Oil

Iranian OPEC representative criticizes Russia and Saudi Arabia

The Iranian representative to OPEC Hosein Kazempur Ardebili sharply criticized Russia and Saudi Arabia for the decision to increase oil production within the framework of the OPEC+ agreement.

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Georgia actively looks for new oil deposits

Head of the Georgian Oil and Gas Corporation Georgy Tatishvili has made a statement that new deposits of crude oil will be discovered in the country in the foreseeable future.

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On the verge of collapse? The rise in gas prices could trigger a default in Ukraine

A default is possible in Ukraine because of the increase in the price of gas. This was announced on August 4, 2018 by the deputy from the opposition bloc, Yu. Pavlenko.

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In Q2, Russian refineries of Rosneft increased processing volumes by 1.9%

Rosneft increased processing at its Russian refineries by 1.9% in the second quarter of 2018. The total volume of the processing grew by 1.4%, as it follows from the company's report.

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In 2019, construction of new petrochemical complex of SOCAR to start in Turkey

Construction of SOCAR’s petrochemical complex in Turkey is scheduled for June 2019. This was reported by SOCAR Turkey Enerji.

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In the first 7 months of 2018, Tatneft produced almost 16.6 mln tons of oil

In July 2018, Group of Companies, which is part of Tatneft, produced 2 511 thousand tons of oil, and in the period from January to July this year, the production amounted to 16 597 thousand tons, t

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Auctions for the right to use subsoil in the Black and Azov Seas are introduced in Russia

Subsoil plots in the Black and Azov Seas will be provided following the results of the auctions. The corresponding law was signed by Russian President Vladimir Putin.

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Media: US sanctions will gradually force Russian energy companies out of the market

US sanctions imposed against Russia, over time, will force out the Russian companies from energy market, the journalist of the Swiss edition Neue Zürcher Zeitung, Christian Steiner, is sure.

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Russian Fuel and Energy Complex is dependent from imported technologies

Investment programs of the Russian Fuel and Energy Complex’s companies should be revised in terms of import substitution.

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In 2018 LUKOIL to supply Uralkali with more than 20 thousand tons of oils and lubricants

LUKOIL won a new tender for the supply of lubricants for Uralkali's enterprises. LLK-International, a subsidiary of LUKOIL, reported this on August 3, 2018.

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