Oil and Gas

Belorusneft starts oil production in Ecuador

Belorusneft has started to extract oil in Ecuador, the press service of the association informed.

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In January-July, oil production in Azerbaijan fell by 8.9%, gas – by 4.9%

In January-July 2017, oil production in Azerbaijan amounted to 22 500.6 thousand tons of oil, which is by 8.9% less than in the same period last year, the State Statistics Committee reports.

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In H1, Sibur’s net profit under RAS grew by6 57.2%

In January-June 2017, the net profit of Sibur under RAS increased by 57.2% compared to the same period last year and amounted to 62.885 billion rubles, the company reports.

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Gas production in Russia grows by a quarter.

In 2017 the abnormaly cold weather was a real gift for both gas producers and the Russian budget.

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Net profit of Gazprom falls 11 times

In the first six months of the current year, the Gazprom's net profit under RAS was reduced 11.2 times compared to the same period of the previous year.

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Surgutneftegaz wants to get into Power of Siberia

Independent gas producers could supply raw materials to the Power of Siberia gas pipeline, the Energy Minister Alexander Novak said back in 2015.

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Russian oil companies beat Soviet production records despite the crisis.

But the Western sanctions are hitting the development of hard-to-recover reserves.

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Consortium of Nord Stream lobbies cancelation of anti-Russian sanctions in the USA

Recently the international rating agency Moody's stated that it saw risks of the delaying of the construction of Nord Stream 2 and Turkish Stream because of US sanctions.

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SIBUR and Sberbank sign a factoring agreement.

SIBUR and Sberbank signed a factoring agreement. Within its framework, it is planned to finance shipments to customers of the petrochemical company, SIBUR informs.

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In 4 years Gazprom Neft reduced failures of pipeline system by 4 times

The corporate program Clean Territory provides for replacement of 400 km of pipelines per year.

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