Russia Oil and Gas

In H1, Lukoil doubled its net profit under RAS

In the first half of 2017, the net profit of Lukoil under RAS increased 2.1 times compared to the first half of 2016 and amounted to 115.607 billion rubles.

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Transneft-Privolga completes repairs on two main oil pipelines

Transneft-Privolga completed the scheduled repairs on the main oil pipelines Kuibyshev-Lisichansk and Nizhnevartovsk-Kurgan-Kuibyshev. This is reported on the company's website.

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Nord Stream 2 is under threat because of the US sanctions: if the Swiss company reject partnership, it is very difficult to find a replacement for it – expert.

Gazprom is building Nord Stream 2 with significant participation of European Oil and gas giants such as Shell, OMV, Wintershall. If they leave the project, it can freeze the construction.

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OPEC decision to reduce oil production to help the Russian budget.

At the meeting of the Ministers of the OPEC Monitoring Committee, which took place in St.

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European Commission to discuss new US sanctions against Russia and possible response

The Board of the European Commission in full composition will discuss at the scheduled meeting on Wednesday a draft of new US sanctions against the Russian Federation, which was approved by the Hou

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Novatek plans to launch the third stage of Yamal LNG 6-9 months ahead of schedule

Novatek plans to launch the second line of the Yamal LNG natural gas liquefaction plant 3 months ahead of schedule, the third line - 6-9 months.

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In H1, Irkutsk Oil Company transferred 6.7 bln rubles in budget of the Irkutsk region

In the first six months of 2017, Irkutsk Oil Company (INC) transferred 6.7 billion rubles to the consolidated budget of the Irkutsk region, which is by 49% more than in the first half of 2016.

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Rosneft stuck in Venezuelan heavy oil

Rosneft will have access to the management of joint ventures in Venezuela and the right to independently sell its share of the extracted oil.

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Russia doesn’t oppose to calculate oil export during monitoring of OPEC+ deal, but also asks to take into account fuel export

Russia doesn’t oppose the calculation of oil export by the technical committee during the monitoring of the implementation of the oil production reduction agreement, but asks then to take int

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In H1 2017 Gazpromneft-Orenburg extracted 2.4 million tons

Gazpromneft-Orenburg summed up the production results for the first half of 2017.

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