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Category: Russia

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…

Novak: construction of Nord Stream 2 will be completed by the end of the year

The construction of the Nord Stream 2 gas pipeline will be complete by the end of 2021, and it will be put into operation, said Russian…

LUKOIL wants to be the operator of the Dostlug project in the Caspian Sea

LUKOIL would like to be the operator of the Dostlug project in the Caspian Sea, the president of the company Vagit Alekperov told reporters on…

SOCAR, Gazprom discuss cooperation in gas sector

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met with the head of the Russian oil and gas company Gazprom, Alexei Miller. Report informs, citing…

Gazprom resumed supplies to Turkey via Blue Stream

The planned shutdown of the Blue Stream Black Sea gas pipeline from Russia to Turkey completed ahead of schedule, and gas supply resumed on May…

Russian government announced plans for the development of electric transport

The Ministry of Economic Development of the Russian Federation announced plans for the development of electric transport. Over the next nine years – until 2030,…

The Russian Federation has every opportunity to increase its share in the global petrochemical market up to 6-7%

Russia has every opportunity to increase its share in the global oil and gas chemistry market to 6-7%, Deputy Prime Minister Alexander Novak said.  On…

Gazprom declined to discuss the timing of the completion of Nord Stream 2

Gazprom does not comment on the specific deadlines for completing the laying and commissioning of the Nord Stream 2 gas pipeline; they are influenced by many factors, including…

Biden Admin Set to Waive Sanctions on Gazprom Pipeline

The U.S. will impose and immediately waive sanctions on the company overseeing construction of the Nord Stream 2 gas pipeline from Russia to Germany, people…

SOCAR, Rosneft tie-up on fuel supplies to Ukraine, other countries

Azerbaijan’s state energy company SOCAR and Russia’s oil and gas giant Rosneft (ROSN.MM) have signed a deal to supply oil products and liquefied petroleum gas…

Gazprom’s exports to non-CIS countries grew by 28.3% in four months

Gazprom’s export to non-CIS countries, according to preliminary data, grew by 28.3% in four months compared to the same period last year, to 68.4 billion…

Putin announced plans to expand activities in the Caspian region

Russia is implementing large energy projects in the Caspian region, there are also plans to expand economic activity, Russian President Vladimir Putin said at a…

Russia Tightens Its Grip On Europe’s Natural Gas Markets

A much-used proverb says: a good neighbor is better than a distant friend. Nowhere is it more suitable than the EU’s position vis-a-vis its largest…

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…

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