Oil

Russneft still intends to increase capital investments 1.5 times in 2017

Russneft won’t reduce the amount of financing for the company's capital investments in 2017, despite the reduction in the production under the OPEC and non-OPEC agreements.

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Rosneft comments on fine of ExxonMobil for sanctions regime violation

ExxonMobil has always been attentive to actions within sanctions and has coordinated them with sanctions lawyers.

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Subsoil Use department in Yakutia to conduct auction for 4 oil and gas sites on September 5

The Subsoil Use Department in the Republic of Sakha (Yakutia) has appointed 4 auctions for hydrocarbon sites on September 5, 2017.

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Tatarstan to consider possibility to export oil products through Iran to Turkmenistan and Afghanistan

The Tatarstan’s President Rustam Minnikhanov has stated he will consider the possibility of exporting petroleum products through Iran to Turkmenistan and Afghanistan.

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Rosgeologiya studies the promising Bardabashinskaya area in the Perm region

Permneftegeofizika (the enterprise is a part of Rosgeologiya) has started field CDPM 3D seismic exploration within the Bardabashinskaya area in the Perm region.

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Tatneft increases production rate of marginal wells tenfold as result of smart hydrofracturing

The application of multi-stage hydraulic fracturing in synergy of digital and technological solutions allowed Tatneft to increase the well production rate tenfold at facilities that previously were

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Zarubezhneft and Tatneft claim to the Shadegan field in Iran

Zarubezhneft and the National Iranian Oil Company (NIOC) have signed a memorandum of understanding aimed at developing the Shadegan oil fields in southwestern Iran.

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From August 1, export oil duty in Russia to fall by $6.5 to $74.4

From August 1, 2017, according to the calculations of the Ministry of Finance, the export duty on oil in Russia will decrease by $6.5 and will amount to $74.4 per ton, the Ministry informs.

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LUKOIL to cooperate with Nenets Autonomous District

LUKOIL signed a protocol to the cooperation agreement with the government of the Nenets Autonomous District, designed for 2017, which will be used for subsoil study, oil and gas production, develop

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In January-May, oil export from Azerbaijan fell by 10%

In January-May 2017, Azerbaijan exported 13 344.400 thousand tons of oil, which is by 10.1 percent less than in the same period last year, the country’s Government reports.

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