Processing

Kazakhstan may cancel early the ban on the export of light oil products

Kazakhstan is considering the possibility of early lifting of the ban on the export of light oil products, the country’s Energy Minister Kanat Bozumbayev informs.

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Rosneft closes deal on purchase of 49% of Indian Essar Oil

Rosneft has completed the acquisition of a stake in the Indian oil company Essar Oil.

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In 2017-2025, Tatneft’s investments in TANECO refinery to be 200 bln rubles

In the coming months, Tatneft will launch the second primary oil unit at the TANECO refinery, which will allow the plant to increase the annual capacity of raw materials to 14 million tons, TANECO&

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SOCAR to finish Star refinery in Turkey for 10 mln tons of oil in 2018

In 2018, SOCAR will launch Star oil refinery in Turkey. The capacity of the refinery will be 10 million tons of oil per year.

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Atyrau refinery stops production of oil products till September 29, 2017

From August 18, 2017, Atyrau refinery will begin planned overhaul with a complete stoppage of the production. This was announced on August 17, 2017.

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In the first 7 months of 2017, Russia grew oil production by 1.4%, gas – by 13.4%

In January-July 2017, the volume of oil and gas condensate production in Russia increased by 1.4% compared to the first 7 months of 2016 and amounted to 319 million tons.

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Putin proposes to supply oil to Belarus in exchange of Russian Railways loading

Russia can change the terms of oil supply to Belarus, obliging it to export part of the oil products through Russian ports.

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In H1, Lukoil reduced oil production by 6.8% to 43.6 mln tons

In the first six months of 2017, Lukoil increased its hydrocarbon production by 1.5% to 2.217 million barrels of oil equivalent per day, oil production fell by 6.8% compared to the same period last

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In H1, Surgutneftegaz reduced production by 1.6% to 30.1 mln tons

In January-June of 2017, production of Surgutneftegaz decreased by 1.6% to 30.1 million tons, the company's report says.

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In Q2, Lukoil’s share in Russian oil processing exceeded 15%

In the second quarter, the share of Lukoil’s refineries in the Russian oil processing volume made up 15.4%, the company's quarterly report informs.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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