Russia Oil and Gas

Gazprom to sign contract on supply of pipes for the South Stream’s second string before the end of March

Gazprom plans to sign a contract on supply of pipes for the South Stream offshore gas pipeline’s second string before the end of March, the Russian gas holding company reports.
Gazprom’s CEO Alexei Miller has held a meeting on implementation of South Steam and South Corridor projects. It was noted that the creation of a new route for Russian gas transportation, which must increase reliability of the supplies to European consumers and decrease transit risks, is carried out in accordance with schedule. Particularly, on January 29 an agreement on supply of pipes for the first string of the gas pipeline was concluded.

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Bashneft has paid off 1.3 billion rubles for the bonds of 4 series

Bashneft paid off coupon income for the bonds of 4 series for the second coupon period. The coupon revenue was 43.13 rubles for 8.65% per annum for series 06 and 08, and 44.13 rubles for 8.85% per annum for series 07 and 09. Total payments were 431.3 million rubles for series 06, 441.3 million rubles for series 07, 215.65 million rubles for series 08, and 220.65 million rubles for series 09. The issues with total nominal volume of 30 billion rubles  were placed in February 2013 for 10 years each. 5 and 7 year offers are made for the loans.

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Lukoil Komi asks the court to suspend the decision about charging of 615 million rubles from the company

Lukoil Komi LLC has made the application to the court about suspension of the decision about charging of 615 million rubles from the company under the claim of the Komi department of the Russian nature supervision agency about the harm caused to the land resources.

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In 2013, Udmurtneft gained net profit of 18.329 billion rubles

In 2013, Udmurtneft gained net profit of 18.329 billion rubles (-0.1%), revenue of 109.092 billion rubles (+3%), gross profit of 64.388 billion rubles, sales profit of 23.566 billion rubles, and pretax profit of 23.134 billion rubles.
Translated by Nadezhda Poltoratskaya
Source:   http://oilnews.kz/1/novosti/novosti-tek-zarubezhya/chistaya-pribyl-udmurtnefti-v-2013-g-sokratilas-na-01-do-18429-mlrd-rub/

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In 2014, CPC is going to additionally transport 10 million tons of oil

In 2014, CPC is going to additionally transport 10 million tons of oil, the CEO of the consortium N. Brunich says. The volume includes oil from Tengiz and Karachaganak, and Rosneft is going to transport up to 3 million tons via Kropotkinskaya oil pumping session. In January, CPC exported by 18% of oil more than a year ago. Mr. Brunich says that in the end of December and the first decade of January they tried to operate in the transporting mode of 40 million tons per year, and successfully accomplished the task. They did receive the application for Kashagan oil transporting via CPC. Mr.

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Gazprom Neft will grant loan of 14 billion rubles to the operator of Prirazlomnaya

Gazprom Neft will grant loan of 14 billion rubles to Gazprom Neft Shelf LLC, the operator of the Prirazlomnaya platform and the Prirazlomnoye deposit. The total transaction volume is not more than 15 billion rubles, and the interest sum is not more than 1 billion rubles.

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Oil production increased by 3% in Kemerovo region

Oil production increased by 3% to 14.35 million tons in Kemerovo region. Associated oil gas production increased to 1.33 billion cubic m. They exist now 230 hydrocarbon deposits in the region, and 170 of them are transferred for operation.
Translated by Nadezhda Poltoratskaya
Source:   http://www.regnum.ru/news/economy/1765226.html

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Verkhnechonskneftegaz reelects its management

The Verkhnechonskneftegaz’s Board of Directors has reelected the company’s management, VChNG reports.
The management, which consists of 7 persons, was reelected for 3 years from February 10 of 2014.

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Tatneft increased super-viscous oil debit by 8-10 times with transition from vertical to horizontal wells

The Volga-Kama regional department of the Russian Academy of Natural Sciences has held the anniversary session at the base of Aznakayevskneft of Tatneft JSC. The first vice CEO for production, the chief engineer of Tatneft, N. Ibragimov made a report about the development of the deposits bearing super-viscous oil and natural bitumen. He claims that the primary zone for super-viscous oil deposits development is the Cheremshano-Bastryksky zone. Tatneft increased super-viscous oil debit by 8-10 times with transition from vertical to horizontal wells. Now Tatneft has drilled 57 horizontal wells at its deposits.

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On February 10, the daily gas output was 2.1046 billion cubic m in Russia

On February 10, the daily gas output was 2.1046 billion cubic m in Russia,  the Central Dispatcher Department of Fuel and Energy Sector reports. Gas production was 1,550.8 million cubic m in Gazprom, 171.5 million cubic m in Novatek, 276.3 million cubic m in oil companies and 45.4 million cubic m in other companies.
Translated by Nadezhda Poltoratskaya
Source:   http://angi.ru/news.shtml?oid=2809483

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