Oil

By 2021, Uzbekneftegas to increase reserves of hydrocarbons 1.5 times

In 2013-2020, the National holding company Uzbekneftegas will increase hydrocarbon reserves 1.5 times to 4.8 billion tons of oil equivalent, Gaybulla Abdullaev, the Director of Institute of Geology and Exploration of Oil and Gas Fields reported at the international exhibition OilGazUzbekistan 2013 in Tashkent.

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Rosneft still plans to extract 206 million tons of oil in 2013

The head of Rosneft I. Sechin confirms the plans of the company to extract 206 million tons of oil in 2013. In March, after closure of the transaction on the purchase of BP-TNK  by Rosneft, Mr. Sechin declared that in 2013 production of the united company would be 206 million tons of oil and 47 billion cubic m of gas. Later he announced about even large plans for production of 210-215 million tons of oil and 50 billion cubic m of gas.

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Rosneft’s projects can cost 320 billion rubles for Transneft

Rosneft suggests realization of different pipeline projects for a total sum of 320 billion rubles; if the company refuses to finance them, this price will have to be included to common tariff for transporting via Transneft system, the Presidential Adviser of Transneft I. Dyomin says.

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In Q1, export of oil and gas condensate from Kazakhstan decreased by 1.2% to 16.5 million tons

In January-March of 2013, Kazakhstan exported 16.5 million tons of oil and gas condensate that is by 1.2% less than in the same period of 2012, the republic’s Statistics Agency reported.
According to the Agency, the export of oil and gas condensate made up $13.655 billion in money terms that is by 0.6% less than in the same period of 2012, the RIA Novosti reports.

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Azerbaijan awaits the decision about South Gas Corridor in the near future

Azerbaijan awaits the decision about South Gas Corridor in the near future. It will be a joint decision of Shakhdeniz Group, the President of Azerbaijan, I. Aliyev says at the joint press-conference with the President of Austria, H. Fischer. Mr. Aliyev hopes that this decision will be admitted from the point of view of commercial safety only. In his opinion, they’ve made a lot in realization of South Gas Corridor. He means in particular the agreement about TANAP achieved between Turkey and Azerbaijan. It will simplify execution of the project.

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In January – April, oil and oil products transporting by Russian Railways decreased by 2.7%

In January – April, oil and oil products transporting by the Russian Railways decreased by 2.7% to 94.74 million tons, the Russian Railways report. In April, transporting was 22.024 million tons. Exports were 9.5 million tons, including 923,100 tons to the CIS and 8.59 million tons to the third states.
Translated by Nadezhda Poltoratskaya        
Source:  http://www.oilcapital.ru/transport/207332.html

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In April, Surgutneftegaz increased oil production by 0.2% to 5.043 million tons

In April of 2013,the Russian oil company Surgutneftegaz increased the oil production by 0.2% as compared to the same period of 2012 to 5.043 million tons, the company reports.

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In Q1, Verkhnechonskneftegaz declined net profit by RAS by 5.8% to 13.9 billion rubles

In Q1, Verkhnechonskneftegaz net profit by RAS reduced by 5.8% to 13.919 billion rubles, gross profit by 5.4% to 16.956 billion rubles, pretax profit by 5.7% to 16.219 billion rubles, and increased revenue by 1.5% to 20.149 billion rubles, sales prime cost by 65.4% to 3.193 billion rubles. Oil production within the period was 1.858 million tons.

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From June 1, export duty on oil may decrease by 5%

From June 1, the export duty on crude oil may decrease by $19 per 1 tons (by 5%) from $378.4 per 1 ton in May of 2013 to $359.4 per ton, the preliminary formula calculations, established by law on customs tariff regulations, show, the leading expert of the Russian Ministry of Finance, Alexander Sakovich reported.
According to the monitoring of the Russian Ministry of Finance, from April 1 until May 14, 2013, the average price of the oil of the Urals grade made up $100.39/barrel ($732.8 per ton). Thus, the marginal rate of the export duty on crude oil may be $359.4/ton.

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In Q1, net loss of Kazmunai Gas E&P was $4 million versus net profit a year before

In Q1, the net loss of Kazmunai Gas E&P was 660 million tenges ($4 million) versus net profit of 75.218 million tenges a year before. The company explains gaining of the loss by additional reserves for devaluation and a decline in income from associated companies and joint ventures and higher production expenses. The enterprise declined revenue by 2% to $1.342 billion, due to decline in oil price. Oil production within the period was 3.002 million tons, i.e. 247,000 barrels a day, by 1% less than in Q1 2012, taking into account the share in Kazgermunai LLC, CCEL and PetroKazakhstan Inc.

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