Oil

Russian oil refineries increase primary refining of oil by 2% in January-May.

In January-May 2018 domestic refineries increased primary refining by 1.8%.

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Tatarstan’s oil workers to test experimental reagent to double invasion of hard-to-recover oil

In Tatarstan, the current problems of cost-effective involvement in turnover of hard-to-recover oil reserves, as well as increase in production and final oil recovery rate can be solved.

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By mid-2021 SOCAR plans to fully commission BNPZ after reconstruction and modernization

SOCAR (the State Oil Company of Azerbaijan) is planning to fully complete the works on reconstruction and modernization at the Baku Oil Refinery named after G.Aliyev (BNPZ), SOCAR reported.

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In April Japan increased oil imports from Russia by 14%, to 800.911 thousand kiloliters

In April Japan increased oil imports from Russia by 14%, to 800.911 thousand kiloliters compared to 703.918 thousand kiloliters in March.

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In January-May, SOCAR transported about 480 thousand tons of oil via Baku-Novorossiysk pipeline

In January-May 2018, SOCAR exported 478.9 thousand tons of oil through the Baku-Novorossiysk oil pipeline.

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Russia doesn’t fully comply with OPEC+ deal’s quota for the third month in a row

In May, Russia again failed to meet quota of production cuts, agreed by OPEC+ transaction.

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About 1,000 wells drilled in Azerbaijan in 2007-2017 - SOCAR

In 2007-2017, SOCAR (State Oil Company of Azerbaijan) performed drilling operations in the volume of 1.6 million meters, Interfax-Azerbaijan was told in the company.

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In May oil production in Russia decreased by 281 thousand barrels per day compared to October 2016

In May 2018 the average daily production of oil and condensate in the Russian Federation grew by 0.1% year-on-year, up to 10.966 million barrels a day.

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SOCAR work progress at the Ethylene-Polyethylene plant is 36%, launch - in 2020

The State Oil Company of Azerbaijan (SOCAR) completed works at the Ethylene-Polyethylene plant on the basis of Azerkhimiya by 36%. Launch is planned for the first quarter of 2020.

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