Russia Oil and Gas

Russia reduces oil export duty by $28 from November 1

Russia reduces oil export duty by $28 to $316.7 per ton (-8.1%) from November 1, compared to $344.7 in October.
The chief expert of the tax and customs-tariff policy department of the Ministry of Finances A. Sakovich says that within the monitoring period since September 15 until October 14, average oil price was $91.75386 per barrel, or $669.8 per ton, compared to $98.278 per barrel, or $717.4 per ton.
In this case, under the active formula, oil duty should be $316.7 per ton.

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Russia is going to discuss with Serbia on October 16 tax mode revision for the Serbian NIS controlled by Gazprom Neft

The Russian side is going to raise the question of tax mode revision for the Serbian NIS controlled by Gazprom Neft at the negotiations with the Serbian authorities on October 16, the presidential assistant Y. Ushakov says.

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A. Novak and A. Miller can discuss Russian gas supplies to the EU with the EC representatives at the Asia-Europe Meeting summit on October 17

The Minister of Energy of Russia A. Novak and the chief of Gazprom A. Miller can discuss Russian gas supplies to the EU with the EC representatives at the Asia-Europe summit on October 17, the presidential assistant Y. Ushakov says.
He states that A. Novak and A. Miller are the members of the Russian delegation at the summit. He says that they await the presence of the EC representatives at the summit engaged with the energy issues. The gas issue will be discussed at the Asia-Europe Meeting, as well as with the European Commission.

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Transneft has postponed until October 17th oil transporting at the Talakan-Skovorodino division of ESPO for the pipeline fault repair

Transneft has postponed until October 17 oil transporting at the Talakan-Skovorodino division of ESPO for the pipeline fault repair. They await the planned oil discharge from the pipeline can be several cubic meters. All oil sludge will be liquidated on site at the  pyrotechnical areas.
Reduction in oil accepting to the pipeline system from the producers within the period of the work will be restored in the next days and won’t influence the monthly schedule. They do not plan any restrictions for the receivers of cargoes.

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In January-September of 2014, Slavneft’s net profit under RAS fell 19.2 times to 894.732 million rubles

In January-September 2014, net profit of Slavneft under RAS decreased 19.2 times  to 894.732 million rubles.

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Rosneft has started commercial development of the South-Uzun site

The Nizhnevartovsk Oil and Gas Production Enterprise JSC, a Rosneft’s subsidiary has started commercial drilling of the South-Uzun license site in the Khanty-Mansi autonomous area.
Two drilled wells have gained average daily debit of 50 tons each. They are going to drill at the site 12 production, 5 compressing and 1 prospecting wells.

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In November, oil processing in Russia may grow by 1 million tons

In November, the volume of oil processing at Russian refineries could increase by about 1 million tons as compared with the October volume. In November, the total amount of idle capacity of primary crude oil processing at Russian refineries will be reduced to 0.827 million tons from 1.921 million tons in October (-57%), upon completion of the autumn preventive maintenance and repairs.

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Russia has suggested to build a pipeline to Japan

Russia has suggested to Japan that they build a pipeline that would connect the Russian Far Eastern deposits with Northern Japan, Reuters reports referring to Nikkei. The construction of the gas pipeline has been discussed for several dozen years. It can face a number of obstacles including those connected with the arguments about the islands the Soviet Army captured in the Second World War.
The representative of the Ministry of Economy, Trade and Industry of Japan engaged with oil and gas issues rejects the news about the receiving of the offer from Russia by Tokyo.

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Power of Siberia to have new manager and new department

Gazprom has decided to change the main manager, responsible for construction, in the Power of Siberia project. Also, the Russian gas holding company completes the process of transferring control over the investment program formation from the production unit to the financial one.

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Yield of well at the Urengoy field has increased 9 times

Record hydraulic fracturing of formation at the Urengoy field, which increased the production yield of the well almost nine times, has been carried out by Rospan International.

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