Oil

Russian refineries lost about 55 billion rubles from sale of fuel in domestic market

The loss of Russian refineries from the sale of fuel in the domestic market in January-February 2019 could reach 55 billion rubles.

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In January-February 2019, Russia increased oil production to 91.42 mln tons

In January-February 2019, volume of oil and gas condensate production in Russia reached 91.42 million tons. The indicator increased by 3.7% compared to the same period in 2018.

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Peak of oil production in Eastern Siberia to be reached by 2023

The Scientists of the Institute of Oil and Gas Geology and Geophysics of the Siberian Branch of the Russian Academy of Sciences have predicted a decrease in oil production after 2023.

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Russia may reach a decrease in oil production by 228 thousand barrels by the end of March 2019.

Russia can achieve an average daily decrease in oil production under the OPEC + agreement by 228 thousand barrels by the end of March 2019, according to the head of the Ministry of Energy Aleksandr

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In 2018 Orenburgneft saved more than 148 million rubles thanks to introduction of innovations

In 2018, JSC Orenburgneft, a subsidiary of Rosneft, saved 148.5 million rubles thanks to use of scientific developments and new technologies.

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SOCAR prepares to realize new project Mayak

Azerbaijani state-owned company SOCAR has been preparing to implement a new project Mayak at the Oil Rocks fields. This was told by representative of the company Ibrahim Akhmedov.

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Can Belarus do without Russian oil?

Belarus, by and large, will be able to do without compensation from Russia for the tax maneuver and without Russian oil.

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Ukrnafta’s shareholders to consider ways to liquidate tax debt of the company

The agenda of general meeting of Ukrnafta’s shareholders, scheduled for March 28, 2019, has included a number of proposals aimed at liquidation of the company's tax debts.

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In 2018, Azerbaijan spent about 30 mln manats on exploration of oil and gas reserves

In 2018, budget expenditures for geological exploration in Azerbaijan amounted to 35.8 million manats, which is by 10.9% more than in 2017, the Interfax-Azerbaijan agency was informed by the State

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Oil export through Russian ports grows by 2.7%

In February 2019, oil exports through Russian ports increased by 2.7% to 10 million tons. This was reported by representative of Transneft Igor Demin.

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