Russia Oil and Gas

In March 24th-28th, Novatek bought 657.16 thousand of its shares within buyback

In March 24-28, the largest Russian independent gas producer Novatek bought 657.16 thousand of its shares, including GDR, within buyback, the company reports.

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In 2015, Lukoil Overseas plans to increase production of hydrocarbons to 20 million tons

In 2015, Lukoil Overseas, th operator of the foreign projects of Lukoil, plans to increase the production of hydrocarbons to 20 million tons of oil equivalent; 15 million tons are planned to be extracted this year, head of the operator ,Andrei Kuzyaev reported to journalists.

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As of March the 30th of 2014, the volume of daily production of natural gas in the Russian Federation made up 1 748.0 million cubic meters

As of March the 30th of 2014, the volume of daily production of natural gas in the Russian Federation made up 1 748.0 million cubic meters

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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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