Oil

Execution of the license for the Trebs deposit is delayed due to juridical reasons

Execution of the license for the Trebs deposit is delayed due to juridical reasons, the Vice Premier A. Dvorkovich says.
On February 11, the governmental commission for fuel and energy sector decided to analyze supplementary materials, and to hold absent voting about introduction of amendments to the license granted to Bashneft before, in order to grant an opportunity to develop the deposit to the joint venture of Bashneft and Lukoil, despite lack in uts own oil refining capacities.

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As of March the 18th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 431.5 thousand tons

As of March the 18th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 431.5 thousand tons, the Central Dispatch Department of the Fuel and Energy Sector reports.

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Companies can lose the right for deposits development in Irkutsk region

Surgutneftegaz  can reject the license for a hydrocarbon site in the Irkutsk region. The company has decided that under the results of geological exploration in 2012.

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Several oil companies can lose their licenses for deposits in the Irkutsk Region

Surgutneftegaz can voluntarily withdraw from the license for a hydrocarbon sector in the Irkutsk Region. The company made the decision after the geological exploration in 2012. Several small companies can involuntarily lose their licenses for the prospective subsoil sectors due to nonfulfillment of the license agreement.

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Azerbaijan reduces oil extraction by 4%, gas extraction – by 3.3% in January-February

In January-February oil extraction in Azerbaijan made up 7.2 million tons, ware gas – 2.9 billion cubic metres – by 4% and 3.3% less than in January-February 2012, Federal State Statistics Service reports.

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In January-February, Ukrnafta decreased oil production by 10%

In January-February of 2013, Ukrnafta decreased the oil production by 10.1% as compared to the same period of 2012 to 295.56 thousand tons, the Interfax-Ukraina reports, referring to a source in the Ministry of Energy and Coal Industry.

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In January-February, oil production in Russia decreased by 0.7% to 84 million tons

In January-February of 2013, the oil production in Russia decreased by 0.7% as compared to the same period of 2012 to 84 million tons, the Statistics Committee reports.

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In Q2, Transneft to start construction of the second stage of the Zapolyarie-Purpe

In the 2nd quarter, Transneft plans to start the construction of the second stage of the Zapolyarie-Purpe oil pipeline, the company’s Vice President Alexei Sapsai reported in interview to the corporate magazine.

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By 2025, Gazprom Neft is going to share 18% of the Russian lubricant market

Gazprom Neft Lubricants, specializing in production and sales of oils, lubricants and technical liquids has actualized long-term strategy of development, setting the targets up to 2025. By 2025, Gazprom Neft Lubricants is going to increase total volume of oil production by 40% to 633,000 tons, compared to 2012, including 330,000 tons of high-quality packaged oils, meant for realization at the Russian and international markets. As a result, Gazprom Neft Lubricants is going to share 18% of the Russian lubricant market.

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Novak: In 2013, oil production in Russia must maintain at level of 2012 at least, in the amount of 518 million tons

In 2013, the oil production in Russia must maintain at the level of 2012 at least, in the amount of 518 million tons, the Head of the Russian Ministry of Finance Alexander Novak reported to journalists. By 2030, the Ministry of Energy sets itself a task to reach the level of 540-530 million tons of oil. But this is possible only with the launch of offshore projects and development of hard to recover oil, including the Bazhenov group, the Minister said.

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