Oil

Chinese CITIC denies negotiations with Rosneft on oil supplies

The leadership of Chinese CITIC Resources hasn’t had any negotiations regarding supply of 100 million tons of crude oil by Russian Rosneft.

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In January-October, revenue of State Oil Fund of Azerbaijan from sale of Azerbaijani profit oil from Azeri-Chirag-Gunashli and gas condensate from Shah-Deniz was about $8.3 bln

In January-October 2018, revenues to the State Oil Fund of Azerbaijan (SOFAR) from the sale of profit oil from the Azeri-Chirag-Gunashli block and gas condensate from the Shah-Deniz field amounted

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First international oil and gas auction in Ukraine to be announced in early 2019

The first international auction for sale of special permits for hydrocarbon production will be announced in the Ukraine no later than in January 2019.

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Russia and Saudi Arabia discuss reduction of oil production

Russia and Saudi Arabia began bilateral consultations on a possible transition to a reduction in oil production in 2019.

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Lukoil receives right to look for oil at Terpeevsky license site for 5 years

Lukoil-Western Siberia (100% subsidiary of Lukoil) has obtained the right for subsoil use of the Terpeevsky license site.

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Kazakhstan ratifies agreement with Russia on process oil.

The Deputies of the Senate (the upper chamber) of the Parliament of Kazakhstan approved the ratification of the agreement with the Russian Federation on determining the status of technological oil

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Alexander Novak and oil companies to discuss OPEC+ deal at their meeting

The Russian Energy Minister Alexander Novak will meet with representatives of Russian oil companies on November 8. The parties will discuss the OPEC+ deal.

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Gazprom Neft provides 10 billion ruble loan to Omsk Refinery

PJSC Gazprom Neft provided its subsidiary enterprise JSC Gazpromneft-ONPZ with a loan in the amount of 9.64 billion rubles to fund general corporate projects.

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Rosnedra develops an accelerated assessment of oil reserves in Russian Federation for stock taking

The Russian Federal Agency on Subsoil Use (Rosnedra) has developed a module for the accelerated assessment of oil reserves in the Russian Federation.

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Representatives of independent gas stations complain about the lack of diesel fuel

Experts recorded a sharp rise in pricing policy associated with the wholesale purchases of diesel fuel from large oil refineries.

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