Russia Oil and Gas

Murmansk region is at the beginning of the path that leads to the status of the competence center for the development and exploration of the Arctic - Marina Kovtun.

Oil and gas company "NOVATEK" examines the Murmansk region as the most promising area for the deployment of the production capacities for the construction of the offshore platforms, as well as for the facilities for the preparation and processing of hydrocarbons, Leonid Michelson, the chairman of the JSC "Novatek"’s board during a working meeting with the acting governor of the Murmansk region Marina Kovtun.
The gas company management and Alexey Rakhmanov, the president of the "United Shipbuilding Corporation" ("USC"), met with the platforms of the Murmansk region for the development of oil and gas sector, the potential of the port and the industrial infrastructure of the shipyards in the area during the business trip.

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Oettinger and Novak may conduct meeting in Moscow on gas next week

Bilateral meeting of the EU Energy Commissioner Guenther Oettinger and the Russian Energy Minister Alexander Novak on the gas issue may take place in Moscow next week, the Russia's permanent representative to the EU Vladimir Chizhov told the RIA Novosti.

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Rosneft starts to supply fuel to Chinese airline company Hainan Airlines

RN-Aero and the largest private airline company of China, Hainan Airlines have signed a contract for the supply of jet fuel for the first time. Rosneft's subsidiary began the refueling of Hainan Airlines’s planes in Sheremetyevo in July 2014, the company’s press centre.
The monthly volume of the refuelling of the Chinese airline company’ planes at the airport will be up to 1.2 thousand tons.
"The development of the partnerships with the leading world and Russian airline companies is a key priority of the RN-Aero’s development strategy," – the company says.

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Sechin: US sanctions don’t affect current work between Rosneft and ExxonMobil

The US sanctions don’t affect current work between Rosneft and ExxonMobil, the President of Rosneft, I. Sechin, said on Wednesday.
On Wednesday the US Government introduced new sanctions in respect of the Russian companies, including Gazprombank and VEB as well as the energy companies Rosneft and Novatek. In particular, they don’t have the access to the US financial markets and the American companies and individuals are not allowed to issue loans for companies for more than 90 days. Also the USA might pressurize any foreign companies running their business in the USA demanding them to stop their business with the Russian companies-members of the sanctions list.

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Bashneft’s shares arrested

It might be connected with the investigation of the Investigative Committee of Russia.
Kommersant has learnt that the arrest of 71.8% of Bashneft’s shares belonging to AFK Systema might be connected with the investigation of the circumstances of the company’s shares and assets consolidation in early-mid 2000s held by the Investigative Committee of Russia. As a result Bashneft’s shares might be frozen for an undetermined period that puts under threat the planned for the autumn SPO. They say in the market that Bashneft’s problems might be connected with the intention of other large players to purchase the company and the SPO aims at protecting them from that.

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The USA sharply toughens sanctions against Russia: Vnesheconombank, Gazprombank, Rosneft and a number of giants of Russian military industrial sector are in the firing line

Washington has announced the introduction of new santions - the most severe since the conflict around the Ukraine began - sanctions against Russian individuals and entities. This time the sanctions list includes deputies, senior officials and the security forces, as well as a number of major companies, including Vnesheconombank, Gazprombank, Rosneft, Almaz-Antey and Kalashnikov. The Russian Foreign Ministry called Washington's actions "outrageous".
The new sanctions list was published on the night of July 17th, on the website of the U.S. Ministry of Finance. The document says that is now entrance to the country is banned for following citizens of the Russian Federation: the vice-speaker of the State Duma, Sergei Neverov, the Minister for Crimea, Oleg Savelyev, presidential aide, Igor Shchegolev, FSB Colonel-General, Sergei Beseda, as well as one of the leaders of proclaimed Donetsk people's republic Alexander Boroday. If their assets in the U.S. territory are found, they will be frozen.

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I.Sechin. US sanctions against Rosneft are illegal and groundless

The sanctions of the USA against Rosneft are illegal and unreasonable and, what is more, they hurt the interests of American partners. President of “Rosneft” I.Sechin says.
“The decision on the imposing of sanctions against Rosneft is illegal, personal, unreasonable, as the company has nothing to do with the Ukraine, he said. This decision hurt the interests of American shareholders of the companies and banks, which cooperate on credit agreements. It is very sad,” Sechin said.
According to him, as Rosneft is a major budget revenue generating company, the aim of the sanctions is not Rosneft, but an implementation of its own independent policy by Russia. Sechin named the efforts of the USA an “attempt to worsen the economy for Russian citizens.”
He has added that Rosneft needs to hold legal consulting and decide on follow-up actions. “We will do that in one of these days,” RBK writes, citing I.Sechin.

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Current daily gas production of "Gazprom" falls below the lowest level of the decade due to the cessation of gas supplies to Ukraine.

Current daily gas production of "Gazprom" has fallen to below the lowest levels of the decade due to the cessation of gas supplies to Ukraine and the decline in exports to non-CIS countries after a warm winter.
As shown in the data of Central Dispatch Department of the Fuel and Energy Sector, on July 14th, 2014 "Gazprom" has extracted only 882.8 million cubic meters of gas. In the past, the 2013 annual minimum production was fixed at 1,044.5 billion cubic meters, and within the last five years (the period of the Gas Information Agency observation) the minimum was registered in 2009 - 891.7 million cubic meters.
On June 16th "Gazprom" moved the Ukraine to the prepay system – i.e. it stopped supplying gas to "Naftogaz of the Ukraine". A sharp (about 100 million cubic meters) decrease in deliveries was smoothed by the decrease in the production at 33 million cubic meters a day, according to the Central Dispatch Department, and the growth of gas injection into the underground storages Russia in amount of approximately 65 million cubic meters (primarily in Russia's largest North Stavropol UGS - 23 million cubic meters).

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Gazprom is setting anti-records in production due to the fall in exports and stop in supplies to the Ukraine

Gazprom reduces production. Current daily production falls lower than the minimal records for these 10 years due to the fall in exports to far abroad after warm winter and stop in supplies to the Ukraine. On July 14, Gazprom extracted only 882.8 million cubic m of gas. In 2013, minimal production was fixed at a level of 1,044.5 million cubic m, and the minimal level for 5 years was demonstrated in 2009, at a rate of 891.7 million cubic m.

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In H1 of 2014, export of Russian oil through Kozmino grew by 10.3% to 11.7 million tons

In January-June 2014, the port of Kozmino shipped 117 oil shipments, of 100 thousand tons each; the total volume made up 11.7 million tons that is by 10.3% more than in the same period in 2013.
The main consignee of ESPO oil were Japan, where 4.4 million tons (37.6%) were supplied, and China - 2.4 million tons (20.5%).
South Korea imported 1.7 million tons (14.5%), the Philippines - 0.9 million tons (7.7%), Thailand - 0.8 million tons (6.8%), Malaysia - 0.75 million tons (6 , 4%), New Zealand - 0.3 million tons (2.6%), Singapore - 0.27 million tons (2.3%), Taiwan - 0.1 million tons (0.9%) and Indonesia - 0.08 million tons (0.7%).
Since the beginning of 2014, ​​11.1 million tons were received via the ESPO-2 oil pipeline, and 0.6 million tons (5.2%) – via the Far Eastern railway.
Thus, the port receives 94.8% of oil through the main oil pipeline. In the coming months, it’s planned to maintain the same ratio.

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