Russia Oil and Gas

Since the beginning of the year, Sibneft-Chukotka produced over 12 mln cubic meters of gas

Sibneft-Chukotka, the only gas production enterprise in the Chukotka autonomous district, has received 12.392 million cubic meters of gas since the beginning of the year.

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Gazpromneft produces 1 mln tons in Iraqi Kurdistan

Gazpromneft Middle East B. V., a subsidiary of Gazpromneft, has produced 1 million tons of oil at the Garmian field in Iraqi Kurdistan. Gazpromneft reported this on June 15, 2018.

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RussNeft supports increase in quotas for oil production within OPEC+

Russneft is in favor of continuing the OPEC agreement with independent oil producers to reduce oil production (the OPEC+ deal), while production quotas under the agreement should be increased.

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In 2017, Surgutneftegaz launched 5 fields and plans to start production at four more in the next 3 years

In 2017, Surgutneftegaz launched five deposits: n.a. I. N. Logachyov, Sakhalinskoye, South-Konitlorskoye, n.a. A. V.

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Novak comments on possible softening of OPEC+ deal’s conditions

Countries participating in the OPEC+ agreement to reduce oil production should get the same opportunities in connection with the adoption of new conditions to mitigate the transaction.

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Federal Agency on Subsoil Usage extend license for RNG’s field for 100 years

The Federal Agency on Subsoil Usage has renewed license of RNG for geological exploration and production at the Eastern blocks of the Srednebotuobinskoye oil and gas condensate field until the end

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Russia and Saudi Arabia to replace decline in oil production in Venezuela and Iran

Russia and Saudi Arabia are ready to increase oil production by 1.5 million barrels per day to compensate for the decline in production in Venezuela and the potential withdrawal of Iranian oil from

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Total investments in upgrade of Orsk refinery to reach 64 billion rubles

The volume of investments in the modernization of the Orsk refinery (part of Mikhail Gutseriev's SAFMAR) will be 64 billion rubles, the governor of the Orenburg region Yuri Berg, said.

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Gazprom is the first Russian energy company to conduct an independent audit of greenhouse gas emissions

Gazprom conducted an independent audit of corporate information on greenhouse gas emissions. This was announced by Gazprom on June 13, 2018.

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Gazpromneft receives licenses for South-Novoportovsky and Surovy sites on Yamal

Gazpromneft has received from the Ministry of Natural Resources and Environment of the Russian Federation licenses for the right to search and evaluate mineral deposits within the South-Novoportovs

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