Oil

Kazanorgsintez increases export of polycarbonates by 2.5 times in Q1-Q3

Polycarbonate imports to the Russian market decreased by 5% over the first three quarters of the current year. Exports, on the contrary, more than doubled.

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Export duty on pure LPG fractions to decrease by more than 2.5 times in December

In December the export duty on pure fractions of liquefied petroleum gases (LPG)  will be $8.8 per ton. In November, exports are carried out at a duty rate of $23.6 per ton.

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November extraction in Russia so far is lower than in October

In November, the daily oil production in the Russian Federation is still lower than in October by 20 thousand barrels.

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British Expo opens base in Azerbaijan to fulfill contract with BP

British oilfield service company Expro has commissioned a base in Azerbaijan, the company reports.

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Gazprom reports that Minsk violates gas contract

In the third quarter of 2018, Belarus violated its contractual obligations to Gazprom, as didn’t pay for gas supplied from Russia.

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Ex-vice-president of Bashneft becomes senior vice-president of New Stream and director of Antipinsky refinery

Maxim Andriasov, who previously held post of Evraz’s vice-president and before that - Bashneft’s, will be appointed senior vice-president of the New Stream Group of Companies (New Strea

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Gazpromneft discovers large oil field on Sakhalin

Gazpromneft has discovered a new field on the Ayashsky site on the shelf of the Sea of Okhotsk, the Russian gas holding company informs in its statement.

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President Aliyev approves PSA type contract between SOCAR and BP on exploration and development of D230 block in the Caspian Sea

The Azerbaijani President Ilham Aliyev has approved an agreement on geological exploration, development and equity distribution of production (PSA) for the promising block D230 in Northern Absheron

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In January-October, Uzbekistan increased petrol output by 6.2% to 966.8 thousand tons

In January-October, Uzbekistan increased petrol production by 6.2% compared to the same period in 2017 to 966.8 thousand tons.

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Russia expands cooperation with Malaysia in energy sector

Russia is expanding cooperation with Malaysia in the energy sector, not only in the oil and gas sector, but also in the use of the peaceful atom, the Russian Minister of Energy Alexander Novak note

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