The stake of oil extraction in the Arctic zone of Russia in the total volume of oil extraction in Russia will grow from 17% to 22% by 2035, the Minister of Energy, A. Novak, said.
The Ministry of Finance considers the abolition of the export duty on oil to be correct, but is ready to discuss this only from 2019-2020, the head of the department of tax and customs policy of th
Rosneft and Gazpromneft will compete for the field with a price tag of at least 7 billion roubles.
At the average price of $40 per barrel Azerbaijan will receive $5 billion from oil sales in 2017. This was stated by President Ilham Aliyev at the republican meeting on cotton production.
Russian companies have reached agreements on the development of large hydrocarbon fields in Iran.
The drilling department of Nebitdag of the state-owned concern Turkmenneft has completed drilling operations at the 1314th well of the Barsagelmez field.
BP has extended the contract with the Scottish company Elite Control System to provide services for automated management and support of the Chirag oil platform in the Azerbaijani sector of the Casp
Azerbaijan is ready to further reduce the oil production in case of taking an appropriate decision by oil-producing countries, head of the press centre of the country’s Ministry of Energy Zam
Kazakhstan executes the agreement with OPEC on the reduction of oil extraction but it is not about a higher reduction, the Minister of Energy, K. Bozumbaev, said.
Gazpromneft Badra, a subsidiary of Gazpromneft, has increased the daily production at the Badra field in Iraq to 80 thosuand barrels, Gazpromneft reports.