West Siberian, Oil and Gas
The state companies Tatneft, RFPI and Rosneft compete for Bashneft purchase
One of the largest American newspapers The New York Times has published the article about undesirability of the Altai gas pipeline construction because it will ‘reduce Russia's vulnerability to punitive actions from the West’. Though, New York Times names ecological risks as a more ‘civilized’ argument against the construction.
‘Ahead of a key meeting of global leaders in Beijing, Russian officials say that negotiations are heating up with China for the possible second major energy deal this year’, - New York Times writes (InoTV cites). ‘ If signed, the pact would authorize a new pipeline that could double the amount of natural gas Russia that is scheduled to be exported to China and elevate Russia into a major supplier there. It would also expand the market for exports from Russia, which has been hit hard by American and European Union sanctions. About 80 percent of Russia’s piped natural gas now goes to Europe’.
Last week the chief of Gazprom, A. Miller announced at the meeting with the President Putin the intentions of the company to close the contract for annual gas supplies to China of 30 billion cubic m within 30 years. They are able to enlarge the supplies to 100 billion cubic m.
Total has decided to postpone cooperation with Lukoil in joint development of a number of West Siberian deposits due to the western sanctions against Russia, the chief of the company C. de Margerie says. He claims that the project was not launched at all, so, the stop won’t influence anybody.
Meanwhile, last week the CEO of Total’s subsidiary J. de Boisseson said that the company was not going to cease operation due to the sanctions.
Translated by Nadezhda Poltoratskaya
Gazprom has started negotiation for supplies of 30 billion cubic m of gas to China over the next 30 years, the Chairman of the management board of the company A. Miller says at the meeting with the President of Russia V. Putin. Gazprom has made public within the negotiations the volumes on the new contracts via the western route. It analyzes possible gas supplies to China of 60 billion cubic, including up to 100 billion cubic m of gas. They analyze possible gas supplies via the western route.
The Fifth forum ‘Oil, Gas, Fuel and Energy Sector’ has begun in Tyumen. They participate this year approximately 1,000 of delegates from the Russian and the global companies leading in the sphere of oil and gas exploration, production and refining, ecology and subsoil use and energy
The acting Governor of the Tyumen region V. Yakushev claims that the forum is an effective site for exchange with opinions between the experts. Within 5 years, they have been signed at the forum a few contracts for cooperation between different companies.
Sibur has started the realization of the ZapSibNeftechem project with carrying out of the work for the FEED contracts and design documentation. In connection with the move of the project to the next stage, the Board of Directors of Sibur have approved the increase in the financing to the project in 2014. The total capital investment will increase this year from 53 billion rubles to 74 billion rubles.
The configuration of ZapSibNeftechem project presupposes the construction of the pyrolysis utility with annual capacity of 1.5 million tons of ethylene using the technology of Linde AG, and 500,000 tons of propylene and 100,000 tons of butane-butylene fraction, the utilities for production of the different sorts of polyethylene with total capacity of 1.5 million tons using the technology of INEOS, the utilities for production of polypropylene with annual capacity of 500,000 tons using the technology of LyondellBasell.
The French oil and gas concern Total continues the work on its Russian projects despite the new series of the western sanctions, the company’s PR-service claims. Total evaluates their effect at the moment, continuing their work in Russia as planned, the PR-service says answering the question about the possible influence of the sanctions onto its cooperation with Lukoil.
In May 2014, Lukoil and Total signed the agreement about foundation of the joint venture for the work at the Bazhenov suite. They distributed the shares as 51% to Lukoil and 49% to Total. Three sites brought by Total to the joint venture with Lukoil bear reserves of 42 million tons of oil.
In 2014, oil production in Yamal-Nenets autonomous area is performed by 16 enterprises at 57 depositsEdited by Rhod Mackenzie / 2014-07-01 07:18:44
In 2014, oil production in the Yamal-Nenets autonomous area is performed by 16 enterprises at 57 deposits. The major producers in the area are Gazprom Neft JSC and Rosneft JSC. In January – April 2014, Gazprom Neft enterprises extracted 4.202145 million tons of oil sharing 59.5% in the total oil yield; the enterprises are Gazpromneft-Noyabrskneftegaz JSC and Zapolyarneft Ltd. Rosneft extracted 2.005577 million tons of oil, or 28.4% of the total yield. The other production enterprises extracted 853,661 tons of oil sharing 12.1% in the total oil yield.
The Federation Council supports suggestion of oil producers on zero rate for mineral tax for hard-extractable reservesEdited by vadim / 2014-04-23 10:45:20
The Federation Council supports the suggestion of oil producers, Surgutneftegaz in particular on zero rate for mineral tax for hard-extractable reserves, the Chairwoman of the Council V. Matvienko says at the offsite session of the committee of the upper chamber. The Federation Council supports the suggestion of oil producers independently from the grade of exhaustion of the deposit. The befits of such kind should be spread to other categories of extractable reserves.
The Ministry of Natural Resources and Ecology evaluates geological exploration of hydrocarbons at 5 perspective zones by 44.3 billion rublesEdited by vadim / 2014-04-16 12:18:07
The Ministry of Natural Resources and Ecology evaluates geological exploration of hydrocarbons at 5 perspective zones by 44.3 billion rubles, the Minister of Natural Resources and Ecology S. Donskoy says at the conference ‘Oil exploration and production. The factors of stable development’.