Russia Oil and Gas

TAIF develops programs to increase industrial safety for Kazanorgsintez and Nizhnekamskneftekhim.

The TAIF group had formed programs to increase the industrial safety of its enterprises, including Kazanorgsintez and Nizhnekamskneftekhim, the Deputy General Director of TAIF Ruslan Gizatullin sta

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Wintershall makes loses on exchange rate

The strategic decision of Wintershall - now the key partner of Gazprom in Europe - to exchange assets with the Russian monopoly has led to the drop in the financial performances of the German energ

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Transneft’s revenue from oil pumping to China in 2016 fell by 10.5% to 126.67 bln roubles

Transneft’s revenue from oil pumping to China in 2016 fell by 10.54% to 126.67 bln roubles, is said in the company’s report under IAS.

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Gazprom and Eni plan to establish cooperation in LNG field

Gazprom and Italian company Eni will consider options for the cooperation with liquefied natural gas in the framework of the signed memorandum of understanding, Eni reports.

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Polypropylene production in Russia fell by 2% in January-February 2017

The domestic enterprises reduced polypropylene production by 2% in January –February 2017. Neftechemiya significantly reduced the loading of capacities.

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Lukoil plans to increase APG utilization to 95% until the end of 2018

By the end of 2018 Lukoil plans to increase APG utilization from the current 92% to 95%, the company says.

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S&P improves forecasts for ratings of 13 Russian companies and their subsidiaries to “positive”

The international rating agency Standard & Poor's (S&P) has improved the outlook for long-term foreign and local currency ratings of 13 Russian companies and their subsidiaries to &quot

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Oil extraction grew by almost 130% in Yamal Nenets Autonomous Area

For the first time in 12 years the Yamal Nenets Autonomous Area states the growth of oil extraction in the region by 129.1% at once.

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Russia increased oil extraction by 4.7%, exports – by 4.6% in January

The volume of oil extraction (including gas condensate) in Russia in January made up 46.5 mln tons, which is by 4.75 higher than in January 2016 and by 0.8% higher than in December 2016, Rosstat re

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Goldman Sachs: Boom of projects in oil production due to deal of OPEC to entail surplus of oil in 2018

The reduction in the production by the OPEC countries and Russia, which led to the increase in the oil prices, could provoke a boom in the oil production projects in the next three years.

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