Surgutneftegaz, Metals and mining

Izhneftemash extends cooperation with Surgutneftegaz

During this year, the Izhevsk enterprise of Rimera will ship large quantities of tubing couplings of pumping and compression pipe of various sizes to the address of Surgutneftegaz.

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ChTPZ and Surgutneftegaz sign agreement on cooperation

The ChTPZ Group (Chelyabinsk pipe rolling plant) and Surgutneftegaz have signed an agreement on strategic cooperation until 2020.
"ChTPZ and Surgutneftegaz are long-term partners. Our companies are close in spirit: we place great emphasis on the culture of production, actively develop import-substituting products and technologies, continuously work to improve the quality. The signed agreement aims to strengthen the partnership of ChTPZ and Surgutneftegaz and to make it more effective, including in scientific and technical sphere," - said general director of ChTPZ Alexander Grubman.

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Oil extraction in Russia rose by 5.3% to 43 mln tons in February

​Oil extraction in Russia rose by 5.3% to 43.064 mln tons in February 2016 against Feb 2015, the Central Dispatch Management of the Fuel and Energy sector reports.
Bashneft stayed the leader on the growth of oil extraction in February. The extraction made up 1.643 mln tons, by 11.4% more than in Feb 2015.
The extraction growth in February was also shown by Gazprom Neft – by 7.8% to 4.43 mln tons, Surgutneftegas – by 3% to 4.867 mln tons, Tatneft – by 8.4% to 2.213 mln tons.
Rosneft and Lukoil managed to increase the extraction (Rosneft by 2.9% to 15.828 mln tons, Lukoil- 0.1% to 6.673 mln tons), in January they reduced the extraction results.

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The largest Russian oil companies look to the President for protection

As the Kommersant has got to know, scandal arose around the new government policy on procurement and import substitution. The seven largest Russian oil and gas companies declaimed against it. They are dissatisfied with a bill, already approved by the State Duma in the first reading, which puts the industry under special control, creating the risk of disclosure of business information and reducing the use of schemes to circumvent sanctions. The document is fraught with problems in other industries too, but not everybody has read it carefully there. The oil companies believe that the Parliament Building incorrectly interpreted the ideas of Vladimir Putin. He will be able to clarify the situation at a special meeting with the Government today.
In mid-April, leaders of Rosneft, Lukoil, Gazpromneft, Zarubezhneft, Bashneft, Surgutneftegaz and Novatek wrote a letter to Vladimir Putin, criticized the amendments to the Federal Law "On Procurements". The latter were developed on the basis of the President's speech to the Federal Assembly in December 2014. He proposed to create "a special coordination centre, task of which will be to link the implementation of major projects with the placement of orders at Russian companies". "We need to remove the critical dependence on foreign technology and industrial products," - said the President. In March, the Prime Minister Dmitry Medvedev reported that he would head the new agency, on April 21, the State Duma approved the corresponding draft law in the first reading.

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"Rosneft" is against giving the competitors access to the shelf

The state company is against giving the competitors access to it.
"Rosneft" has entered into an open struggle against the liberalization of access to the Russian shelf, accusing the RF Ministry of Natural Resources of lobbying the interests of LUKOIL. According to "the Kommersant", in March Igor Sechin began to defend his point of view, with less care about its risk of exploration monopolizing by state "Rosgeologiya", which also follows the proposals of the RF Ministry of Environment. Deputy Prime Minister Aleksandr Khloponin, the RF Ministry of Energy and the RF Ministry of Economy support the Ministry. But the Prime Minister Dmitriy Medvedev, according to sources of "the Kommersan", is closer to the position of Igor Sechin, and in any case Vladimir Putin will make the decision.

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"Surgutneftegas" launches into operation the first drilling rig produced by "Uralmash".

BU 4000/250 EK-BMCH rig of "Uralmash NGO Holding" production was commissioned on the East Surgut field.
This is the first of the ten rigs manufactured by "Uralmash NGO Holding" for "Surgutneftegas".

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"Surgutneftegas" asks the authorities to carefully select the suppliers for import substitution.

The RF Ministry of Industry and RF Ministry of Energy have already checked 280 companies.
General Director of "Surgutneftegaz" Vladimir Bogdanov believes that the RF Ministry of Industry shall conduct technical audit of the factories applying for participation in the program of import substitution in the fuel and energy sector. According to him, currently there are a lot of applications from potential manufacturers, but before working with them, it is necessary to check whether they can produce high-tech equipment: "We have such a request to the RF Ministry of Industry and Trade in order to approach carefully to the selection of companies, even to spend a month on it". Thus "Surgutneftegaz" itself never focused on imported equipment, Bogdanov assured: "We have always engaged in new technologies. Together with our subcontractors - mechanical engineers, chemists, etc. - developed new equipment or materials. Over the past 15 years we achieved much".

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"Surgutneftegas" and NLMK benefit from the weak rouble.

"The revenue for the companies is in dollars, while the majority of their costs are in roubles, so the weak rouble makes the costs in dollar terms less", - the UBS analyst, Konstantin Cherepanov is happy for the raw materials and metallurgical companies. According to Bank of America Merrill Lynch estimates the revenue of the oil companies can grow by almost 5% with the 10% devaluation of the rouble. The effect of a weak rouble is more visible for the metallurgists - this year's change of course will give some of them an additional 12% rouble revenue.
Oil and Gas.
The underrun of the oil and gas industry is due to the fact that rapid devaluation only compensates for the drop in the oil prices. So raw materials of the Brent brand fell by 16.8% to $ 92.19 per barrel since the beginning of the year, the rouble over the same period depreciated against the American currency by 22.5%. In this case, since the beginning of Q3 the oil and the ruble are on a par – the currency fell within that period by 18.2%, and the oil - by 18%.

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Japan will be engaged with geological exploration in Siberia and Far East

Rosgeo negotiates with the Japanese Inpex Corporation, Japex and the National Oil and Gas Corporation about cooperation in geological exploration of hydrocarbons and solid minerals in Eastern Siberia and Far East. The sides discuss development of well drilling technologies onshore and offshore, and development of hard-extractable and non-traditional hydrocarbon resources.
Eastern Siberia and Far East are the most important regions from the point of view of development of the Russian resource base. The strategy of Rosgeo presupposes activation of the work there in near years.

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In 2014, Yakutia will increase oil production by 30%

In 2014, Yakutia will increase oil production by 30% to 9.9 million tons, the Minister of Economy of the region O. Fyodorova says. She claims that the sector stably develops in the region. Under the preliminary forecast, in 2013 Rosneft owning Taas-Yuryakh Neftegazdobycha extracted over 1 million tons of oil in Yakutia, by 5.5 times more than in 2013. Surgutneftegaz increased production as well. In 2014, they are going to increase production by 22.4% to 8.8 million tons. Besides from that, in September 2013, Rosneft bought 100% in Irilyakhneft from Alrosa.

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