Minister Dmitry Medvedev asking for tax relief for watered fields.

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Gazpromneft may attract Chinese investor to Chona project in Eastern Siberia

Gazpromneft may attract Chinese investors to the Chona project in Eastern Siberia, said the first deputy general director of Gazpromneft Vadim Yakovlev in an interview with the Reuters.

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