Russia Oil and Gas

Lukoil doesn’t plant to reduce production in 2018

Lukoil has no plans to reduce its oil production in 2018, but is ready to adjust the plan depending on the Government's decision, the company’s Board member and senior vice-president of o

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Sibur-PETF launches new cleaning facilities

Sibur-PETF started the commissioning works within the framework of the investment project for the construction of new cleaning facilities.

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In 2016, Russia supplied 52.48 mln tons of oil and 18.85 mln tons of coal to China

Last year China imported from Russia 52.48 million tons of oil, 3.3 billion kWh of electricity and 18.85 million tons of coal.

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Gazprom and ExxonMobil almost agree on gas supplies on Sakhalin

The operators of the Sakhalin-2 and Sakhalin-1 projects put forward proposals to buy Sakhalin-1 gas, the Deputy Energy Minister Kirill Molodtsov said on Wednesday.

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Lukoil may sell oil processing complex in Italy

Lukoil may sell the ISAB refinery in Italy. The co-owner of the company Leonid Fedun didn’t comment on this information, the Reuters reports.

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Gazpromneft hopes for tax benefits for Salym Petroleum Development

Gazpromneft has counted on tax breaks for Salym Petroleum Development, a joint enterprise of Gazpromneft with the Anglo-Dutch concern Shell, the first deputy general director of Gazpromneft Vadim Y

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Omsk oil refinery to be first in Russia to start industrial production of needle coke

The existing delayed coking unit (DCU) will be reconstructed at the Omsk refinery of Gazprom Neft, which will allow Russia to start the industrial production of needle coke for the first time.

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Zarubezhneft proposes technologies to increase oil recovery to Algerian companies

Zarubezhneft has offered companies from Algeria the technologies to increase the efficiency of existing fields, the Russian Energy Minister Alexander Novak told journalists.

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Russia may grant more profitable tariffs for oil products transit to Belarus

Proposals of the Russian Ministry of Energy on deliveries of Belarusian petroleum products through Russian ports will concern, including, the provision of more favorable conditions for Belarus in t

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LUKOIL stops acquisitions because of new US restrictive measures

LUKOIL, the first of the major oil companies of Russia, recognized the danger of new US sanctions for acquiring assets abroad.

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