Oil and Gas, China Oil and Gas

Profit of Udmurtneft under IAS fell by 12% in 2016 to 22.3 bln roubles

The profit of Udmurtneft, a JV of Rosneft and Sinopec, under IAS fell by 12% on the results of 2016 against 2015 to 22.34 bln roubles.

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Udmurtneft increased its reserves by more than 10 times in 2016

On the results of the successful realization of the geological exploration program, the growth of reserves of Udmurtneft under B1/C1 in 2016 made up about 25 mln tons of oil, which is by more than

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CNPC to start the development of new gas fields in Uzbekistan in 2017.

In H2 2017 the Uzbek-Chinese joint venture New Silk Road Oil & Gas Company Ltd will begin the construction and production of gas at the fields of the Karakul investment block (the Bukhara Regio

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In 2017, CNPC to start development of new gas fields in Uzbekistan

In the second half of 2017, the Uzbek-Chinese joint venture New Silk Road Oil & Gas Company Ltd will begin the construction and production of gas at the fields of the Karakul investment block (

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Sibur waits for peak of demand for rubber

In 2016, the largest Russian petrochemical holding company Sibur increased its net profit 18 times to 111 billion rubles, and the revenue - by 8.4%, mainly due to the growth in the production of po

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CNPC is ready to develop long-term plan of cooperation with SOCAR

The Chinese National Oil and Gas Corporation (CNPC) is ready to develop a long-term strategic plan for cooperation with such Azerbaijani partners as SOCAR.

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Kazakhstan increased the tariff for Russian oil pumping to China to $11.36/ton

The Ministry of Energy of Kazakhstan has approved the tariff for Russian oil pumping to China at $11.36/ton (VAT excluded).

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Russian Direct Investment Fund interested in drilling

Two years after the failure of the transaction to sell 46% stake to Schlumberger, which could become the largest on the Russian oilfield services market, shareholders of Eurasia Drilling Company (E

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Gazprom again offers Sakhalin gas to China

Gazprom has announced the beginning of commercial negotiations with Chinese company CNPC on pipeline supplies of gas from Sakhalin.

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LUKOIL gets out of the Aral Sea.

The Company closes the project with CNPC and "Uzbekneftegaz".

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