Russia Oil and Gas

R.Khamitov: There are not enough incentives of import substitution in petrochemical complex

The government of Bashkiria believes that the current incentives for import substitution in the petrochemical complex are insufficient.

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Russia reduces its oil dependence

The share of non-oil and gas revenues of the budget continues to increase, in 2016 it made up 2/3 of all revenues.

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Capital expenditure of Gazprom Neft fell by 21.7% to 65.7 bln roubles in Q1

The capital expenditure of Gazprom Neft fell by 21.7% to 65.665 bln roubles in Q1 2017 compared with Q1 2016, is said in the company’s IAS report.

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Gazprom plans to launch the 4th and 5th Achimov sites of Urengoi deposit in 2020

Gazprom plans to launch the 4th and 5th Achimov sites of the Urengoi oil and gas condensate deposit in Q4 2020, deputy chairman of Gazprom, V. Markelov, said.

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Gazprom expects demand growth for imported gas in Europe by 60 bln cubic m by 2025

Gazprom expects the growth of demand for imported gas in Europe by 60 bln cubic m by 2025, the head of the department of contracts and price making of “Gazprom export”, S.

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In January-April, production of low-pressure polyethylene in Russia fell by 6%

In January-April of the current year. domestic enterprises increased the production of low-pressure polyethylene by 6%.

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FAS invites gas producers to Power of Siberia

The Ministry of Energy and the Federal Antimonopoly Service are calling to admit independent gas producers to the Power of Siberia gas pipeline.

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Lukoil doesn’t plant to take part in construction of refinery in Iraq

Lukoil doesn’t plan to participate in the construction of an oil refinery in Iraq, head of the company Vagit Alekperov told journalists in Vienna.

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Oil production in Tyumen region, Khanty Mansi and Yamal Nenets Autonomous Areas in April made up 22.6 mln tons

In April 2017 in total 22.6 mln tons of oil were produced in the Tyumen region, Khanty Mansi and Yamal Nenets Autonomous Areas and 45.7 mln cubic m of natural gas and APG.

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By the beginning of heating season Gazprom to place 72.2 bln cubic meters of gas in underground storages

By the beginning of the heating season, Gazprom will create a gas reserve in Russia's underground gas storage facilities in the amount of 72.2 billion cubic meters, the company reports.

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