Oil

Oil and gas revenues to the budget of the Russian Federation to be reduced in 2020-2022.

The share of oil and gas revenues of the budget of the Russian Federation will continue to decrease in 2020-2022, according to materials published by the Ministry of Finance of Russia.

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SOCAR to export 330 thousand tonnes of oil via Baku-Novorossiysk pipeline in the fourth quarter of 2019

In the fourth quarter of 2019, SOCAR will export 330,000 tonnes of oil via the Baku-Novorossiysk pipeline.

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Rosneft looks for a contractor to explore a site in the Sea of Okhotsk

Rosneft has announced a tender for 3D field seismic and geological exploration work at the Bogatinsky subsoil area in the Sea of Okhotsk, RosTender.info reported.

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Azerbaijan's profitable oil produced from ACG within 8 months of 2019 exceeds 13.6 million tons – SOCAR.

The total volume of oil produced so far from the block of Azeri-Chirag-Guneshli (ACG) fields totaled 492 million tons as of September 1, 2019, according to Khoshbakht Yusifzade, the First Vice Pres

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Calculated the value of all Russian oil

The total value of Russian oil reserves is 74.5 trillion rubles, or one trillion dollars.

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KazMunayGas's Romanian subsidiary to pay dividends for the first time

The foreign subsidiary of KazMunayGas will pay dividends for the first time. The amount of payments will depend on the company's financial and operating results for 2019

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488 million tons produced at Azeri-Chirag-Guneshli since its start

The total volume of oil produced at the Azeri-Chirag-Guneshli (ACG) field of BP-Azerbaijan amounted to 488 million tons. Production data are from November 1997 to the second quarter of 2019.

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Contractor asks to recognize Transneft-Druzhba bankrupt

Ulyanovsk company Podvodnye Tekhnicheskiye Raboty (PTR, Underwater Engineering Works) asks to recognize Transneft-Druzhba JSC, which for several years has not been paying its debts for the previous

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Lukoil takes first place in the ranking of 200 largest private companies in Russia – the Forbes.

Lukoil, the second largest Russian oil company, for the seventh time in a row took first place in the ranking of 200 largest private companies in Russia, compiled by the Forbes magazine, RBK report

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Gazprom Neft may produce special polypropylene grades at Polyom

Gazprom Neft, which is a co-owner of Polyom through the Sibgazpolymer JV, together with SIBUR is studying the possibility of launching production of polypropylene grades unique to the Russian marke

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