Oil and Gas

In 2016, oil production in the Samara region was 16.7 mln tons

In 2016, the volume of the oil production in the Samara region made up 16.7 million tons, which is 101.5% of the oil production in 2015.

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Oil processing in Samara region to grow by 900 thousand tons in 2017 after the launch of PetRoNeft’s oil refinery

In 2016 the enterprises of the Samara region processed 19.7 mln tons of oil. The average oil processing efficiency made up 74%.

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Oil extraction at the shelf of Russia in 2016 grew by 17.4% to 22.3 mln tons

Oil extraction at the shelf of Russia in 2016 grew by 17.4% against 2015 to 22.3 mln tons, the Ministry of Energy reports.

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Russia may use Azerbaijani security system for Power of Siberia

Russia will consider the use of the Azerbaijani system of the energy resources transportation security Robust Noise Monitoring of the National Academy of Sciences’ Institute of Control System

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The output of synthetic rubbers grows by 7%.

In 2016 "SIBUR Togliatti" had produced 167 thousand tons of synthetic rubbers used in the production of tires and rubber products, which is 7% more than in 2015, the company informed Info

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Transneft-Prikamie increases proceeds by 40%

While oil producing companies tried to keep their turnover at the level of 2015 due to record volumes of the production, one of the largest subsidiaries of the transport monopoly Transneft-Prikamie

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4 wells are launched in the Astrakhan Region.

In the Astrakhan region 4 wells were launched, the Minister of Industry, Natural Resources and Transport of the region Harisov Radik reported at a meeting of the board.

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Aleksandr Novak: Investments into the oil industry grew by 19%.

In 2016 the total investment into the oil industry of the Russian Federation grew by 19% to 1.21 trillion roubles, the Minister of Energy Aleksandr Novak announced at a meeting of the Public Counci

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Russia: Added income tax may be used only for new fields

Although a draft law on added income tax in the oil industry has been submitted to the Government, its fate still depends on the dispute between the Ministry of Finance and Rosneft on tax incentive

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OPEC to prolong agreement on reduction of oil production in case of maintaining of stocks above the average

The OPEC member countries and states that are not part of the organization can extend the agreement to reduce the oil production if the world stocks don’t fall below the average statistical l

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