Gas

Azerbaijan to receive first tranche of the bonus for extension of the development of the Azeri-Chirag-Gunashli oil block as early as 2018

In 2018 Azerbaijan will receive the first tranche of the bonus from a consortium of foreign investors for the extension of the contract for the development of the Azeri-Chirag-Guneshli (ACG) oil fi

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Rosneft not to participate in the auction for the sale of Alrosa's gas assets

The investment committee of Rosneft considered the possible participation of the company in the announced auction for the sale of gas assets of Alrosa.

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European gas traders are sad because of return of Russian gas to the Ukraine

In 2018, Gas traders from the EU countries will lose more than $1 billion due to the reduction of natural gas supplies to the Ukraine.

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Rosneft extends licenses for two oil and gas fields in the Krasnodar region

The Federal Agency on Subsoil Usage has extended Rosneft’s licenses for geological exploration and production of minerals at two hydrocarbon deposits in the Krasnodar region - Ubezhensky and

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Level of gas provision in Crimea promised to be increased to 80%

In the next 5 years, the gas provision level of Crimea is promised to be increased to 79.6%.

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In 2017, Poland increased gas export to the Ukraine to 700 mln cubic meters

In 2017, Poland increased export of natural gas to the Ukraine in half to 700 million cubic meters. This is stated in the message of the Polish oil and gas company PGNiG.

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In 2017, oil production in Russia fell by 0.1%, gas – grew by 7.9%

In 2017, oil and gas condensate production in Russia decreased by 0.1% compared to the same period of 2016 and amounted to 546.800 million tons (10.981 million barrels per day).

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In 2017, Irkutsk Oil Company increased oil and gas condensate production by 9% to 8.5 mln tons

In 2017, Irkutsk Oil Company increased production of liquid hydrocarbons (oil and gas condensate) by 9% compared to 2016 to 8.5 million tons. The company reported this on January 10, 2018.

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In 2018 the Ministry of Finance predicts replenishment of the NWF while maintaining oil prices.

The replenishment of the National Welfare Fund (NWF) in 2018 was possible while maintaining oil prices and exchange rate ratios at the current level, the Minister of Finance of the Russian Federati

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Alexander Novak: Development of Russian gas resources for LNG to attract 8 trln rubles of investments

By 2035, investments in the development of Russia's gas resources for the production of liquefied natural gas (LNG) may amount to about 8 trillion rubles.

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