Oil and Gas

Rosgeologiya to study little-studied part of Timano-Pechora province

Rosgeologiya will explore the little-studied South-Eastern part of the Timano-Pechora oil and gas province. This was announced on August 8, 2018.

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Gas processing plant to be built in Aktobe region of Kazakhstan

The construction of a complex gas treatment plant will be completed in the Aktobe region of Kazakhstan in 2018.

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Rosneft reduced capital expenditures of processing segment by 17% in H1

Rosneft reduced amount of capital expenditures in the segment of processing, commerce and logistics by 16.7% in the first six months of the year.

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The volume of gas in the UGS of Ukraine exceeded 13 billion cubic meters

According to Ukrtransgaz the gas reserves in the underground storage facilities of Ukraine exceeded 13 billion cubic meters and amounted to 13.159 billion cubic meters.

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SIBUR sells 49.9% of LNG Novaengineering for 16 million rubles

Sibur sold a 49.9% stake in the designer of the plants "LNG Novaengineering" for 16 million rubles, the company's report says.

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In July, TANECO reduces processing by 6%, production – by 7%

In July 2018, Tatneft’s complex of oil refining and petrochemical industries of TANECO maintained the volume of raw materials processing and production of finished products at the level of Ju

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SOCAR-AQS starts drilling new well at West Absheron field

SOCAR-AQS LLC started drilling a new well in the West Absheron field, the company informed. Well No. 63 will be drilled from offshore platform No.10. The design depth of the well is 724 meters.

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Glencore expects that deal on purchase of 14.16% of Rosneft’s shares by QIA to be closed in H2

Swiss trading company Glencore has expected closing of a transaction for acquisition by Qatar investment fund Qatar Investment Authority (QIA) of 14.16% of Rosneft’s shares, owned by the cons

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Cancellation of fine imposed on head of Naftogaz for refusal to process documents on gas for Donbass challenged in Ukraine

The State Fiscal Service of Ukraine appealed the decision of the court, which canceled the fine of 7 billion hryvnia imposed on the head of Naftogaz Andrey Kobolev.

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In H1, Bashneft’s net profit grew 2.2 times

In the first six months of the current year, the Bashneft's profit from RAS increased 2.2 times compared to the same period in 2017 to 43.74 billion rubles.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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