Production and Refining

SIBUR and Saudi Aramco are in pre-investment phase of possible joint venture

In 2019, SIBUR may complete the pre-investment phase of a possible petrochemical project jointly with Saudi Aramco, media reported with reference to the chairman of the company's management Dmi

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Zapsibneftekhim may be built ahead of schedule

The largest project of Sibur - the Zapsibneftekhim petrochemical complex under construction - can be built earlier than planned, while return on investments of the National Welfare Fund, spent on t

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In 2018, petrol production in Azerbaijan fell by 2.4%

In 2018, production of petroleum products in Azerbaijan increased by 3% to 3 099.5 million manats compared to 2017, the State Statistics Committee reported.

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Demand for oil and gas in China grows, in spite of slowdown of economic growth

Despite slowdown in China's economy last year to 6.6% – the lowest rate over the past 28 years - oil consumption in the country is growing rapidly.

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Indian asset of Rosneft to invest $850 mln in oil processing and petrochemical industry

Indian company Nayara Energy, 49.13% of which are owned by Rosneft, has signed two memorandums with the government of the Indian state of Gujarat on intention to invest $850 million in expansion of

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Export duty on aromatic hydrocarbons to drop by 9.4% in February

Export duty on aromatic hydrocarbons will decrease by 9.4% in February.

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How Russia can increase non-resource exports

Russia is looking for ways to develop it's non-resource exports and sees the petrochemical industry as a reliable point of growth.

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Over the week, vertically integrated companies sold over 452 thousand tons of petroleum products on commodity exchange

The Energy Ministry of Russia has held a regular meeting of headquarters for monitoring the production and consumption of petroleum products.

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In 2019, Transneft may increase supply of oil to Russian oil refineries by 2%

Transneft has supplied 249.5 million tons of oil to Russian refineries. 230.5 million tons were pumped for export. In 2019, imports will continue to decline.

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Kazakhstan calls date and volume of petrol supply to Kyrgyzstan

Relevant departments of Kyrgyzstan are at the final stage of consideration of terms of petrol supply from Kazakhstan. This was announced by head of the Association of Oil Traders of Kyrgyzstan K.

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