Oil and Gas

Azerbaijan intends to consider prolongation of OPEC+

The Energy Minister of Azerbaijan Parviz Shahbazov said that Azerbaijan would consider extending the OPEC+ agreement on oil production reduction. This is reported by RIA Novosti.

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Atyrau refinery to produce 240 thousand tons of winter diesel fuel before the end of 2017

The Atyrau oil refinery has started production of winter diesel fuel. This was reported on November 19, 2017.

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Transneft's board of directors approves addition of 35 billion rubles of Russia's share capital in CPC to authorized capital stock

Transneft's board of directors approved an increase in the company's authorized capital by adding to it a share of the Russian Federation in the Caspian Pipeline Consortium (CPC), the value

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Rosneft and Kurdistan agree on joint operation of oil pipeline

Rosneft and the Government of Iraqi Kurdistan have announced the launch of a project to operate an oil pipeline in the Kurdish region. The share share of the Russian company may be 60%.

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Sibur completes delivery of equipment for ZapSibNeftekhim in summer-autumn navigation period

Sibur has completed unloading and delivery of large-scale equipment for the complex for deep processing of hydrocarbon raw materials ZapSibNeftekhim during the summer-autumn navigation period, the

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Gas filling capacities of Yamal to increase by four times.

Three more new gas-filling compressor stations will appear in Yamal by 2020.

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Fortum is ready to support Uniper in Nord Stream-2

Fortum, becoming the main shareholder of Uniper, is ready to support the company in the Gazprom project for the construction of the Nord Stream-2 pipeline, the president and CEO of Fortum Pekka Lun

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Rosneft and Saipem agree on the localization of design and engineering work in Russia.

During the 10th Eurasian Economic Forum, which is being held in Verona, Rosneft and Saipem signed an agreement on strategic cooperation.

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What Russia's expansion in the gas market leads to?

The production of liquefied natural gas was carried out at the beginning of the last century, but its confrontation with pipeline gas began not so long ago: at the time when the United States

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Rosneft wants to increase oil supplies to China by 20%

Rosneft plans to increase oil supplies to China by 10 million tons next year through a long-term contract with China Energy (CEFC), which will become the new shareholder of the Russian oil company

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