Russia Oil and Gas

In H1, IAS profit of Rosneft’s and Sinopec’s joint venture grew 1.6 times to 14.5 bln rubles

In the first six months of 2018, the net profit of Udmurtneft, a joint venture between Rosneft and China's Sinopec, under RAS increased 1.6 times compared to the same period last year and amoun

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Novatek reduces half-year profit by over 20%

In the first six months of 2018, the Novatek’s net profit under RAS amounted to 70.8 billion rubles, which is by 21.4% less than in the same period of the previous year.

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Gazprom increases gas supplies to Ukraine by 10.4% to 1.534 bln cubic meters

In the first six months of the year, Gazprom increased gas supplies to the Ukraine to 1.534 billion cubic meters, this is stated in the report of the group for the second quarter of 2018.

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In H1 2018, Lukoil increased gas production by 20%

In the first six months of 2018, the average daily production of hydrocarbons by Lukoil Group, excluding the West Qurna-2 project, amounted to 2.287 thousand barrels of oil equivalent per day, whic

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Fitch raises Eurasia Drilling rating to BB+

The international rating agency Fitch raised the long-term issuer default rating of the Russian oil service company Eurasia Drilling Company (EDC) from BB to BB+, the agency reported.

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In January-May 2018, 31.8 million barrels of oil were produced at the Sakhalin-1 project. Regional authorities are satisfied

The increase in oil production at the Sakhalin-1 project will bring additional revenues to the budget of Russia and the Sakhalin region.

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In H1, Gazprom increased gas export to the CIS and Baltic countries by 5.8%, to Western Europe – by 6.4%

In January-June 2018, Gazprom increased gas exports to the near abroad (CIS and Baltic countries) by 5.8% compared to the same period last year to 18.449 billion cubic meters, it follows from the q

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Russia may become the main supplier of gas to China in the future

Russia, which today jointly with China is implementing a project to build the Power of Siberia gas pipeline, may become the main supplier of natural gas to China, if Turkmenistan is unable to ensur

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Tatneft may pay interim dividends in the amount of 30.27 rubles

The Board of Directors of Tatneft has recommended the extraordinary general meeting of the company’s shareholders to pay dividends for the first 6 months of 2018, the company informs.

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Russian position on European gas market not to suffer because of definition of Caspian Sea status

The convention on the status of the Caspian Sea, signed last weekend by the leaders of five countries – Russia, Azerbaijan, Turkmenistan, Kazakhstan and Iran – will not affect the Russi

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