Oil

EuroChem and Russian Railways conclude agreement on long-term cooperation

EuroChem JSC and Russian Railways JSC have concluded an agreement on long-term cooperation in the transportation of mineral fertilizers and chemical products, the press service of the company repor

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Trutnev urges to check efficiency of offshore projects in Arctic

The Russian Deputy Prime Minister Yury Trutnev urged the checking of the efficiency of projects for the development of deposits on the Russian shelf in the Arctic.

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Russia prepares proposals on geological exploration of minerals in Syria

Zarubezhgeologiya prepares for Syria proposals for the development of cooperation in geological and seismic exploration of hydrocarbons.

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Krymsk – Krasnodar transporting oil pipeline to be reconstructed.

The Rostov-on-Don branch of Glavgosexpertiza of Russia has studied and approved the project for reconstruction of Krymsk – Krasnodar transporting oil pipeline, Glavgosexpertiza reported on Oc

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The Ministry of Energy does not exclude transition of the entire Russian oil industry to excess profits tax

But so far only expansion of the excess profits tax practice is considered.

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OMV to develop Urengoy field together with Gazprom

Gazprom and Austrian energy company OMV have signed an agreement on sale of assets.

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Russia and Kazakhstan sign a protocol on lifting embargo on petrol exports

Kazakhstan and Russia signed a protocol on amending the agreement concerning the lifting of the embargo on the supply of the Kazakh gasoline to the CIS countries, Interfax reported.

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OPEC+ brought Russia more than 5 trillion rubles

The head of the Russian Direct Investment Fund, Kirill Dmitriev, estimated Russia's revenues from participation in the OPEC+ agreement at more than 5 trillion rubles.

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Lukoil decides not to sell oil trader Litasco for a while – because of sanctions

The Head of Lukoil Vagit Alekperov in an interview with the newspaper Vedomosti has said that the company at the moment has refused to sell its oil trading structure Litasco.

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Surgutneftegaz expects oil production at the level of 2017

In 2018, oil production of Surgutneftegaz is expected to be around the level of 2017. This was announced by general director of the company Vladimir Bogdanov.

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