Oil

In January-October, SOCAR reduced oil production by 2%

In January-October 2017, SOCAR produced 6 198.3 thousand tons of oil, which is by 1.9% less than in the same period last year, SOCAR reports.

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Rosneft extends cooperation with Greek Motor Oil Hellas

Rosneft, Petrocas Energy (Rosneft group’s company) and Greek Motor Oil Hellas Corinth Refineries have signed a trilateral agreement on intentions in the field of oil and petroleum products su

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Rosneft extends licenses for 13 oil and gas fields on Sakhalin

The Federal Agency on Subsoil Usage has extended Rosneft’s licenses for geological exploration and production of minerals at 13 oil and gas fields on Sakhalin: North Okha, Lower Dagi, Gilyako

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Oil and gas incomes of Russian budget for the next three years determined

In 2018, base oil and gas revenues in the Russian Federation will amount to 5.480 trillion rubles, in 2019 - 5.247 trillion rubles, in 2020 - 5.440 trillion rubles.

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Rosneft to supply 60.8 mln tons to Chinese CEFC before the end of 2022

In 2018-2022, Rosneft will supply oil in the volume of up to 60.8 million tons to the Chinese CEFC.

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Russian State Duma still leaves Sakhalin without the main part of oil and gas taxes

From 2018 to 2020 inclusive, the Sakhalin region will receive only 25% of the total income tax for the Sakhalin-2 project.

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Supplies of Russian oil to Uzbekistan start

Russia has begun trial deliveries of oil to Uzbekistan, where in three years it is planned to launch a new refinery together with Gazprom for 5 million tons.

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In January-September, Azerbaijan reduced oil export by 8.6%

In January-September 2017, Azerbaijan exported 24 379 thousand tons of oil, which is by 8.6% less than in the same period last year, the country’s Government reports.

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Transportation of gas and oil via Kazakh pipeline increases

In the first ten months of 2017, 193 million tons of oil and gas were transported through the pipelines of Kazakhstan. This is by 13% more than the last year's figures.

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In 2018, Rosneft to supply about 12 mln tons of oil to CEFC

The Rosneft’s Board of Directors has approved the supply about 12 million tons of crude oil to the Chinese energy company CEFC in 2018, the Reuters reports, citing its informed Chinese source

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