Surgutneftegaz

Reuters: Russian oil companies want to change export contracts for protection from sanctions

Surgutneftegaz and Gazpromneft want to make changes to export contracts that will allow them to protect themselves from the consequences of possible US sanctions against the Russian oil and gas sec

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In January-October 2018, oil production in Russia grew by 1.1%, export fell by 1.4%

In January-October 2018, oil production in Russia increased by 1.1% compared to the same period in 2017 and amounted to 460.815 million tons.

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In the first 9 months, Surgutneftegaz’s net profit under RAS grew 6.6 times, analysts expect slowdown of profit growth

In the first 9 months of 2018, the net profit of Surgutneftegaz under RAS increased 6.6 times to 598.269 billion rubles, as it follows from the company's statements.

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Refineries may suffer billions in losses due to new rules for refueling vessels

Reducing the maximum sulfur concentration in marine fuel from 2020 may reduce the demand for bunker fuel oil, which may resultin decline of revenue of the Russian oil companies and it may decline b

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Surgutneftegaz begins development of another field in the north of the Lensk District.

PJSC "Surgutneftegaz" begins the development of a new field in the north of the Lensk District: 90 kilometers from the village of Bechencha.

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Russian Energy Ministry agrees to increase petrol sale on commodity exchange

The Russian Government is finalizing a mechanism that is expected to allow fuel prices to be controlled in 2019.

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In September, Surgutneftegaz and Tatneft increased oil production above level of October 2016

In September 2018, Surgutneftegaz and Tatneft restored the average daily oil production to the level of October 2016, which is the basic level in the framework of the agreement between Russia and O

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Surgutneftegaz expects oil production at the level of 2017

In 2018, oil production of Surgutneftegaz is expected to be around the level of 2017. This was announced by general director of the company Vladimir Bogdanov.

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Oil pulls the Russian market into a plus.

The Russian stock market opens a new week and a month with growth. The MosBirzha index in the first minutes grows by 0.5% to 2,486.03 points, the RTS index rises by 0.09% to 1,193.11 points.

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FAS wants to make 17.5% rate a condition for issue of license for production

The Federal Antimonopoly Service has proposed to make the supply of 17.5% of production for domestic oil processing a mandatory condition for the issuance of licenses for subsoil sites.

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