Russia Oil and Gas

Kazanorgsintez resumes production of polyethylene after planned stoppage

On May 5, Kazanorgsintez (part of TAIF Group) started a sequential launch of its facilities for production of high-pressure polyethylene after a stop for scheduled preventive maintenance, Market Re

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Foundation for mounting large-capacity equipment for Amur gas processing plant prepared

The next stage of construction work has been completed at the site of the Amur gas processing plant - preparation of foundations for large-capacity equipment of the third technological line of the

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In Q1 2019, Lukoil increased production of hydrocarbons by 4.1%

In the first quarter of 2019, average daily production of hydrocarbons by Lukoil Group amounted to 2.4 million barrels of oil equivalent, which is by 4.1% more than in the same period of the previo

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Crisis with contaminated oil helps Russia to fulfill deal with OPEC+

For the first time since the beginning of the year, Russia has fully fulfilled its obligations under the OPEC+ deal to reduce oil production.

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The Nord Stream of Contention: the USA to impose sanctions on its partners in an attempt to annoy Russia.

The pipeline will be built, but the relations between the states and Europe may no longer be the same. The United States will impose sanctions on its partners in an attempt to annoy Russia.

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Tatneft does not use organic chlorides for oil recovery.

Tatneft does not use organic chlorides. Raw materials, delivered to the Transneft system, according to laboratory samples, comply with technical standards.

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Rosneft rejects VNKhK because of its unprofitability

After 10 years, Rosneft has officially announced abandonment of the VNLhL project in Primorye, declaring it unprofitable.

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LUKOIL boosts production with the help of projects in Uzbekistan.

In Q1 2019 LUKOIL increased oil production by 1.5% compared to the same period in 2018. Without the West Qurna-2 project 21.2 million tons were produced.

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In May 2019 oil and gas revenues to the budget of the Russian Federation are expected to reach 314.4 billion rubles

The amount of additional oil and gas revenues of the federal budget in May 2019 is forecasted at 314.4 billion rubles. This was reported by the Ministry of Finance of the Russian Federation.

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