Oil

Rosneft extends licenses for two oil and gas fields in the Krasnodar region

The Federal Agency on Subsoil Usage has extended Rosneft’s licenses for geological exploration and production of minerals at two hydrocarbon deposits in the Krasnodar region - Ubezhensky and

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In 2017, oil production in Russia fell by 0.1%, gas – grew by 7.9%

In 2017, oil and gas condensate production in Russia decreased by 0.1% compared to the same period of 2016 and amounted to 546.800 million tons (10.981 million barrels per day).

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