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Category: Russia

LUKoil made a new discovery in the Caspian

LUKoil made a new discovery in the Caspian at the Titonskaya structure, hoping that in the coming years it will increase oil production, said the…

Official: Oil reserves in Russia to last for 58 years

At the current level of technology development, recoverable oil reserves in Russia will last for 58 years, Deputy Minister of Natural Resources and Ecology of…

Russian Oil Sales Collapse

Oil exports from Russia in January in monetary terms fell by 42.8% compared to last year (to $ 5.708 billion) and physical exports fell to…

The Share of Gas in Gazprom Neft’s Production in Coming Years to Be 45%

The share of gas in Gazprom Neft’s production in the coming years may reach 45%, said the head of the company Alexander Dyukov in the…

Gazprom Increased Gas Supplies by 53% to Turkey

In January-February, Gazprom increased gas supplies to non-CIS countries by 32.9%, to 34.5 billion cubic meters, and gas production increased by 7.8%, to 89.9 bcm…

Russia cut oil, condensate production in February

In February, compared to a month earlier, oil and condensate production in Russia fell by 0.7% to 10,095,000 barrels per day, Report informs with reference…

Bank of Russia raises forecast for average price of Urals oil for 2021

The Bank of Russia (the Russian Central Bank) has raised its forecast for the average annual price for Urals oil in 2021 to $50 per…

Gazprom Sells 16.4 Bcm of Gas in Turkish Market in 2020

Gazprom’s supplies to Turkey in 2020 increased by 5.7% compared to the previous year – up to 16.399 bcm of gas, according to the company’s…

Gazprom: TAP Gas Supplies May Cause Fluctuations in Supplies to Italy from Other Suppliers

Gas supplies via the Trans-Adriatic Pipeline (TAP) may cause fluctuations in the volume of supplies to Italy from other suppliers. This is stated in the…

Russian Oil Giant Rosneft Sees Profits Slide 79% In 2020

Rosneft reported a 79-percent drop in 2020 net profits to $2.2 billion (147 billion rubles), with its fourth-quarter result hitting a record high after a loss…

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