Oil

In H1, Kazakhstan reduced oil production by 1.5%, gas - by 1%

In the first six months of 2019, volume of oil production in Kazakhstan amounted to 37.975 million tons, which is by 1.5% less than in the first half of 2018.

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Oil and gas giants of Russia to pay $22 billion in dividends

The largest oil and gas corporations of the Russian Federation will have to pay the amount of 1 396 trillion rubles or $22.1 billion as dividends for the past 2018.

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Lukoil denies use of chlorinated organics. The company doesn’t associate cases with Volgograd refinery with incident at Druzhba oil pipeline

Lukoil has stated that it doesn’t use chlorinated organic reagents in production of hydrocarbons.

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Ukrtransnafta starts transporting American oil to refinery

Ukrainian Ukrtransnafta has begun transportation of American oil to Kremenchug refinery through the Odessa-Kremenchug oil pipeline, the company’s press centre reported.

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SOCAR makes regular payment on interest to bondholders

On Wednesday SOCAR (State Oil Company of Azerbaijan) made the 11th payment in the amount of $1.25 million in interest to the holders of SOCAR bonds, SOCAR Capital reported.

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Lukoil states that it does not use organochlorine reagents in extraction of hydrocarbons

The company noted that since April 2019, they have been monitoring the level of organochlorine in the oil supplied to the Volgograd refinery, and all samples are within the normal range.

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Marginality of "petrol" refineries finally becomes positive

As research group Petromarket reports, according to preliminary estimates, the average net margin of Russian refineries in June increased by almost 1 thousand rubles per ton and reached a maximum v

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Azerbaijan lowers exports of petroleum products by 5% in the first half of the year.

The declared export of oil products from Azerbaijan in H1 2019 amounted to more than 520 thousand tons, the Interfax reports.

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Development of the Arctic shelf lags behind plans of state companies

The previously large-scale plans of state companies for the active development of the Arctic shelf are failing.

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Uzbekneftegaz to place up to 49% of its shares until 2024 within IPO.

On Friday the Ministry of Energy of Uzbekistan reported that no later than by 2024 the state company Uzbekneftegaz would place up to 49% of the shares as part of an IPO, according to Reuters.

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