Oil

In 2017, Irkutsk Oil Company increased oil and gas condensate production by 9% to 8.5 mln tons

In 2017, Irkutsk Oil Company increased production of liquid hydrocarbons (oil and gas condensate) by 9% compared to 2016 to 8.5 million tons. The company reported this on January 10, 2018.

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Payment for burning associated gas at offshore fields in the Arctic in 2020-2030 reduced 4-fold

The Government of the Russian Federation approved additional coefficients to the rates of charges for pollution of the atmosphere by substances that are generated by flaring or dispersing associate

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In 2017, export of Russian oil to Uzbekistan was 68.2 thousand tons

In 2017, export of Russian oil to Uzbekistan made up 68.2 thousand tons, the Central Dispatch Department of the Fuel and Energy Sector reports.

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In 2017 Kazakhstan produced a record 86.2 million tons of oil, the same forecast for the current year - the Ministry of Economy of Kazakhstan

The output of oil in Kazakhstan by the end of 2018 will not be less than 86.2 million tons of oil, the Minister of National Economy Timur Suleimenov said.

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In 2018 the Ministry of Finance predicts replenishment of the NWF while maintaining oil prices.

The replenishment of the National Welfare Fund (NWF) in 2018 was possible while maintaining oil prices and exchange rate ratios at the current level, the Minister of Finance of the Russian Federati

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In 2017 Saratovneftegaz increased production of hydrocarbons thanks to hydraulic fracturing

Saratovneftegaz, a subsidiary of RussNeft, conducted a series of hydraulic fracturing operations on several oil wells in mature fields.

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Orenburgneft begins seismic exploration of five new licensed areas

Orenburgneft, a subsidiary of Rosneft, has begun seismic exploration using the CDPM 3D method at the Ekaterinovsky, Chernoyarovsky, Yurtaevsky, Kinelsky and Aldarkinskoye licensed areas acquired in

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In 2017 Russia reduced oil exports to Belarus by 0.7% to 18 million tons

In 2017 Russia reduced oil exports to Belarus  compared to 2016 by 0.7% - to 17.998 million tons, it follows from the materials of the Central Dispatch Office of the fuel and energy complex.

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Kemerovo region to extend tax incentives for construction of Yaisky oil refinery

According to the data presented at the end of 2017, this year the benefit for the tax on the plant property will amount to 191 million rubles in 2018.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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