Oil and Gas

R.Khamitov: There are not enough incentives of import substitution in petrochemical complex

The government of Bashkiria believes that the current incentives for import substitution in the petrochemical complex are insufficient.

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Russia reduces its oil dependence

The share of non-oil and gas revenues of the budget continues to increase, in 2016 it made up 2/3 of all revenues.

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Vietsovpetro sstarts industrial production of oil from the Tho Trang field

On May 7, 2017, Vietsovpetro, a joint venture of Russia and Vietnam, began commercial production of oil from the offshore field Tho Trang (White Hare).

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Gazprom Neft increased oil extraction in Iraq and Iraqi Kurdistan by 1.9 times in Q1

Gazprom Neft increased oil extraction in Iraq (Badra deposit) and Iraqi Kurdistan by 1.9 times in Q1 2017 compared with Q1 2016 to 300 thousand tons, is said in Gazprom Neft’s IAS report.

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Capital expenditure of Gazprom Neft fell by 21.7% to 65.7 bln roubles in Q1

The capital expenditure of Gazprom Neft fell by 21.7% to 65.665 bln roubles in Q1 2017 compared with Q1 2016, is said in the company’s IAS report.

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Gazprom plans to launch the 4th and 5th Achimov sites of Urengoi deposit in 2020

Gazprom plans to launch the 4th and 5th Achimov sites of the Urengoi oil and gas condensate deposit in Q4 2020, deputy chairman of Gazprom, V. Markelov, said.

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Gazprom expects demand growth for imported gas in Europe by 60 bln cubic m by 2025

Gazprom expects the growth of demand for imported gas in Europe by 60 bln cubic m by 2025, the head of the department of contracts and price making of “Gazprom export”, S.

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Oil reserves growth in Belarus doubled in 2016

The growth of oil reserves in Belarus in 2016 grew by twice in 2016 compared with 2015, the Minister of Natural Resources, A. Kovtukho, said.

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Oil processing depth at Belarusian refineries to be increased to 90-92%

Belarusian refineries will increase the depth of oil processing to 90-92% in the next few years.

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In January-April, production of low-pressure polyethylene in Russia fell by 6%

In January-April of the current year. domestic enterprises increased the production of low-pressure polyethylene by 6%.

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