BP, Processing

Rosneft's German subsidiary begins direct sales of petroleum products in Germany

Rosneft Deutschland GmbH, a subsidiary of Rosneft, has launched direct sales of petroleum products in order to increase efficiency, Rosneft said in a statement.

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BP to consult Bashneft concerning oil loss at Ufa refineries

Bashneft (part of Rosneft) has attracted BP Exploration Operating Company Limited, a subsidiary of BP in Russia, to provide consulting services for hydrocarbon losses at the production sites of Ufa

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Rosneft and BP get last approval for division of their joint business in Germany

The Federal Ministry of Economy and Energy of Germany has approved the deal between Rosneft and BP on division of assets of their joint venture Ruhr Oel GmbH (ROG).
As Rosneft reported February 12, 2016, the company managed to complete the step of obtaining regulatory’s approvals of the transaction in a short time.

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Rosneft retains plans for construction of Eastern Petroleum Company’s two stages

Rosneft, the largest state-owned oil company in Russia, retains plans for construction of two states of Eastern Petroleum Company (VNKhK), in the framework of which it plans to launch facilities for oil processing and petrochemistry, the company reports.
It is expected that after the completion of the first phase construction the VNKhK complex will be able to process 12 million tons of oil per year and produce 8.5 million tons of motor fuels per year. The implementation of the second phase, at which the production with capacity of 3.4 million tons per year will be launched, will provide the output of 3 million tons of petrochemical products.

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Turkmenistan is about to reach 15 mln tons of oil processing a year by 2015

The natural and associated gas production growth rate made up 110.3% in January-May 2014 against 2013. Ministry of Oil-and-Gas Industry and Mineral Resources of the country stated. To date, Turkmenistan is exporting natural gas to China, Iran and Russia. The future gas pipelines from Turkmenistan are theTranscaspian gas pipeline (via Caspian Sea through Azerbaijan to Europe) and Transafgan gas pipeline to Pakistan and India.
Turkmenistan, according to the report by BP, is in the fourth place on natural gas resources after Russia, Iran and Qatar. The largest deposits of the country are focused in the Maryisky region on the east of the country, near the “Galkynysh” with the total resources of 26.2 trillion cubic meters, according to the local geologists and British GCA.
There produced approximately 70 billion cubic meters of gas in Turkmenistan every year. The republic is about to reach 230 billion cubic meters of gas production by 2030 according to the Oil-and-Gas Industry Development programme.

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