Oil and Gas

In 2012, Uzbekistan reduced oil and gas condensate production by 11.6%

In 2012, Uzbekistan reduced oil and gas condensate production by 11.6% to 3.165 million tons, the State Statistic Committee reports, including the reduction in the production of oil by 17.4% to 1.516 million tons, and gas condensate by 5.6% to 1.604 million tons. The state also reduced the production of fuel and lubricants by 6.3% to 1.226 million tons, of petrol, by 8.1% to 304,500 tons of kerosene, by 2.9% to 1.021 million tons of diesel fuel, by 8.2% to 255,200 tons of fuel oil, and by 8.1% to 151,300 tons of oil bitumen.

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On March 12, the daily oil and gas condensate output was 1.4291 million tons in Russia

On March 12, the daily oil and gas condensate output was 1.4291 million tons in Russia, the Central Dispatch Department of the Fuel and Energy Sector reports.
 

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Rosneft can get 8 new shelf licenses

The director of the Russian subsoil use management agency A. Popov thinks that Rosneft can get 8 new shelf licenses. He confirms that Rosneft has made an official application to the Agency for granting of 8 new licenses in additional to 12 licenses obtained recently. Now the agency executes the corresponding materials, and the verdict about the issue will be admitted by the Russian Government. He does not give the precise date of execution of the materials and their presentation to the Government.

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SOCAR’s Eurobonds for $1 billion receive rating “BBB-” from Fitch

The international rating agency Fitch Ratings has given to the issue of 10-year priority unsecured Eurobonds of SOCAR for $1 billion the priority unsecured rating in foreign currency “BBB-”, the agency reports.

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Israeli Minister prohibits selling gas to Russian Gazprom

The Head of the Israeli Ministry of Energy, Uzi Landau has prohibited the sellingof  natural gas from the Tamar deposit to foreign companies, particularly, to Russian Gazprom and Korean Daewoo.
Uzi Landau reported his decision in the letter, sent tothe  owners of the companies that develop the Tamar deposit. The letter was sent after the messages of mass media about agreements to sell gas to foreign companies, the VZGLYAD writes.

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In 2012, EP KazMunaiGas decreased profit by 23%

In 2012, the net profit of Exploration-Production KazMunaiGas made up $1.08 billion that is by 23% less than the same rate in 2011, the RBK reports, referring to the company.

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Kazakhstan proposes to toughen control of crude oil extraction and export

During the session of the Commission attached to the Kazakh President on issues on the fight against corruption, it was proposed to toughen the control of crude oil extraction and export to exclude the evasion of the payment of taxes and duties, Tengrinews.kz reports, referring to the official site of the State’s Head.

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Gazprom places 2 tranches of Eurobonds in Euro for 7 and 12 years

Gazprom has placed 2 tranches of Eurobonds in Euro for 7 and 12 years. The orienting point is 230 basis points  above LIBOR for  the 7-year stocks, and 260 basis points for the 12-year stocks to average market swaps. The picing is awaited today.
On March 11-12, Gazprom held the meetings with the investors in Europe for the possible replacement of Eurobonds LPN of Gazprom in Euro of series 30 and 31. The road show organizers are Credit Agricole CIB, J. P. Morgan and Gazprombank.

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In Q2, Russia to deliver 5.75 million tons of oil to Belarus

Russia and Belarus have coordinated the volume of crude oil and oil products supplies in the second quarter of 2013; the volume of oil supplies will make up 5.75 million tons that corresponds to the level of the first quarter and the annual supply volume in the amount of 23 million tons, the press secretary of the Russian Vice Prime Minister, Arkady Dvorkovich, Aliya Samigullina reported to journalists.

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Rosneftegaz claims 127.5 billion rubles from the sales of Rosneft stocks to BP

Rosneftegaz claims 127.5 billion rubles from the sale of 5.66% in Rosneft to BP. The chief of Rosneft, the Chairman of the Board of Directors of Rosneftegaz, I. Sechin asked about this from the President of Russia V. Putin. These funds will be investment to the capitalization support of fuel and energy companies.
At the end of November 2012, the Russian Government decided all directives to the state representatives in the Board of Directors of Rosneft, necessary for the admission of transactions of the shares of BP and AAR in BP-TNK.

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