Oil

Russia intends to invest $50 bln in oil and gas sector of Iran

Russia is ready to invest $50 billion in the oil and gas sector of Iran.

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Hebei Bishi is ready to provide steel to Zvezda shipyard

The Chinese Hebei Bishi plans to construct a shipbuilding steel plant in Primorsky Territory with a capacity of 1 million tons, which is three times higher than the actual needs of Russian shipyard

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In H1, Azerbaijan reduced export of declared gas volume by 2.5%, oil – by 40%

In the first six months of 2018, export of declared gas volumes from Azerbaijan amounted to 3 101 025.02 thousand cubic meters, the State Customs Committee reports.

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In H1, Tatarstan insignificantly reduced oil production

In the first six months of 2018, volume of oil production in Tatarstan decreased by 0.7% to 17.6 million tons.

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In June, Azerbaijan reduced oil production to 792 thousand barrels per day, fulfilling its obligations within OPEC+ deal

In June 2018, the daily volume of oil production in Azerbaijan amounted to 792 thousand barrels, the country’s Ministry of Energy informed.

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Sanctions against Russian oil industry hit extraction

In general, sanctions affected 20-21% of Russia's GDP

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Antipinsky refinery increases capacity of Atmospheric Residue Deep Conversion Unit by by 50% as a result of modernization

The Antipinsky refinery (the key asset of the New Stream companies group) has increased the capacity of the Atmospheric Residue Deep Conversion Unit by 50%.

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In H2, oil production in Russia to exceed level of OPEC+ deal by 150 thousand barrels

In the second six months of the year, OPEC expects an increase in oil production in Russia by 150 thousand barrels per day from the level determined by OPEC+ deal.

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Russian Government extends Kharyaga production sharing agreement for 13 years more

On July 7, 2018, the Russian Prime Minister Dmitry Medvedev signed an order to extend the term of production sharing agreement on the Kharyaga field.

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RUSBURMASH is preparing a uranium deposit in Buryatia by the time the development is started.

36 wells have already been drilled at Vershinnoye, infrastructure facilities and power supply systems are under construction.

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