Oil and Gas

JV of Gazprom and Wintershall increased gas extraction by 30% in 2016

Achimgas –a JV of Gazprom and Wintershall – in 2016 increased gas extraction by 30% to 6 bln cubic m, Wintershall reports.

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The Ministry of Natural Resources of the Russian Federation identifies 39 oil and gas sites, which are offered to subsoil users for study in 2017.

The Ministry of Natural Resources of the Russian Federation approved the list of subsoil plots offered for use in geological studies at the expense of subsoil users.

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Wintershall is confident that Poland is not able to scuttle Nord Stream 2.

Poland will not be able to disrupt the project "Nord Stream 2". This was reported by Wintershall board member Tilo Wieland.

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DEVELOPMENT OF THE PETROCHEMICAL COMPLEX IN THE PRIMORYE TO ALLOW POLYMER EXPORT INTO THE APR COUNTRIES.

The Eastern Petrochemical Complex (VNKhK) will be able to produce more than 100 thousand tons of motor fuel per month.

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Kazakhstan is ready to discuss transit of Russian oil to Uzbekistan

Kazakhstan's National Oil and Gas Company KazMunayGas (KMG) is ready to consider the possibility of the transit of Russian oil to Uzbekistan, the country’s Energy Minister Kanat Bozumabay

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Gazprom is encouraged replacing Turkish Stream with South one

It seemed just yesterday that Gazprom had finally abandoned the South Stream project and would agree with Ankara on the Turkish Stream from day to day.

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Within first two months the chemical production index in Russia grows by 8.5%.

In February the Russian enterprises of the chemical industry maintained a positive dynamics of growth of manufacture of basic chemicals.

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TAIF develops programs to increase industrial safety for Kazanorgsintez and Nizhnekamskneftekhim.

The TAIF group had formed programs to increase the industrial safety of its enterprises, including Kazanorgsintez and Nizhnekamskneftekhim, the Deputy General Director of TAIF Ruslan Gizatullin sta

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Wintershall makes loses on exchange rate

The strategic decision of Wintershall - now the key partner of Gazprom in Europe - to exchange assets with the Russian monopoly has led to the drop in the financial performances of the German energ

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Transneft’s revenue from oil pumping to China in 2016 fell by 10.5% to 126.67 bln roubles

Transneft’s revenue from oil pumping to China in 2016 fell by 10.54% to 126.67 bln roubles, is said in the company’s report under IAS.

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