Oil

Lukoil buys back over 655.3 thousand shares for $48.6 million

From January 8 to 11, 2019 Lukoil acquired 655.275 thousand of its ordinary shares as part of a buyback program, it follows from the materials of the company.

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In 2018, Belarusian oil refineries processed about 18 mln tons of oil

In 2018, Belarusian oil refineries processed about 18 million tons of oil. We are talking about the Naftan and Mozyr oil refinery.

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EIA forecasts oil production in Russia in 2019 and 2020

The Energy Information Agency of the US Department of Energy (EIA) has released another monthly forecast for oil production in Russia.

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Rosneft's German subsidiary begins direct sales of petroleum products in Germany

Rosneft Deutschland GmbH, a subsidiary of Rosneft, has launched direct sales of petroleum products in order to increase efficiency, Rosneft said in a statement.

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Gazprom Neft to introduce new technologies for development of Bazhenov formation

The Bazhen Technology Center tested eight new Russian drilling and downhole works technologies while developing unconventional hydrocarbon reserves of the Bazhenov formation.

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Rosneft to increase production at three fields by three times

In 2019, Rosneft intends to increase total production at the Russkoye, Tagulskoye and Kuyumbinskoye fields to 6 million tons of oil. This was stated on Tuesday by a representative of the company.

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Rospan postpones start of LPG production until end of 2019

Rosneft intends to launch the production of liquefied petroleum gas (LPG) in the framework of the Rospan project closer to the end of 2019, Reuters reports citing traders.The interlocutors of the a

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Oil industry companies of the Russian Federation may be obliged to pay property tax for all wells

The Ministry of Economic Development of the Russian Federation has prepared a draft law, which, in particular, will oblige the oil industry companies to pay real estate tax on all wells.

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New equipment delivered to the Angara field in Novy Urengoy

A branch of Russian Railways Logistics has implemented a project for railway transportation of machinery and oil and gas equipment for the new field Angara in Novy Urengoy.

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Rosneft supplies to Russian oil refineries increase by 3 million tons.

Rosneft began to send more oil to the oil refineries. Delivery volumes increased by 3 million tons.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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