Russia Oil and Gas

In H1, Surgutneftegaz reduced production by 1.6% to 30.1 mln tons

In January-June of 2017, production of Surgutneftegaz decreased by 1.6% to 30.1 million tons, the company's report says.

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In January-July, import of low-pressure polyethylene in Russia grew by 49%

The import of polyethylene to the Russian market increased by 7% in January-July of the current year.

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Latvia continues to squeeze out Gazprom from Latvijas Gaze.

The Latvian gas monopoly, Latvijas Gaze, continues to squeeze out Gazprom and Rosneft from the company.

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Zarubezhneft puts its stake on Iran

Zarubezhneft as part of a consortium with Turkish Unit and Iranian Ghadir can invest $7 billion in production projects in Iran. Now, to maintain the production, the company needs new assets.

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YaNАD to remain the main gas producing region of Russia.

The Yamalo-Nenets Autonomous District will remain the main gas producing region of the country until 2025, 63 percent of Russia's reserves are concentrated here.

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Tatneft and Oktyabrsky Packer create TAPART plant

Tatneft and Packer (Oktyabrsky, Bashkiria) will create a joint venture TAPART in the Yutazinsky district of Tatarstan.

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Gazprom recognizes reserves of Tambey fields

Gazprom starts formally recognizing the reserves of three deposits of the Tambey Group, which are now  being considered one giant field with a total reserve level of about 6 trillion cubic met

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In H1 2017 the net profit of SIBUR increases by 4%.

Within H1 2017 the net profit of the largest petrochemical holding SIBUR according to the International Financial Reporting Standards (IFRS) increased by 4% to 65.8 billion roubles compared to the

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In H1, Gazprom reduced export of LNG by 31%

In January-June 2017, the export of liquefied natural gas of Gazprom decreased by 30.92% compared to the previous year and amounted to 1.595 billion cubic meters, the company's quarterly report

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Usishinsky hydrocarbon site in the Astrakhan region put up for auction

The Subsoil Use Department for the Southern Federal District has put up the Ushishinsky subsoil site in the Astrakhan region for auction. This was announced on August 15, 2017.

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