Refining

Total investments in upgrade of Orsk refinery to reach 64 billion rubles

The volume of investments in the modernization of the Orsk refinery (part of Mikhail Gutseriev's SAFMAR) will be 64 billion rubles, the governor of the Orenburg region Yuri Berg, said.

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In January-May, petrol production in Azerbaijan slightly fell

In January-May 2018, production of petroleum products in Azerbaijan increased by 0.9% to 1 266 114.1 thousand manats compared to the same period of the previous year, the State Statistics Committee

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The export of Russian oil to Europe decreases by 16% since the beginning of 2018.

But at the same time, shipments to China and to Russian oil refineries increased, the Vice President of Transneft S. Andronov stated on June 15, 2018.

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Russia looks for new forms to support oil companies

Has found itself between two fires - completion of tax maneuver in the oil industry and scandalous rise in petrol prices - the Ministry of Finance discusses conditions for introduction of a floatin

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In the first 5 months of 2018, Kazakhstan increased oil and gas condensate production by 6.4%

In January-May 2018, Kazakhstan increased oil and gas condensate production by 6.4% compared to January-May 2017 to 37.7 million tons. Deputy Minister of Energy of Kazakhstan M.

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Chinese companies to take part in construction of refinery in Kazakhstan

Chinese companies will participate in construction of the fourth oil refinery in Kazakhstan, mass media report, citing President Nursultan Nazarbayev.

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Gazprom Neftekhim Salavat intends to increase output of carbamide by 2.5% per year

Gazprom Neftekhim Salavat plans to increase carbamide production by 2.5% in 2018. The company plans to produce more than 650 thousand tons of fertilizer.

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In January-May, import of polyvinyl chloride in Russia grew by 60%

External supply of suspension polyvinyl chloride to the Russian market decreased by 60% in January-May 2018. The export from Russia increased by 30%, the Market Report informs.

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Russian Ministry of Finance wants to secure budget against reform of oil taxes

The draft law prepared by the Ministry of Finance on completion of the tax maneuver in the oil industry has been somewhat tougher than expected.

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Tatneft to launch production of petrol with capacity of 1.1 million tons in Q3

Tatneft" expects to launch the production of petrol at TANECO with a capacity of 1.1 million tons per year in the third quarter, Interfax reported.

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