Russia Oil and Gas

Russia reduced oil exports by 4.9% to 92.8 mln. tons in Jan-May

Oil exports from Russia went down by 4.9% to 92.8 million tons in January-May 2014 year-on-year. Russia was leader on oil production in May.
in January-May 2014 the relative weight of oil export in the total volume of Russian export made up 32%, in the export of fuel and energy goods – 44.2% (33.6% and 47.1% respectively in Jan-May 2013).
According to a comparative data of Rosstat on oil production (excl.gas condensate) in the Russian Federation and other leading countries-exporters of this raw material, Russia produced 10.318 million barrels a day in May, while the OPEC countries – 29.765 million barrels a day (incl. Iraq and Saudi Arabia – 3.331 and 9.464 million barrels a day respectively). Saudi Arabia produced 9.579 million barrels a day, while the Russian Federation – 9.95 million barrels.

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Rosneft to force Sila Sibiri to work for it.

According to the records of the Presidential Commission meeting on the Fuel and Energy Sector held back in June, but only recently appeared in the public domain, the Russian President, Vladimir Putin ordered the exploration of the possibility of providing the right to independent gas producers to export their products from the new fields in East Siberia and the Far East before September 1st, 2014. The head of the state also instructed to consider the possibility of their participation in the construction of the gas transmission network in Eastern Siberia and the Far East.
Let me remind you, that after Gazprom stated the Power of Siberia pipeline which is under construction, which was intended for the energy supplies from the fields in Eastern Siberia to the Far East and China, calculated only on the resource base of the corporation itself, Rosneft has expressed its intention to seek the access for the independent companies to the gas transmission network. As I wrote earlier, it is not so much about the access to the Power of Siberia, but about further liberalization of the gas market and the opportunity for independent producers to export it or demand the same or better terms of this raw materials purchase from Gazprom, if it will act as an intermediary when it is exported. Judging by the statements of Gazprom the gas transportation facilities in Sakhalin projects are not enough for both companies. In this regard, I think the only question is which of the two companies will take the burden of the additional investment in the infrastructure.

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Tatneft keeps developing new technologies of reservoir pressure maintenance system

Tatneft OJSC keeps developing the new and perspective technologies for its reservoir pressure maintenance system. They are directed at the reduction of the energy expenditure and a rise in production efficiency.
With the help of the reservoir pressure maintenance system the company’s specialists provide the protection of the downhole equipment of injection wells from high pressure and corrosion as well as optimize the processes of reservoir pressure. In H1 2014 to protect the underground equipment of injection wells from the influence of high pressure and corrosion, the program on the protection of housing pipes of wells was realized, in the framework of which 243 packers M1-X were implemented. In general, from the beginning of M1-X packers’ implementation 4,313 injection wells have been equipped.

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Gazprom plans to prolong gas purchase-and-sale agreement from Karachaganak deposit until 2038

Gazprom plans to prolong until 2038 the gas purchase-and-sale contract from the Karachaganak gas condensate deposit. The deputy chairman of Gazprom, A. Medvedev, and the Minister of Oil and Gas of Kazakhstan, U. Karabalin, discussed at the meeting.
The parties also discussed the perspectives of joint development of the Imashevsky gas condensate deposit and the possibility of the development of gas transport systems of Russia and Kazakhstan.
From 2002 Gazprom and OC KazMunaiGas have been successfully cooperating in the framework of the JV KazRosGas founded on the parity basis for the gas purchase from the Karachaganak deposit, its processing at the Orenburg gas processing plant and sale to the consumers in Kazakhstan and Russia.
The Transborder Imashevsky gas condensate deposit is located 60 km to the North-East of Astrakhan on the territory of Russia and 250 km to the south-west of Atyrau in the Kurmangazinsky region of Kazakhstan. The explored gas reserves of the Imashevsky deposit make up more than 100 bln cubic m.

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Over 50 million tons of oil are shipped at terminal of Neva pipeline company

Over 50 million tons of oil have been shipped at oil terminal of Neva pipeline company, located in Ust-Luga, the port reports.
The milestone of 50 million was overcome on July 17th, 2014 during loading of more than 100 thousand tons of oil by Rosneft.

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Federal Tariffs Agency agrees to raise tariffs of Transneft from Jan 1st 2015

The Federal Tariffs Agency suggests raising Transneft’s tariffs from Jan 1st 2015 by about 5.4%, is said in the order of the Federal Tariffs Agency.
The company asked the Agency about it on July 16th sending an official request. And the Federal Tariffs Agency seems to agree with Transneft. The indexation asked by the company, according to the chairmen, corresponds to the growth of oil transportation tariffs, which is stated in the Government order as of March 14th 2014 (approximately by 90% of the forecast inflation rate).
The tariffs for oil pumping via the ESPO are suggested being raised by 6% by the Federal Tariffs Agency so that to launch the mechanism of gradual cancellation of cross-subsidizing of the eastern direction of transportation on the account of the western direction by 2025. The head of Transneft, N. Tokarev, thinks the amount of subsidies will equal to 37 bln roubles.

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New wastes classification catalog not to give any advantages to oil companies

From August 1st a new federal catalog of wastes classification is introduced in Russia. Will it ease the life of the oil production companies? How will the work with wastes change? The head of the ecology department of “Lukoil- West Siberia” Ltd, A. Bezdenezhnykh, was interviewed by the Agency of the Oil and Gas Information. “It is impossible to say that from August 1st it will be easier and more effectively to work for the oil production companies. We will have to reissue again the documents that we already have”, Mr. Bezdenezhnykh said.
In fact nothing has changed. These is only one figure omitted in the passport code. The passport issue procedure is the same.

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Transneft completes reorganization of Transsibneft

On July 21, Transneft made a record in the Unified State Register of Legal Entities on reorganization of a company, controlled by the issuer, which has a significant importance for it –Transsiberian main oil pipelines, Transneft reports.

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Crimea to use its gas in winter

The Crimea will cover by 100% its needs in gas in the winter 2014. V. Konstantinov, chairman of the State Council of Crimea, said when visiting the gas storage of Chernomorneftegas in the Chernomorsky region.
The production is ahead of the average daily consumption. There are difficulties with the gasification in some areas of Crimea. However, I am sure that by the end of the year most of the issues will be positively settled, he said.

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Gazprom establishes several companies in Russia and the Netherlands for assets exchanges with BASF

Gazprom has created several new companies, which names speak about their involvement in the structuring of deal on assets exchange with BASF/Wintershall. According to information of SPARK-Interfax, Achim sbyt was founded in Russia, its initial registration took place on June, 24. The main activity of the company is a fuel and oil wholesaling. The company also points out the following activities in the field of hydrocarbons logistics: transportation by rail, transport via pipelines and gas storage.

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