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Category: Russia

Gazprom’s Share in European Market in 2020 Named

Russian gas lost its positions in Europe in 2020 due to sharply intensified competition By the end of the year, the total share of Gazprom’s…

Russian Subsidiary of SOCAR to Start Operating in Eastern Siberia Soon

The State Oil Company of Azerbaijan announced that in the near future its “daughter” SOCAR Construction will be attracted by the Irkutsk Oil Company for…

Denmark Confirms Start Date for Laying Nord Stream 2

The Danish Energy Agency (DEA) has confirmed that pipe laying on the unfinished section of the Nord Stream 2 gas pipeline in the territorial waters…

Russia plans to back another OPEC+ production hike in February

MOSCOW (Bloomberg) –Russia plans to support a further gradual increase in OPEC+ production at the next meeting in January, because crude prices are within an…

Onshore Section of Nord Stream 2 Ready for Operation

The construction of the onshore section of Nord Stream 2 has been completed, and this section of the gas pipeline is ready for operation. But…

Oil Production in Russia to Decrease by 8.4%

Oil production in Russia by the end of 2020 will decrease by 8.4%, to 514 million tons, and gas – by 5%, to about 700…

Oil Is Key In Russia’s Rapprochement With Azerbaijan

It is oftentimes said that the Middle East is the most complicated region in our world, however the Southern Caucasus would certainly take issue with…

Transneft Plans to Maintain Oil Pumping at Level of 440-450 Million Tons in 2021

Based on conservative plans, Transneft plans to maintain oil pumping in 2021 at the level of 2020 and pump 440-450 million tons of oil, Transneft…

Russia to Soon Present Draft Agreement on Single Gas Market in EAEU

The Eurasian Economic Commission (EEC) expects to receive the proposals worked out by the Russian side on an international treaty on the formation of a…

KPMG: Transneft Tariff Remains One of Lowest in World

The weighted average tariff of PJSC Transneft in 2018-2019, calculated for 100 tkm of oil turnover, was more than two times lower than the median…

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