Russia Oil and Gas

Sechin: Rosneft not to leave Venezuela

Rosneft doesn’t plan to leave Venezuela, head of the company Igor Sechin told reporters.

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Latvian companies ask the authorities to compensate them for the lost profit of Nord Stream-2

Two Latvian companies have demanded from the Latvian authorities to compensate them for their incomplete income in the amount of €8.3 million  because the Cabinet previously forbade 

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Stavropol Polipak to build enterprise in Belarus

In the free economic zone "Gomel-Raton" of Belarus, by the end of 2017, subsidiary of Polipak will start working on the production of packaging for the food and pharmaceutical industries.

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Beijing Gas Group Company Ltd. Interested in oil and gas sites in Yakutia

In the framework of the working visit of the Republic of Sakha’s delegation to China, a meeting was held with representatives of Beijing Gas Group Company Ltd. in Beijing.

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Rosneft to go back to issue of paying dividends in the amount of 50% of its profit on results of 2017

Rosneft will return to the issue of paying dividends at the rate of 50% of the profit on results of 2017, the chief executive officer of the company Igor Sechin told reporters.

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Lukoil plans to complete drilling of the first well at the East-Taimyrsky site before the end of the year

Lukoil plans to complete drilling of the first well at the East-Taimyrsky site in the Krasnoyarsk region before the end of 2017, head of the company Vagit Alekperov told reporters.

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Tatneft to double production of natural bitumen

In 2017, Tatneft plans to produce 1.6 million tons of extra-viscous oil (natural bitumen) against 842 thousand tons in 2016. Next year, the production is expected to be around 2 million tons.

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Shareholders of LUKOIL approve dividends in the amount of 195 roubles per share.

At the annual meeting of shareholders the shareholders of OC "LUKOIL" approved dividends for the results of 2016 in the amount of 195 roubles per share, taking into account interim divide

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Operational drilling and testing of wells helps RussNeft to increase oil reserves by 25.8 million tons.

According to the results of H1 2017, RussNeft increased oil reserves in the amount of 25.8 million tons, the press service of RussNeft announced on June 21, 2017.

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Gazprom reports about measures, taking to solve problems with gas quality in Yamal-Europe gas pipeline

Gazprom is taking all necessary measures to solve the quality problem with gas that is being supplied to the Yamal-Europe main gas pipeline.

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