Oil

BP and SOCAR to conduct exploration in north-west of Uzbekistan

The British BP and the Azerbaijani state-owned company SOCAR will conduct geological exploration in the Ustyurt region. The goal is to search for oil and gas in the north-west of Uzbekistan.

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In April 2019, 19.407 mln tons of oil produced in Yugra

In April, Yugra produced 19.407 million tons of oil. This is by 0.691 million tons less than in March, the Oil and Gas Information Agency calculated.

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Oil and gas revenues in the budget of the Russian Federation are reduced by 59 billion rubles

Under the conditions of a stable oil price, there will be no large-scale change in macroparameters in the treasury of the Russian Federation.

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Russian Railways: share of ferrous metals in total volume of export to sea ports is 7.4%

In the first four months of 2019, loading on network of Russian Railways to sea ports exceeded 106.8 million tons.

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Chlorine erodes Transneft's dividends

The company may reduce payments due to compensation for chlorine oil damage.

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Tatneft plans to increase crude oil processing by 20.7% in 2019

In 2019, Tatneft plans to increase processing of crude oil to 10.4 million tons compared to 8.61 million tons in 2018, as it follows from the company's materials.

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IEA: Pollution of oil in Druzhba to reduce confidence of Europe to Russian suppliers

The Russian Investigative Committee has revealed a scheme under which oil contaminated with organochlorine compounds got into the Druzhba oil pipeline.

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In January-April, Azerbaijan exported oil for $5.6 bln, gas – for $0.64 bln

In January-April 2019, export of declared oil from Azerbaijan amounted to 12 061.695 thousand tons, the Interfax-Azerbaijan was informed by the State Customs Committee.

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Lukoil invests $8 billion in Uzbekistan's projects

On May 15, 2019, president of Lukoil Vagit Alekperov met with President of the Republic of Uzbekistan Shavkat Mirziyoyev in Tashkent.

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Russian Energy Ministry estimates loss from oil pollution in Druzhba at most at $100 mln

Situation with pollution of Russian export oil in Druzhba pipeline will cost Russia less than $100 million instead of unofficial forecasts of damage of several billion dollars, the Government belie

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