Russia Oil and Gas

As of November the 13th of 2014, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 444.9 thousand tons

As of November the 13th of 2014, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 444.9 thousand tons

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Rosneft founds a subsidiary for construction of a gas filling stations network

Rosneft founds Rosneft – Gas Motor Projects, a special subsidiary for construction of a gas filling stations network, the sources in the company claim.
N. Yeliseyev is appointed to the post of the CEO of the new subsidiary, and he will remain the director of the gas and gas refining products trading department of Rosneft.

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Rosneft is ready to dispatch commercial petrol from the Achinsk refinery from November, 20

Rosneft has reported about production of 2.5 thousand tons of commercial gasoline at Achinsk refinery and confirmed its readiness to begin shipment of commercial gasoline from November, 20. This was reported by the Ministry of Energy by results of the regular meeting of staff on monitoring of production and consumption of oil products in Russia.

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By the end of the year Russia plans to increase the oil production on the shelf by 4.4%.

By the end of the year Russia plans to produce 15.7 million tons of oil offshore, this is 4.4% higher than the production level according to the results of 2013, a source in the RF Ministry of Energy announced.

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Transneft to discuss localization of import products output in Russia

On November 19, the Board of Directors of Transneft will discuss the program of localization of imported products output in the territory of the Russian Federation for the main pipeline transport of oil and oil products, the company reports.

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Expert: Russia may not have gas for the Ukraine.

The Ukrainian budget has no money to purchase the specified quantities of gas, Gennady Ryabtsev, the director of the special SEC "Psycheya" projects, states.

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The "Sakhalin Energy" company is ahead with its annual plan for oil.

Sakhalin Energy (operator of the PSA "Sakhalin-2" project) is ahead with the annual plan for the extraction of oil. In this regard, by the end of this year it plans additional oil exports.
"On November 11th the company shipped 51th standardized shipment of oil, producing 35.7 million barrels, thus prematurely fulfilling the plan for mining and oil supplies for 2014", - Interfax quotes the company’s message.

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Sechin asks for an increase in the share of Rosneft on the route to China.

It was reported that the oil companies supplying the oil via the ESPO pipeline may be forced to reduce the amount of pumping of raw materials to the port of Kozmino by a total of 5 million tons per year. The reason is the desire of "Rosneft" to increase its exports to China, RBK informs.
A copy of the letter of the head of "Rosneft" Igor Sechin to the Deputy Minister of Energy, Anatoliy Yanovskiy is at the heart of the issue, in which the oil company asked the ministry to change the intergovernmental agreement on oil supplies to China and to adjust the route of delivery of additional 5 million tons of oil a year from 2015 to 2017. It was assumed that this volume will be delivered to China via the Skovorodino - Mohe pipeline, but now Sechin asks to redirect them towards the Kozmino port.
The fact, Sechin writes, is that only on November 6th, 2014 China notified "Rosneft" that because of the tightening of the environmental regulations it does not have time to complete the work on expanding the capacity of the pipeline on its own territory in time. Therefore the partners from China asked to change the direction of Russian oil supplies to Kozmino instead of the Mohe checkpoint.

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Gazpromneft may increase financing of its joint venture with Shell

The Russian oil company, Gazpromneft has announced its readiness to increase funding for its joint project with the Anglo-Dutch concern Shell, associated with the development of shale oil, in the case if Shell limits its funding because of the EU sanctions imposed on Russia, director for Exploration and Development of the Resource Base of Gazpromneft, Alexei Vashkevich reported.

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Gazprom and Naftogaz try to come to agreement on schedule and volume of gas supplies

On November 9th-11th of 2014, Naftogaz’s delegation visited Moscow to agree the schedule and volume of gas supplies with Gazprom till the end of 2014.
The detailed conditions of purchases of Russian gas in November-December 2014 was discussed under provisions of the supplemental agreement №33 to the 10-year contract between Naftogaz and Gazprom dated 2009.
The supplemental agreement was signed by the heads of companies in Brussels on October 30th, 2014. On October 30th, 2014, Russia, the EU and the Ukraine agreed on issues of gas supply for the upcoming heating season until March 31st, 2015.

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