Oil

In January-May, Ukraine imported oil from Azerbaijan almost for $200 mln

In January-May 2018, the Ukraine imported oil from Azerbaijan to the amount of $194.853 million.

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Transneft, Novatek and NLMK asks to transfer functions of tariff regulation from FAS to Ministry of Economic Development

Transneft, Novatek and NLMK have proposed to transfer powers of tariff regulation from the Federal Antimonopoly service (FAS) to the Ministry of Economic Development.

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Sakhalin Energy and Yamal LNG exported $1.5 bilion worth of LNG in January-April

In January-April 2018 Sakhalin Energy, the operator of the Sakhalin-2 project, and Yamal LNG, received revenues from the export of liquefied natural gas (LNG) of $ 1.476 billion, which is twice as

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Neftegazholding and Novatek were leaders of oil production reduction within OPEC+ deal in May

Neftegazholding (previously - Independent Oil and Gas Company, NNK) of Eduard Khudainatov and Novatek most reduced the volume of oil production in May 2018 compared to the level of October 2016 in

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In January-May Tatneft reduces oil production by 0.85% to 11.768 million tons.

In January-May 2018 Tatneft reduced oil production by 0.85% compared to the same period last year, to 11.768 million tons, the press service of the company reports.

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LUKOIL intends to launch the production of lubricants in Astana in 2019.

LUKOIL planned to put into operation the production of lubricants in Astana (Kazakhstan) in 2019, the head of the OC Vagit Alekperov stated at a plenary meeting of the Council of Foreign Investors

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Russian Government is ready to introduce negative excise on oil to support refineries

The Government has planned to introduce a negative oil excise to support refineries as part of the completion of the "tax maneuver" in the oil industry.

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In January-April, Russia’s income from export of oil grew by 29.6%, gas – by 32.2%

In January-April 2018, Russia's revenues from oil exports increased by 29.6% compared to the corresponding period in 2017 to $39.561 billion.

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Oil maneuver gains momentum

As predicted by the Kommersant, at the meeting with Deputy Prime Minister Dmitry Kozak, it was decided to complete the tax maneuver in the oil industry in 2019-2024: as a result export duties on oi

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Rosgeology receives new contracts for engineering and technological support of drilling wells

Samaraneftegeofizika (SNGEO), a subsidiary of Rosgeology, has signed new contracts for engineering and technological support for directional well drilling.

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