Oil

Ministry of Development of Far East and Arctic proposes to reduce taxes for investment projects in Arctic

The Ministry of Development of the Far East and the Arctic has submitted for public discussion the option of preferences for projects in the Arctic.

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In 2019 TANECO to deepen and increase refining.

In 2019 TANECO will deepen and increase refining and will begin to select licensors for the petrochemical stage.

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Rosneft refineries decrease processing volumes by 9% in Q1

The volume of oil refining at Rosneft refineries located in Russia amounted to 24.5 million tons, which is 0.8% lower than in the same period of 2018, the company reports.

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Rosneft begins oil production in Iraqi Kurdistan

Rosneft began pilot oil production at the Bidzhil field in the Iraqi Kurdistan, the company said.

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Rosgeologiya resumes works at Khasanovsky subsoil site in Samara region

Volgogradneftegeofizika, a subsidiary of Rosgeologiya, has resumed field seismic works at the Khasanovsky subsoil site in the Samara region. Rosgeologiya announced this on May 13, 2019.

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Ukrtransnafta resumes oil transit to Europe

Ukrtransnafta has resumed oil transit to the European Union via the Druzhba main oil pipeline, the company's press service reported on Saturday.

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Uzbekneftegaz to choose contractor for modernization of Bukhara oil refinery in 2019

Uzbekneftegaz intends to select a contractor for modernization of Bukhara oil refinery by the end of this year.

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European Commission approves creation of Severstal and Italian Tenaris' joint venture

The European Commission (EC) approved the creation by the Russian metallurgical company Severstal and the Italian Tenaris of a  joint venture for the construction of a pipe production plant in

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In Q1 gasoline exports from Russia down by almost a quarter

In January-March 2019 Russia reduced gasoline exports by 23.3% compared with the same period last year - to 693.3 thousand tons, it follows from the materials of the Federal Customs Service (FCS).<

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AIOC reduces oil production at ACG 3.7% in Q1

Oil production at the block of Azeri-Chirag-Guneshli fields (ACG) amounted to 52 million barrels (7 million tons) in the first quarter of 2019, the Azerbaijan International Operating Company (AIOC)

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