Oil and Gas

Usishinsky hydrocarbon site in the Astrakhan region put up for auction

The Subsoil Use Department for the Southern Federal District has put up the Ushishinsky subsoil site in the Astrakhan region for auction. This was announced on August 15, 2017.

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In Q2, Uralkali increased output of potassium chloride by 19%

In the second quarter of 2017, Uralkali increased the production of commercial potassium chloride by 19.3% to 2.969 million tons. This is stated in the company's quarterly report.

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SOCAR launches new well on Oil Rocks with rate of 14 tons a day

SOCAR has put in operation a new well in the Oil Rocks field in the Caspian Sea. Thi was reported on August 15, 2017 by the press service of the company.

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Lukoil allocates about $1 bln to increase its share on fuel market of Turkey

Lukoil has allocated about $1 billion of investments to increase its share on the Turkish fuel market, but in the next 3-4 years it doesn’t plan to expand its activities in this country.

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Gazprom Neft develops its plan for development of Shangule field in Iran

Gazprom Neft evaluated and submitted its plan for the development of the Shangule oil field to the National Iranian Oil Company (NIOC), the Iranian news agency IRNA reports.

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In 2016, SOCAR Trading SA’s revenues grew by 14%

In 2016, the revenues of SOCAR Trading SA (SOCAR’s subsidiary) amounted to $25.9 million, which is by 14.1% more than in 2015, the company said in its report for 2016.

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In January-July, almost 17 mln cubic meters of gas produced in Chukotka

In the first seven months of 2017, in the Chukotka autonomous district 16.9 million cubic meters of gas were produced tat is by 10% more than in January-July in 2016.

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Transneft suspends the shipment of oil in Novorossiysk due to thunderstorm

Transneft has suspended the shipment of oil for export in the port of Novorossiysk because of a thunderstorm, a company representative infromed.

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Bashneft is among ten the largest taxpayers of Russia

The oil company Bashneft has dropped to one line - from the 8th to the 9th place in the ranking of the largest taxpayers of the country in 2016, which was compiled by the RBC.

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In Q2, Lukoil’s share in Russian oil processing exceeded 15%

In the second quarter, the share of Lukoil’s refineries in the Russian oil processing volume made up 15.4%, the company's quarterly report informs.

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