Russia Oil and Gas

Rosneft doesn’t obtain pipe preferences

Rosneft hasn’t managed to prove in court that it has the right to preferential taxation of the Vankor-Purpe oil pipeline.

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Share of Arctic oil in total Russian production to grow to 26% by 2035

The share of Russian oil produced in the Arctic zone will grow from 17% to 26% by 2035. This was said by the Russian Deputy Minister of Energy A.Teksler at the exit session of the St.

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Gazprom receives commercial gas inflow at the Shahbazpur field in Bangladesh

Gazprom International, a subsidiary of Gazprom, has received a commercial inflow of gas from the Shahbazpur field on Bola Island in the south of Bangladesh, the company reports.

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In the first 9 months, Gazpromneft reduced its net debt by 7.2% to 595.6 bln rubles

As of September 30, 2017, the net debt of Gazpromneft amounted to 595.571 billion rubles which is by 7.2% less than the figure at the beginning of this year, the company's materials show.

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Transneft suspends oil pumping from Azerbaijan because of earthquake

After the earthquake in the region of Derbent Transneft is inspecting the section of the Baku-Novorossiysk oil pipeline and suspended the pumping, official representative of the company Igor Demin

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In October, Antipinsky refinery increased production of naphtha by 10%

The Antipinsky refinery, a key asset of the New Stream group of companies, increased production of straight-run gasoline by 10% in October.

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Iraq looks for solution on contracts between Rosneft and Iraqi Kurdistan

Rosneft may have problems with contracts the company has entered into with the Government of Iraqi Kurdistan. This was stated by Ambassador of Iraq to Russia H. Al-Azari on November 15, 2017.

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Lukoil ships over 200 thousand tons of natural stable gas to Karpatneftekhim since May

The refineries of Lukoil have delivered the bulk of raw materials to Karpatneftekhim (Kalush, the Ukraine) in 2017.

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Gazprom places 7-year Eurobonds for 750 mln euro

Gazprom has placed 7-year Eurobonds for 750 million euro at 2.25% per annum. This was announced by the first vice-president of Gazprombank (one of the organizers) Denis Shulakov.

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Gazpromneft receives record cash flow

Gazpromneft has increased all major financial indicators under IAS in the nine months of 2017. Its net profit increased grew 28%, the revenue - by 19%, and the EBITDA - by 23%.

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