The world oil stocks currently exceed the average 5-year values by 280-300 million barrels, said the head of the Russian Ministry of Energy Alexander Novak in an interview with the Russia 24.
The Irkutsk Oil Company will allocate more than 100 million rubles for the development of the Irkutsk region by the end of this year.
Federal Agency on Subsoil Usage considers the Barents Sea and the Yenisei-Khatanga trough are the most promising for the discovery of new depositsEdited by Rhod Mackenzie / 2017-03-30 10:51:15
In Russia, a number of lar
The stake of oil extraction in the Arctic zone of Russia in the total volume of oil extraction in Russia will grow from 17% to 22% by 2035, the Minister of Energy, A. Novak, said.
The Ministry of Finance considers the abolition of the export duty on oil to be correct, but is ready to discuss this only from 2019-2020, the head of the department of tax and customs policy of th
Rosneft and Gazpromneft will compete for the field with a price tag of at least 7 billion roubles.
Russian companies have reached agreements on the development of large hydrocarbon fields in Iran.
Gazpromneft Badra, a subsidiary of Gazpromneft, has increased the daily production at the Badra field in Iraq to 80 thosuand barrels, Gazpromneft reports.
The Spanish company Repsol may establish a joint venture with Gazpromneft to develop oil fields in the Khanty-Mansiysk autonomous district.
LUKOIL is considering the possibility of selling up to 30% of its petrol stations in Russia due to a drop in the profitability of the business.