Russia Oil and Gas

SOCAR: Operation of Baku-Novorossiysk is profitable for both parties

Operation of Baku-Novorossiysk is profitable both for Azerbaijani and Russian parties, the representative of SOCAR said, answering the question about stopping of deliveries of Azerbaijani oil via the pipeline next year.
“This is profitable for Russia, as it is the first time when Russian oil can be delivered to Ceyhan (via BTC) or in physical terms or in the form of SWAP”, he noted.

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A. Shpilman: production of oil from the Bazhenov group to make up 20 million tons per year

Head of the Research Center for Sustainable Mining spoke at the conference on unconventional oil, held on December 3-4 of 2013 about forecasts on the Bazhenov group.
According to the scientist, tax incentives will enable to increase the production from the Bazhenov group to 18-20 million tons per year by 2030. With such extraction the increase of explored reserves in the amount of 500 million tons will be necessary.

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Tatneft’s rates in November and the first 11 months of 2013

Oil production
In November, Tatneft produced 2 149 744 tons of oil – 100.7% to November of 2012. In the first eight months, 23 887 658 tons were produced that is by 89 456 tons more than in 2012 (100.4%), including 644 668 tons in excess of the plan (102.8%). 23 480 418 tons of oil were dispatched, including 691 968 tons in excess of the plan.
 
New drilling 
In the first eleven months of 2013, new drilling made up 501.4 thousand meters (601.8 thousand meters in the first eleven months of 2012), including 395.4 thousand meters for Tatneft (442 thousand meters in the first eleven months of 2012) – 379.8 thousand meters of operating drilling and 15.6 thousand meters of exploratory drilling.

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In January-November of 2013, Russian gas transit to Europe through the Ukraine made up 75.2 billion cubic meters

In January-November of 2013, Russian gas transit to Europe through the Ukraine made up 75.2 billion cubic meters that is by 4% more than in the same period of 2013.
Ukrtransgaz continues to carry out events on provision of stable work in the autumn-winter period of 2013-2014.

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On December 5, the daily gas output was 2.0348 billion cubic m in Russia

On December 5, the daily gas output was 2.0348 billion cubic m in Russia,  the Central Dispatcher Department of Fuel and Energy Sector reports. Gas production was 1,497.6 million cubic m in Gazprom, 179.1 million cubic m in Novatek, 268.2 million cubic m in oil companies and 45.8 million cubic m in other companies.
Translated by Nadezhda Poltoratskaya
Source:   http://www.angi.ru/news.shtml?oid=2807456

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Azerbaijan blocks Turkmen transit. The project for the Caspian gas supplies to the EU can fail

Azerbaijan cannot accept Turkmen gas at its territory. The EU and Turkmenistan restart negotiations about Trans- Caspian pipeline that will be laid via the Caspian Sea bottom to Azerbaijan. The final point of Turkmen gas supplies is Europe. In near days, the EU commissioner for energy G. Ettinger is going to arrive to Ashgabat for discussion of rehabilitation of the project. However to beat the target, Europe will have to meet agreement with Baku that has not agreed to allow Turkmen gas transit via its territory as yet.

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As of December the 5th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 445.7thousand tons

As of December the 5th of 2013, the volume of daily production of oil and gas condensate in the Russian Federation made up 1 445.7thousand tons

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Tamanneftegaz intends to construct 4 isothermal storages

Tamanneftegaz intends to construct 4 isothermal storages and a discharge jetty at LPG terminal, the OTEKO’s Deputy General Director for Marketing A.Bogoyavlensky stated.
The volume of the reservoirs will make up 40 thousand cubic meters. The discharge jetty will contain 72 tanks.
Currently one discharge jetty for 72 tanks works at the terminal.

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Nizhnevartovskneftegaz asks to declare it bankrupt because of debts in the amount of 3.7 billion rubles

The Commercial court of the Khanty-Mansiisk autonomous district has registered application of Nizhnevartovskneftegaz on recognition it a bankrupt. The report about it is published on site of the court.

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Russia can divide Venezuela with China

As it became known, Lukoil has had problems with withdrawal from the National oil consortium in Venezuela. It was assumed that Rosneft, which consolidated 60% of the consortium, would buy the company’s share. But, according to unofficial information, Lukoil estimated its 20% in NOC at $212 million (the Surgutneftegaz’ package of the same amount was bought at this price), and Rosneft, which Head Igor Sechin was initiator of the project, is ready to pay no more than $100 million. As a result, Lukoil started negotiations with the third party investors, and the Chinese company CNOOC is the most real pretender, the Komemrsant writes.
Lukoil continues to try to withdraw from the National Oil Consortium, which works at the Venezuelan field Hunin-6, sources that are familiar with the situation told. In late November, the sources explain, the company notified the NOC that it was going to sell its 20% to the third party investors. Lukoil stated to the NOC that it negotiated with the Norwegian company Statoil, the French company Total, the Chinese companies Sinopec and CNOOC, the Korean company KNOC, the Indian company ONGC, the American company Chevron and the Russian companies Zarubezhneft and Bashneft. According to sources, the most real pretender is CNOOC. Lukoil declined to comment.

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