Oil and Gas

Russia to offer OPEC+ to increase production by 1.8 mln barrels

Russia will offer OPEC+ to return oil production to the level of October 2016, which was recognized as the controlling month of the transaction.

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2.4 million tons of oil shipped through Kozmino port since beginning of 2018

In total, since the beginning of the port's work, the volume of oil shipped for export amounted to 200 million tons.

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OPEC raises forecast for oil production in Russia in 2018

OPEC raised its forecast for oil and condensate production in Russia this year by 0.03 million barrels per day to 11.07 million barrels per day.

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In Q1 2018, Gazpromneft increased export of naphtha by 32%

In the first quarter of 2018, according to the company's reports, Gazpromneft increased its exports of naphtha by 32%.

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Gazprom and Wintershall completes drilling of the 2nd well at the Winchelsea project in the North Sea

Gazprom and German oil and gas company Wintershall have completed drilling of the second exploration well as part of the joint Winchelsea project in the North Sea, the corporate magazine of Gazprom

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Ministry of Finance: "Tax maneuver will not raise prices"

For this purpose, special measures will be taken.

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Rostech and Gazprom Neft to introduce digital management systems for deposits

Gazprom Neft and the company Management Systems (part of Rostech) will work on the development and implementation of digital technologies for the implementation of major projects.

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Kriogaz to build the 2nd LNG plant in Pskov region

Kriogaz, a subsidiary of Gazprombank, has intended to build a plant for production of liquefied gas (LNG) in Pskov.

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Chinese companies to take part in construction of refinery in Kazakhstan

Chinese companies will participate in construction of the fourth oil refinery in Kazakhstan, mass media report, citing President Nursultan Nazarbayev.

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In 2017, daily volume of oil production in Azerbaijan was 795 thousand barrels

According to the BP’s statistical review of world energy-2018, in 2017, daily oil production in Azerbaijan amounted to 795 thousand barrels, which is by 5.1% less than in 2016.

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