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Category: Russia

LUKOIL presents its global oil market forecast in Europe

​LUKOIL unveiled its long-term forecast for the world’s liquid hydrocarbons market in Brussels, Belgium. The forecast addresses challenges of the energy transition and analyzes how structural…

Russia’s Safmar can deliver 300,000 tonnes of oil to Belarus

The Belarusian holding Belneftekhim confirms that Russia’s Safmar can supply 300,000 tonnes of oil and UDS Neft can deliver 50,000 tonnes to Belarus in March,…

LUKOIL and Yamal-Nenets district define priority social projects for 2020

LUKOIL and the Yamal-Nenets Autonomous District concluded a supplementary agreement on cooperation for 2020, defining priority actions to facilitate social and economic development of the region….

Belarus might get over $61m of compensation from Russia for polluted oil

Belarus might receive more than $61 million in compensation from Russia for tainted oil, spokesman for the Belarusian state petrochemical concern Belneftekhim Aleksandr Tishchenko told…

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…

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