Oil and Gas

Fitch changes forecast of Bashneft’s rating for positive

International agency Fitch has changed outlook on ratings of Bashneft from "stable" to "positive." This was reported in the press release of the agency.

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In 2017, SOCAR reduced assessment of proven oil reserves by 6.5%, gas – by 42%

As of the beginning of 2018, according to international estimates, proven oil reserves of three fields developed by SOCAR amounted to 66.838 million tons, gas – 29.927 billion cubic meters.

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Export of Azerbaijani gas from Shah Deniz field increased by 4.4% in January-August

In January-August 2018 the export of Azerbaijani gas from the Shah Deniz field amounted to 4 billion 990.6 million cubic meters, which is 4.4% higher than in the same period last year, the State St

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Phosagro invests 3.2 billion rubles into upgrade of Balakovo branch

PhosAgro launched into commercial operation an ammonia pipeline from the existing main pipeline Togliatti-Odessa to the Balakovo branch of JSC Apatit.

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In August 2018, 20.495 mln tons of oil produced in Yugra

In August 2018, 20.495 million tons of oil were produced in Yugra. This is by 0.421 million tons more than in July, the Oil and Gas Information Agency estimated.

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Since the beginning of 2018, 1 mln tons of oil produced in Saratov region

Since the beginning of 2018, 1 million tons of oil has been produced at fields of the Saratov region.

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BP buys 61% in contract for development of land field in Azerbaijan

BP has acquired a 61% equity participation in agreement on production sharing on onshore oilfield South-Western Gobustan in Azerbaijan, it follows from message of BP-Azerbaijan.

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Russia increases its oil supplies to China by more than 30% within eight months.

Supplies of oil from Russia to China increased by 30% in 2018, the Deputy Prime Minister Dmitriy Kozak informs.

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Russian Government may level market participants due to quota for fuel supply

The Russian Government is discussing the right to set quotas for the supply of petroleum products to the domestic market in the event of such a need.

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The "Turkish Stream" not to be able to supply Russian gas to Europe until 2022.

Bulgaria's connection to the Turkish Stream gas pipeline and the subsequent transit of Russian gas via this pipeline to central Europe would not be implemented before 2022, the Hungarian Foreig

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