Production and Refining

Tatneft promises growth in production by a third by 2030

Tatneft, owner of the oldest oil fields in Russia, has planned to increase oil production by a third by 2030 to 38 million tons due to the development of existing assets and high-viscosity oil.

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Rosneft and Gazprom offered to build oil refinery on Sakhalin

The government of the Sakhalin region has offered Rosneft and Gazprom to build an oil refinery in the region, the Governor of the Sakhalin region Oleg Kozhemyako said during the “Oil and Gas

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Progress of works at ZapSibNeftekhim was 88% in August 2018

The design of the ZapSibNeftekhim complex of Sibur has been completed in full, construction and installation works - by 84.2%.

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Shell thinks that retail trade with fuel in Russia is promising

Shell will double its network of filling stations in Russia to 600 in the next five to six years. This was announced by chairman of the concern in Russia Sederik Kremers.

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Uzbekistan intends to increase output of polyolefins through loading of Ustyurt gas chemical complex

Uzbekistan has planned to increase polypropylene production by 25% in 2019. The production of polyethylene by 2020 will grow 4.1 times, the mass media reported.

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FAS: Export duties and reverse excise to completely protect fuel market of Russia

Negative excise tax should be balanced with the existing prices. This opinion has been expressed by head of the Federal Antimonopoly Service of Russia Igor Artemyev.

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Kazakhstan plans to change rate of export duty on oil products

Kazakhstan has planned to revise rate of export customs duty on light petroleum products.

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Russian Ministry of Finance proposes to increase MET for oil companies

The Finance Ministry of the Russian Federation has made a proposal to the authorities to increase the mineral extraction tax (MET) for oil structures to partially compensate for the growth of subsi

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SOCAR completes design works on gas chemical complex in Azerbaijan

SOCAR has completed the primary engineering and design of a new gas processing and polymer complex GPC in Garadagh district of Baku, the Interfax reports citing the company's president Rovnag A

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Tatarstan plans to develop new program of petrochemical industry development

During the annual address to the State Council, Tatarstan’s President Rustam Minnikhanov has stated the need to develop and adopt a new program for the development of the petrochemical comple

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