Russia Oil and Gas

Denmark suddenly needs Nord Stream 2

Denmark has suspended gas production at the country's largest Tyra field.

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Russian boosts oil exports to the USA

Last year, Russian oil exports expanded sharply. American sanctions against Venezuela and Iran helped. Most of all, purchases of our raw materials were increased by Turkey and the USA itself.

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Turkey interested in working with Russia to develop gas fields

Turkey is interested in working with Russia to develop gas fields off the coast of Cyprus. This was stated by the country's Foreign Minister Mevlut Cavusoglu.

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Novatek to participate in tender for development of offshore blocks in Lebanon

Novatek, as part of a consortium, will participate in a tender for development of blocks of the Lebanese shelf in April.

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In 2019, organic replenishment of Novatek’s reserves was 252%

As of end of 2019, Novatek’s proven hydrocarbon reserves according to SEC standards amounted to 16 265 million barrels of oil equivalent, including 2 234 billion cubic meters of gas and 193 m

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Lukoil not to compensate Belarus for losses from tax maneuver

Lukoil doesn’t plan to compensate for losses of Belarus from tax maneuver in the oil field, the president of the company Vagit Alekperov told the TASS.

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Russian companies increased methyl-tret-butyl-ether exports by 27% over the past year

In 2019, export shipments of methyl-tret-butyl-ether by rail increased by more than 100 thousand tons, according to the Argus agency.

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Arctic development strategy to be presented for the first time at the SPIEF

The Russian strategy for the development of the Arctic zone until 2035 will be presented for the first time at the St. Petersburg international economic forum (SPIEF).

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OMK increases volume of production of high-pressure pipeline valves 7 times

The Blagoveshchensk steel reinforcing mill (BAZ, part of OMK) has significantly increased production of high-pressure and large-diameter pipeline valves.

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In 2019, volume of manufacturing activity in Yugra increased by 10%

Volume of manufacturing activity in Yugra increased by 10% in 2019. This was announced by the Deputy Governor of the autonomous district Alexei Zabozlaev during a press conference.

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