Production and Refining

Rosneft invests over 70 bln rubles in upgrade of Achinsk refinery

Rosneft has invested over 70 billion rubles in modernization of the Achinsk refinery in the Krasnoyarsk region, the mass media reports, citing head of the company Igor Sechin.

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NKNKh not to pay dividends again.

Shareholders of Nizhnekamskneftekhim (NKNKh, a member of the TAIF group) at the annual meeting decided not to pay dividends for 2017, according to Business Online.

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Parameters of tax maneuver to be completed in the course of adoption

The Russian Government is preparing to complete a five-year reform of taxes on the export of oil and petroleum products, which should bring the budget up to 1.6 trillion rubles in the next six year

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The progress of works at ZapSibNeftechim reached 81.2% in May 2018

The overall progress in the construction of ZapSibNeftekhim reached 81.2% in May, the company's press service reported.

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NKNKh’s shareholders meeting approve deal on attraction of loan for 800 mln euro

The general meeting of shareholders of Nizhnekamskneftekhim (NKNKh, part of the TAIF Group) has approved a deal on attraction of loan from a German consortium of banks, the press centre of the comp

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Kazakhstan may introduce ban for the import of petrol from Russia by June 24, 2018

Order to ban import of gasoline from Russia to Kazakhstan by rail for a period of 3 months can be signed before the end of this week.  The energy Minister Of Kazakhstan K.

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Kazakhstan plans to increase oil production to over 100 mln tons per year

The Energy Minister of Kazakhstan K. Bozumbayev has said that the Government expects to increase oil production to 2025 to the level of more than 100 million tons per year.

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The capacity of the first stage of the fourth oil refinery in Kazakhstan will be 3 million tons

The capacity of the first stage of the fourth oil refinery in Kazakhstan will be 3 million tons, the media reported with reference to the Kazakh Energy Minister Kanat Bozumbaev.

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In July, export duty on aromatic hydrocarbons to grow by 5.6%

Export duty on aromatic hydrocarbons will increase by 5.6% in July.

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