Oil

Rosstat: within 10 months oil exports from Russia increase by 0.5%.

In January-October 2017 the volume of oil exports from Russia grew by 0.5% and amounted to 213.7 million tons compared to the same period in 2016.

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Cost of oil supply to Kazakhstan to grow less than expected

The Government has chosen its own way in the matter of raising tariff for pumping through the Transneft system in 2018.

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Upgrade of Belarusian refineries to give up to $60 of additional profit per ton of oil

The modernization of the Belarusian oil refineries will provide $50-60 of additional profit per ton of oil.

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Gazprom Neft to pay 47.41 billion rubles of dividends

At the extraordinary meeting of shareholders of Gazprom Neft, the participants approved the payment of interim dividends recommended by the Board of Directors for 9 months of 2017 at a rate of 10 r

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Foreign vessels banned to transport oil and gas via Northern Sea Route

Vessels under the Russian flag will receive an exclusive right to transport hydrocarbons in the water area of ​​the Northern Sea Route.

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In January-November, SOCAR reduced gas production by 3%

In January-November 2017, SOCAR produced 5 537.7 million cubic meters of gas, which is by 3.3% less than in the same period last year, SOCAR reports.

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SOCAR and Statoil agree on commercial principles of contracts for the development of a number of promising structures in the Caspian and the Karabakh deposit

The State Oil Company of Azerbaijan (SOCAR), and Norway's Statoil have agreed to cooperate in the exploration, development and distribution of production from a number of promising areas in the

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In 2017, Belarus re-exports 6 mln tons of Russian oil

Belarus has taken advantage of its right to re-export 6 million tons of Russian oil from 24 million tons provided for this year.

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Spanish Tecnicas Reunidas becomes EPC contractor for reconstruction of Baku refinery facilities

The Spanish Tecnicas Reunidas became a contractor of SOCAR, within the framework of the reconstruction of the Baku Refinery named after G.Aliyev (BNPZ), SOCAR said in a statement.

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Russian Union of Industrialists and Entrepreneurs warns about possible stoppage of oil wells in Russia because of new ecological requirements

The work of oil wells in Russia may stop from January 1, 2018, and oil production will decline because of new environmental requirements.

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