Oil

Head of SOCAR: Total investments in oil and gas sector of Azerbaijan under PSA contracts exceed $80 bln

Total investments in the oil and gas sector of Azerbaijan under production sharing agreements (PSA) with foreign companies amounted to $80.3 billion, president of SOCAR Rovnag Abdullayev reports.

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Russian Ministry of Economic Development predicts growth in gas production in Russia by 2.5% to 708.7 bln cubic meters

The Ministry of Economic Development has predicted an increase in gas production in Russia in 2018 by 2.5% compared to the previous year to 708.7 billion cubic meters, it is stated in the materials

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Oil and gas revenues of Russian budget may decrease by almost 5% in 2019 to 8.3 trln rubles

In 2019, amount of oil and gas revenues to the Federal budget of the Russian Federation is planned at the level of 8.298 trillion rubles, which is by 4.7% less than the expected figure of the curre

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Lukoil reduces pace of fall in oil production in Western Siberia

Lukoil already reduced the rate of decline in oil production in Western Siberia to less than 3% this year. "We have already reached this parameter in Western Siberia.

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The head of Gazpromneft allows the growth of hydrocarbon production up to 200 million tons.

Gazpromneft planned to increase hydrocarbon production faster than other players in the market, the company's CEO Aleksandr Dyukov stated at the Tyumen Oil and Gas Forum.

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Rosneft starts producton of Euro-6 petrol at Saratov refinery

The Saratov Refinery (part of Rosneft) started production of Euro 6 petrol. The new fuel has reduced content of sulfur and aromatic hydrocarbons, the company's press service reported.

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NaftaGas drills 1.5 million meters

The Russian oilfield services company NaftaGas reports that its drilling unit has drilled 1.5 million meters since the beginning of operations.

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Oil production at South-Izmailovskoye field to grow to 43 thousand tons per year

Saratov branch of the Directorate-General for State Environmental Review of the Russian Federation has considered and approved a project of development of production wells at the South-Izmailovskoy

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Kazanorgsintez doubles production of cast polycarbonate grades in 2018

Kazanorgsintez (KOS, part of TAIF GROUP) increased production of polycarbonates (PC) by 17% in January-July of this year.

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Russia and the Czech Republic discuss implementation of Nord Stream-2 project

Representatives of Russia and the Czech Republic has discussed the implementation of the Nord Stream-2 project. This was reported on the website of the Russian Energy Ministry.

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