Oil and Gas

Oil production at the ACG block was conducted from 115 wells in 2017

Oil production at the Azeri-Chirag-Guneshli (ACG) block in 2017 was carried out from 115 production wells, the press service of the Azerbaijan International Operating Company (AIOC-operator for the

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Gazprom buys 95% of necessary products from Russian manufactures

Gazprom buys 95% of all material and technical products from Russian producers under the import substitution program. This was told by head of Gazprom A.

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Gazprom agrees with Sibur on terms of ethane supply to Amur gas chemical complex

Within the framework of the XVII international investment forum Sochi-2018, representatives of Gazprom and Sibur have signed a preliminary agreement on the terms of ethane supply from Amur gas proc

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In 2017, oil production in Georgia fell by 17%

In 2017, volume of oil production in Georgia was 32 thousand tons, which is by 17.1% less than in 2016, Georgian oil and gas corporation (GOGC) reports.

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"Turkish Stream" leaves the route of "South Stream".

In particular, the pipelaying vessel Pioneering Spirit, which lays the first thread of the Turkish Stream in the Black Sea, passed a control point of the 660th kilometer near the border of the excl

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By 2025, Kazakhstan to increase oil production by 25%

By 2025, Kazakhstan will increase oil and gas condensate production to 107.3 million tons, the strategic development plan of the country, approved by the decree of President Nursultan Nazarbayev, i

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Eurochem may start construction of gas processing complex in 2019

Eurochem can start construction of a gas processing complex on the right-bank part of the Astrakhan gas condensate field in 2019.

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SOCAR and Statoil can sign an agreement on the Karabakh field in 2018.

Already in 2018 the Azerbaijani state-owned SOCAR and Norway's Statoil might sign an agreement on the development of the Karabakh oil and gas field, Vitaliy Beglyarbekov, the Deputy Vice-Presid

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Fitch: Alrosa's gas assets to help Novatek to stop production decrease.

The acquisition of Alrosa's gas assets will help Novatek to stop the fall in domestic gas production, FitchRatings analysts state in their review.

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Sergei Lavrov: Turkish Stream is needed to allow the Balkans to receive Russian gas

The Turkish Stream project is needed to increase the opportunities for the Balkan countries to receive Russian gas. This was stated by Russian Foreign Minister Sergei Lavrov.

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