Oil, Oil and Gas

Kazakhstan is ready to discuss transit of Russian oil to Uzbekistan

Kazakhstan's National Oil and Gas Company KazMunayGas (KMG) is ready to consider the possibility of the transit of Russian oil to Uzbekistan, the country’s Energy Minister Kanat Bozumabay

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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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The Ukraine plans to increase the supply of the Azerbaijani oil.

In the future PJSC Ukrtransnafta (operator of the oil transportation system of the Ukraine) planned to increase the volumes of Azeri Light oil deliveries to the Kremenchug refinery up to 1.9 millio

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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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Russia surpasses Saudi Arabia in oil production.

In January 2017 Russia surpassed Saudi Arabia on average daily oil production, Rosstat reports.

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At least 3% of fields with different minerals in Russia are undistributed

The share of the undistributed subsoil fund in Russia for different types of minerals is at least 3%, said today the Minister of Natural Resources Sergei Donskoy at the meeting with President Vladi

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Tatneft extracted about 2 mln tons of super-viscous oil

On March 20th 2017 a meeting of the Board of Directors of Tatneft took place in Kazan where the results of the budget execution by the company in January-February 2017 were summed up and

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Orenburgneft increases oil extraction at Bobrovsky deposit

Despite of the fact that 70 mln tons have been already extracted there since 1964.

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