Production and Refining

In the first 9 months, Rosneft increased production by 0.5%

In the third quarter of 2018, Rosneft increased hydrocarbon production by 3.3% to 72.4 million tons of oil equivalent (5.83 million barrels of oil equivalent per day).

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Rosneft increased processing at Russian refineries by 2% with decline in output of light petroleum products

Rosneft’s oil refineries increased processing volumes by 1.4% in the first three quarters of this year. The Russian refineries increased capacity utilization by 1.8%, the company reports.

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Russia and China to have to save Venezuela from default.

The State Oil Company of Venezuela, PDVSA, in the period from January to September of this year, reduced its debts to Rosneft by $ 3.1 billion under the fuel supply contract, according to the prese

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Rosneft plans to produce 230 million tons of liquid hydrocarbons in 2018.

In 2018 Rosneft plans to increase the production of liquid hydrocarbons to 230 million tons, according to the company's first vice president, Eric Liron.

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Bashneft increases revenues from oil sales by 78%, petroleum products - by 34%.

Within first nine months of 2018 Bashneft increased its revenue from sales of petroleum products by 34%. The company explains the increase with the increase in world oil prices.

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Yakutia wants to supply itself with petrol and diesel

High prices for fuel in Yakutia are forcing the leadership of the republic to take extraordinary measures.

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Gazprom Pererabotka Blagoveshchensk intends to attract loan for 350 mln euro

Gazprom has planned to raise a loan of 350 million euro. The funds can be used to finance the construction of the Amur gas processing plant.

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ZapSibNeftekhim completes construction of boilers at pyrolysis unit

The mechanical readiness of high and low pressure boilers producing steam for technological and auxiliary production needs has been achieved at the ZapSibNeftokhim pyrolysis unit, the project press

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In January 2019, petrol to rise in price at most by 1.7%

In January 2019, growth of retail petrol prices should be limited to the figure of 1.7% (taking into account the increase in the VAT rate), and from February 2019 it should remain within the averag

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