Russia Oil and Gas

In 2013, Surgutneftegaz increased its net profit under RAS 1.6 times to 256.5 billion rubles

In 2013, Surgutneftegaz’s net profit under RAS grew 1.6 times as compared with the previous year and made up 256.516 billion rubles, the company reports.
The proceeds of Surgutneftegaz decreased by 0.17% and made up 814.187 billion rubles. The prime cost of sales grew by 1.8% and made up 546.726 billion rubles. The total profit declined by 4% and made up 267.461 billion rubles, the sale profit by 7.2% to 199.671 billion rubles. The incomes from participation in other companies increased 2.5 times and made up 1.1 billion rubles.

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On March 30, the daily oil and gas condensate output was 1.4411 million tons in Russia

On March 30th, the daily oil and gas condensate output was 1.441 million tons in Russia, the Central Dispatch Department of  theFuel and Energy Sector reports. Production was 553,800 tons in Rosneft, 237,300 tons in Lukoil, 167,900 tons in Surgutneftegaz, 136,200 tons in Gazprom Neft, 73,100 tons in Tatneft, 46,100 tons in Bashneft, 55,600 tons in Gazprom and 23,500 tons in Russneft.
Translated by Nadezhda Poltoratskaya
Source:  http://angi.ru/news.shtml?oid=2811101

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Public hearings on Rosneft and Exxon Mobil's projects in the Arctic

The development of the polar latitudes is one of priorities in Rosneft’s shelf projects. Since recently the company carries out large-scale works on survey of the Arctic region and works on the creation of a single network of meteorological observation, which will optimize geological exploration, improve the efficiency of the production and will allow it to begin academic and research programs to study the region, the company’s press centre reports.

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In 2014 "Rimera" shipments volume for "Gazprom" to exceed 10 million Euros.

The Czech Factory of the "Rimera", MSA groups will supply a batch of pipe fittings for the expansion of the Punginsk underground gas storage (UGS), OAO "Gazprom". In total in 2014 MSA will supply "Gazprom" with products worth over 10 million Euros.
According to the results of the tender procedures, the Czech factory "Rimera" MSA began producing a large batch of pipe fittings, which will include 535 ball valves with a diameter of 2"- 20", class 150 - 600. The fittings shipment is scheduled for April-May 2014. All products delivered to OAO "Gazprom", will be fitted with hydro pneumatic actuators.

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Sanctions against Russia are harmful for Western business too

Western energy giants are concerned that in case of introduction of sanctions against Russia their business in the country can suffer seriously. Analysts interviewed think that Russia is deeply integrated into the global economy and introduction of sanctions will make problems not only for certain companies, but also for countries.
Today the interests of our companies are tied with interests of foreign corporations. Thus, the American Exxon Mobil has worked in Russia for 20 years, surveying fields in the Russian Arctic. It has several joint projects with Russian companies as in Russia, as in other parts of the world.
The British newspaper the Financial Times reported at the end of the previous week, referring to sources that were familiar with the situation, that French oil and gas company Total negotiated with Lukoil on development of joint projects in Russia.

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Timchenko wants to invest money from the sale of shares in Gunvor into Russia.

The businessman Gennady Timchenko, who sold 43.5% of oil trading company Gunvor, will invest the money from the sale into Russia, "Vedomosti" reports, citing the Volga Group, which is managing Timchenko’s Russian assets.
According to the official publication, purchases may occur in three sectors - logistics, infrastructure and the energy sector. The source said that the decision to invest into the Russian direction was made in connection with a high risk of foreign countries sanctions against Timchenko (at the moment only U.S. has imposed visa and financial sanctions against the businessman).
Lets recall that on March 20th, after the imposition of sanctions against Tim

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“Gazprom” and SPP agrees on gas price reduction

Gazprom and SPP (Slovakia) agreed to a reduction in gas prices for the Slovalian company, RBK-Ukraine reports.
They said in the Slovakian company that the agreement “will have a positive impact on the financial results of the company”.
“Gazprom” delivered 5.42 billion cubic meters of gas to Slovakia in 2013.

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The Ukraine does not recognized the change to the gas discount terms: new problem in relations between Moscow and Kiev

The Ukraine has refused to acknowledge the cancellation of the gas discount for the location of the Black Sea fleet in Crimea in the amount of $100 per 1 thousand cubic meters. Such an approach can lead to registration of further increase of Naftogaz Ukrainy’s debt by Gazprom. But Gazprom needs Naftogaz to pump gas into the local underground gas storages to provide for transit to Europe in the winter. These two issues will be the main topic during negotiations of the companies this week.
On Friday, the Russian President, Vladimir Putin started procedure of the denouncement of the agreement with the Ukraine on the location of the Black Sea fleet, including the Kharkov agreements dated 2010, according to which Kiev received the gas discount in the amount of $100 per 1 thousand cubic meters in exchange of the prolongation of the fleet's location for 25 years. Moscow believes that after the affiliation of Crimea the subject of the agreement has gone. But Kiev doesn’t intend to acknowledge the cancellation of the gas discount on the Kharkov agreements, the Minister of Energy, Yuri Prodan stated to the Kommersant, added that Naftogaz Ukrainy wouldn’t pay the expected increase of the Russian gas price to $480 per 1 thousand cubic meters from April, 1st. Russian officials haven’t called the new price, but sources of the Kommersant in the Russian Government are sure that the price will increase to $480 per 1 thousand cubic meters from April, 1st.

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Sakhalin Energy discusses the concept of the third stage of the "Sakhalin - 2" LNG plant.

The integrated development plan for the "Sakhalin-2"project, providing a consistent solution for the expansion of the  capacity  of the current LNG plant in Sakhalin, was adopted in Moscow on Friday.
"Actually prefid phase was launched - the phase that precedes the design of a new production", - the press service of the governor of the Sakhalin region stated.
In February, the "Gazprom" and "Shell" approved a joint roadmap for the implementation of "Sakhalin - 2", now a substantive discussion of the concept of the third LNG line with the capacity of up to 5 million tons per year is already being discussed.
"I anounce with great satisfaction that the solution to the problem, that we have promoted over the past several years, now goes into action. In general, the "Sakhalin-2" is currently developing steadily. This year we expected to exceed the targets for oil and gas", - the press service quoted the words of the governor Alexander Horoshavin.

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Lukoil has been granted the license for Burtsevsky hydrocarbon site

In March 2014, the Perm regional subsoil use management agency has tendered the Burtsevsky site for hydrocarbons exploration and production there. The winner is  Lukoil Perm that has offered 39.93 million rubles for the site. Another company that appeared was RITEK, a 100% subsidiary of Lukoil. They made one step during the tender. The starting payment was 36.3 million rubles. The site’s reserves are 104,000 tons of oil and 13 million cubic m of associated gas.

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