Oil

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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Gazprom Neft to place bonds for 5 billion rubles on December 25

Gazprom Neft plans to place 25 December 2017 exchange bonds series 001P-05R totaling 5 billion rubles with a circulation period of seven years, it follows from the materials of the company.

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Siemens goes from Taman to Tatarstan - the company resumed supply of gas turbines to Russia

Siemens for is to build in Tatarstan a cogeneration plant for Nizhnekamskneftekhim (NKNK) of the TAIF group €380 million and is to supply the project with two gas turbines of the same model, a

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Chinese ZPEC may buy a stake on Chonsky project of Gazpromneft

The oil service Chinese company ZPEC may acquire a stake in the Chonsky oil-producing project of Gazpromneft in Eastern Siberia, the Reuters reports citing two sources in the Russian company.

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Rosneft tries to find profit in Cuba

During his trip to Latin America the head of Rosneft, Igor Sechin, met with the Chairman of the State Council and the Council of Ministers of Cuba Raul Castro.

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Rosneft’s Board of Director adopts program of Samotlor development

The Rosneft’s Board of Directors has approved key parameters of the development program for the Samotlor field. The total oil production at Samotlor exceeds 2.7 billion tons.

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Transneft-Siberia launches domestic pumping units.

Within the framework of the development program, Transneft-Siberia performs work on putting into operation pumping equipment with improved quality and energy efficiency indicators.

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Rosneft starts drilling on shelf of the Black Sea

Rosneft has begun drilling on the West-Chernomorskaya license area in the Black Sea waters. This was stated by head of the company Igor Sechin.

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Rosneft is guided by old goals in its new strategy

The main innovation in the strategy of Rosneft until 2022, adopted by the company’s Board of Directors on Monday, has become the company's plans to separate certain relevant units within

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