Oil

Kazakhstan plans to increase oil production to over 100 mln tons per year

The Energy Minister of Kazakhstan K. Bozumbayev has said that the Government expects to increase oil production to 2025 to the level of more than 100 million tons per year.

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Gazprom Neft expands its competencies to manage ice conditions on the Arctic shelf

Gazprom Neft began testing methods of impact on ice formations in the vicinity of the Prirazlomnaya platform. This was reported by the press service of the company.

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The capacity of the first stage of the fourth oil refinery in Kazakhstan will be 3 million tons

The capacity of the first stage of the fourth oil refinery in Kazakhstan will be 3 million tons, the media reported with reference to the Kazakh Energy Minister Kanat Bozumbaev.

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Horizontal well drilled at East Messoyakha we drilled in record breaking 8.5 days

A new record in drilling was set at the East Messoyakhskoye field. Horizontal well No. 633 with a total penetration of 2,256 meters was built in 8.46 days.

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Lukoil to stop drilling on Taimyr, but retain interest in Khatanga

Lukoil will not continue drilling at the East-Taimyrsky subsoil site because of its hopelessness. This was reported by head of the company V. Alekperov on June 19, 2018.

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Russian Ministry of Finance to return to regions half-year loss from its struggle with fuel prices

Ministry of Finance will reallocate fuel excises between the federal and regional budgets to prevent problems in the regions because of the Government's forced reduction of excise rates to stop

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In January-May, oil transportation via Baku-Tbilisi-Ceyhan pipeline grew slightly

In January-May 2018, volume of oil transportation through the Baku-Tbilisi-Ceyhan oil pipeline amounted to 13 743.9 thousand tons, which is by 0.4% more than in the same period in 2017, the State S

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Ukraine and Azerbaijan discuss supply of oil to Ukrainian and European refineries

Ukraine and Azerbaijan discussed the supply of oil from Azerbaijan to the Ukrainian and European refineries.

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On July 3 State Duma to consider draft law on excess profits tax in second reading

The draft law on the introduction of tax on additional income from hydrocarbon production is scheduled for consideration by the State Duma in the second reading for July 3.

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Vice President of Lukoil buys company's shares for 105 million rubles

Lukoil's vice president - the main legal adviser, a member of the board of Lukoil Ivan Maslyaev bought the company's shares for 104.973 million rubles, Lukoil reported.

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