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Category: Russia

LUKoil President Reveals Plans for the North Caspian

LUKOIL has submitted for approval the reserves of the Severo-Rakushechnoye field in the amount of about 30 million tons, the president of the company, Vagit…

Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas

State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom acting…

Gazprom has raised its forecast for the price of gas exports by 30%

Gazprom has raised the forecast for the average price of gas exports to the European non-CIS countries this year to $ 269.6 per thousand cubic…

“Rosneft” increased its net profit five times

At the end of the first half of 2021, “Rosneft” received one of the highest net profit indicators in its history, increased EBITDA and free cash…

Oil exports from Russia to non-CIS countries decreased by 9% in 7 months

Export of Russian oil to non-CIS countries in January-July 2021 amounted to 122.01 million tons, which is 9.1% less than in 2020, according to the…

In June, Russia produced 9.57 million barrels per day of oil

Oil production in Russia, excluding gas condensate, in June amounted to 9.568 million barrels per day, the OPEC + deal was completed by about 93%,…

Nord Stream 2: US and Germany reach deal on controversial Russian gas pipeline

The US says it has reached a deal with Germany to prevent Russia from using its Nord Stream 2 gas pipeline as political leverage over…

“Rosstat” for the first time calculated the share of oil and gas in Russian GDP

“Rosstat” for the first time calculated the share of the oil and gas sector in Russia’s GDP – at the end of 2020, it amounted to 15.2% and…

Russia announced an increase in the volume of “green” generation

Russia will almost double the volume of “green” generation in three years, said Russian Prime Minister Mikhail Mishustin. “The energy sector is also developing, which…

The share of oil and gas revenues in the budget of the Russian Federation decreased to 30.5%

Receipt of income significantly exceeded the forecast. They rose to almost 5.3 trillion rubles, stated the head of the Cabinet of Ministers Mikhail Mishustin on…

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