Russia Oil and Gas

Chayanda deposit might annually produce 2 mln tons of gas condensate

Gazprom has assessed the opportunities of the Chayanda oil and gas condensate deposit on the gas condensate production at 2 mln tons a year, the head of the oil export department of “Gazprom

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Rosneft hopes that the first well at the Zohr field in Egypt to be launched before the end of 2017

The first well at the Zohr gas field on the Mediterranean shelf near the coast of Egypt will be put into commercial operation before the end of 2017. Head of Rosneft I.

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Gas condensate production in Russia fell by more than 5% in Q1

Gas condensate production in Russia fell by 5.3% on the results of Q1 2017, chief specialist of the department of monitoring of oil industry of the Central Dispatch Management of the Fuel and Energ

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Lukoil supports prolongation of agreement on oil production reduction

“Lukoil supports the extension of the agreement on the reduction of oil production, since it helped add $10-15 per barrel to the price of oil,” -  the company's vice-president

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Russneft supports prolongation of Vienna agreement on oil production

Russneft has supported the proposal to extend the terms of the agreement on oil production.

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LUKOIL upgrades oil-chemical processing by 2.4% for January-March.

LUKOIL increased crude oil refining at its refineries by 2.4% in Q1. The growth is due to increased capacity utilization at factories in Perm, Volgograd and Burgas.

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European Commission wants to discuss standards for Nord Stream-2 with Russia

The European Commission wants to get the right to negotiate with Russia on the establishment of a special legal rules structure that will be applied to the Nord Stream-2 gas pipeline, but it i

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Claims against Sistema could grow to 180 billion roubles – Sechin.

Currently Rosneft and Bashneft demand from it 106.6 billion roubles.

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Ufaorgsintez cuts clear profit by 9%, revenue - by 8% for Q1.

Ufaorgsintez (UOS, the key petrochemical asset of Bashneft) reduced its net profit by 9% in Q1. The company's revenue decreased by 8%, as follows from the accounting reporting of the USE.

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FAS approves purchase of 51% in LNG terminal of Kriogaz-Vysotsk by Novatek

The Federal Antimonopoly Service has granted the petition of Novatek to acquire the right to dispose of a 51-percent stake in the authorized capital of Kriogaz-Vysotsk.

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