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Category: Russia

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…

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