Russia Oil and Gas

Gazprom is in profit within three quarters of 2018.

From January to September Gazprom's net profit under RAS amounted to 395.1 billion roubles, according to a report of the Russian gas holding.

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Russian Ministry of Transport creates plan of the Arctic development

In pursuance of the presidential decree to increase cargo traffic on the Northern Sea Route to 80 million tons by 2024, the Ministry of Transport has developed a draft consolidated plan for the dev

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Gazprom increases estimate of gas supplies via Power of Siberia to 48 billion cubic meters

Gazprom has increased the estimate of gas supplies via the Power of Siberia pipeline to 48 billion cubic meters, including export deliveries to China in the amount of 38 billion cubic meters a year

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Rosgeology to begin exploration of new field in Bahrain at the end of 2018

Bahrain entered into an agreement with Rosgeology, which will begin in late 2018 a large-scale survey in the area of discovery of a new oil field in the Persian Gulf.

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Russian gas is more profitable for Armenia than Iranian

The Acting Minister of Energy Infrastructures and Natural Resources of Armenia Garegin Baghramyan said on Tuesday that Iran offered gas to Armenia on terms less favorable than current purchases fro

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Gazpromneft intends to start pumping APG from East Messoyakha in formation in 2020

Gazpromneft has intended to increase level of rational use of associated petroleum gas (APG) in the territory of Messoyakha license sites to 95% in the coming years.

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By 2040, Russia to lose 1/6 of its production

The International Energy Agency has expected a strong drop in oil and gas condensate production in Russia by 2040.

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TANECO to receive catalyic cracking unit by Volgogradneftemash

In early November, Volgogradneftemash shipped the reactor-regenerative block of the catalytic cracking unit to TANECO, the company's press service reports.

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Russia to become one of the largest LNG exporters in the world, maintaining status the largest supplier of gas to Europe

Russia will remain the main supplier of natural gas to the EU until 2040, but its position will be slightly weakened.

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Russia sets new post-Soviet oil production record

Oil production in Russia reached a new record level in the post-Soviet period.

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