Gazprom’s revenue from gas exports in 2020 fell by 40%
Gazprom’s revenues from gas exports in 2020 were 39.6% lower than in 2019, according to the Federal Tax Service of the Russian Federation. The company…
Two-thirds of Russian Oil Recognized as Unprofitable
Deputy Minister of Energy of the Russian Federation Pavel Sorokin wrote about this in an article for the Energy Policy magazine “According to the inventory…
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…