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Category: Russia

Oil era to last for at least 20 more years

The demand for hydrocarbons, including oil, will remain in the coming decades despite the slowdown of consumption rates, Russian Energy Minister Alexander Novak told Channel…

Overdue debt of Russian consumers for gas supplies reduced by RUB 5.3 billion in 2019

The Gazprom Management Committee reviewed the information on improving the payment discipline with regard to domestic gas supplies, as well as on the measures being taken to settle the outstanding consumer debt for…

LUKOIL completes reserves estimate as of the end of 2019

“LUKOIL”  announces the results of the reserves assessment and independent audit as of December 31, 2019. According to the SEC classification, the Company’s proved hydrocarbon reserves…

Russian Gazprom Neft ready to negotiate oil deliveries to Belarus

Gazprom Neft Company is ready to discuss various schemes for oil deliveries with Belarus. The head of the Russian company Aleksandr Dyukov made the relevant statement…

The Russian government predicted economic scenarios at low hydrocarbon prices

In the conservative scenario of the macroeconomic forecast of the Ministry of Economic Development, Russia’s GDP will be 30.5 trillion rubles. less in five years…

Nord Stream Stopped for Repairs until End of Month

Both legs of the Nord Stream offshore gas pipeline stopped for two weeks (according to the schedule until the morning of July 30) for scheduled…

Russia Remains Largest Exporter of Gas to Italian Market

There is a wealth of experience in energy cooperation between Russia and Italy. This statement was made by Russian President Vladimir Putin at a press…

SOCAR gets stake in Russian Oil Refinery

The Russian company Socar Energy Resource acquired 80% of the shares of Antipinsky Oil Refinery (processing up to 9 million tons per year, located in…

Shell Confirms Withdrawal from Baltic LNG Project

Shell no longer works with Gazprom on the project to build a gas liquefaction plant in Ust-Luga, Cedric Kremers, the chairman of the concern in…

SOCAR talks on acquisition of oil fields in Russia

Currently, no investment decision has been made on acquisition of Antipinsky Refinery and oil fields in Russia by Azerbaijan’s state oil company SOCAR, spokesperson for…

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