Oil and Gas

Gazprom works on gas pipeline’s construction to Japan

Gazprom works out the issue of construction of a gas pipeline to Japan, deputy chairman of Gazprom, V. Markelov, said.

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Sakhatransneftegaz to be owner of all gas networks in Yakutia

The Yakut government continues to privatize gas facilities by introducing them into the charter capital of Sakhatransneftegaz.

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The stake of Arctic in the total volume of oil extraction in Russia may grow to 22% by 2035

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.

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SOCAR has put into operation a new platform at Oil Rocks

SOCAR has put into operation a new fixed platform #620A at the  Oil Rocks offshore deposit.

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Federal Agency on Subsoil Usage doesn’t see necessity to lift moratorium on issuance of offshore licenses

The Federal Agency on Subsoil Usage believes that the moratorium on the issuance of licenses for the shelf is justified and it is not necessary to remove it in the short term, head of the Agency Ev

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CPC plans to increase oil pumping by Tengiz-Novorossiysk oil pipeline

Caspian Pipeline Consortium (CPC) has discussed the aspects of cooperation with the largest producer of drag reducing agents for route oil pipelines.

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Gazprom plans to purchase 5 bln cubic m of gas from Uzbekistan in 2017

Gazprom plans to purchase 5 bln cubic m of gas from Uzbekistan in 2017 and holds consultations on the signing of a mid-term contract for the purchase of Uzbek gas.

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Profit of Eurasia drilling fell by 31.9% to 7.41 bln roubles in 2016

The net profit of the Russian affiliate of Eurasia Drilling – Eurasia in 2016 fell by 31.9% and made up 7.41 bln roubles, is said in the company’s report under RAS.

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Rosnedra expects the growth of oil and gas reserves to over 600 mln tons in 2017

On the results of 2017 Rosnedra expects the growth of oil and gas reserves to exceed 600 mln tons, the head of the agency, E. Kiselev, said.

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Gazprom signs memorandum on cooperation with NIOC

Gazprom has signed a memorandum with the National Iranian Oil Company (NIOC) on cooperation in the gas sector, the RNS’ correspondent reports after the meeting between the Russian President V

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