Russia Oil and Gas

In 2018, Russia’s income from export of oil grew by 38%, gas – by 28.8%

In 2018, Russia's revenues from oil exports increased by 38.2% in annual comparison and amounted to $129.05 billion.

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In 2019, Gazprom intends to optimize costs by 174 bln rubles

Gazprom has planned economic effect of implementation of measures under the cost optimization program in 2019 in the amount of more than 174 billion rubles, the gas holding company reported in its

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S&P increases Rosneft rating to BBB-

S&P Global Ratings has raised issuer long-term credit rating of Rosneft in foreign and national currencies to the level of BBB- from the level of BB+.

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Atyrau refinery plans to increase the supply of benzene to Russia

The Atyrau refinery plans to increase the volume of benzene shipments to Russia in February to 2-3 thousand tons, compared with 1.8 thousand tons in January.

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Gazprom to place 7-year Eurobonds for $1.25 billion with a yield of 5.15%

Gazprom will place seven-year Eurobonds in the amount of $1.25 billion with a yield of 5.15% per annum, a source in financial circles told the Prime news agency.

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Austrian OMV financed Nord Stream-2 for €275 million in 2018

The Austrian oil and gas company OMV allocated €275 million in 2018 to finance the construction of the Nord Stream-2 gas pipeline, OMV materials say.

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Rosneft is confident in Venezuela, but makes new foreign investments in Kurdistan

Rosneft, which is the largest Russian and one of the largest foreign investors in Venezuela, considers the socio-political crisis in the country a "temporary phenomenon".

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Karpatneftekhim imports 103 thousand tons of liquefied gas in 2018

The Ukrainian producer of petrochemical products Karpatneftekhim (Kalush) imported 103.1 thousand tons of liquefied gas in 2018. About 99% of LPG comes from Russia.

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In 2018, Krasnoyarsk region increased oil production by almost 25 mln tons

In 2018, oil and gas condensate production in the Krasnoyarsk region increased by almost 5% compared to 2017 to 24.64 million tons.

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Moody's speaks about impact of sanctions against PDVSA on Rosneft enterprises

US sanctions against PDVSA will limit the financial and operational flexibility of the five Rosneft joint ventures in Venezuela, a report by the international rating agency Moody's states.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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