Oil

Rosgeologiya hopes for 3-4 oil and gas projects on Arctic shelf in 2019

Rosgeologiya expects to receive up to four oil and gas facilities on the Arctic shelf for geological exploration next year.

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In November, Azerbaijan increased oil production to 801 thousand barrels of oil equivalent; it comply with its obligations within OPEC+

In November 2018, daily volume of oil production in Azerbaijan amounted to 801 thousand barrels against 783 thousand barrels per day in October, this was reported by the Energy Ministry of the coun

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Antipinsky oil refinery completely stopped oil processing from December 5

Antipinsky oil refinery (part of the group of companies New Stream) has completely stopped processing of oil due to cessation of raw materials supply to the enterprise, the Reuters reported cited i

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Russia to invest 5.5 trln rubles in Arctic projects in the next 5 years

The Russian Arctic zone has the potential to increase oil production by 30-40 million tons and gas production by 150 billion cubic meters.

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Kazakhstan increases export by 28.2% due to supply of oil and petroleum gas

Kazakhstan's export has increased by 28.2%. This was mainly caused by the increase in oil supplies, which grew by 45.4% and petroleum gases - by 30.2%.

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Gazpromneft receives license for Leskinsky subsoil site on Gydan

Gazpromneft has actually received the right to geological study, exploration and production of hydrocarbons at the Leskinsky subsoil site on the Gydan peninsula.

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From 2017, OPEC+ deal brought Russia 6 trln rubles

Head of the Russian Direct Investment Fund Kirill Dmitriev stated on Monday that the OPEC+ agreement (the agreement on the reduction of oil production, signed by OPEC countries and 11 independent p

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Is official creation of OPEC+ alliance postponed?

OPEC + alliance is likely to be formalized next year, but when exactly is unknown.

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Russia to reduce oil production by 228 thousand barrels per day from level of October 2018

Russia will reduce daily oil production by 228 thousand barrels from the level of October 2018 under the OPEC+ agreement. This was stated by the Russian Energy Minister Alexander Novak.

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On December 11, Belarus and Russia to hold negotiations on tax maneuver

Belarus counts on positive results of negotiations on compensation because of implementation of tax maneuver in Russia. This was stated by Deputy Prime Minister of Belarus Igor Lyashenko.

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