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"Oil of Russia"

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Today in Almaty oblast (Republic of Kazakhstan) Prime Minister of Kazakhstan Askar Mamin and the President of JSC "LUKOIL" Vagit Alekperov opened a new lubricants plant with a capacity of 100 thousand tons per year of finished products. More than 800 types of oils, including LUKOIL GENESIS, was developed with the use of innovative molecular technologies and approved world's leading automakers. the Geographical location of the plant optimizes the logistics of lubricants LUKOIL on the territory of Kazakhstan and Central Asian countries. Modern level of automation of production processes allows to produce and ship the product to the customer within 24 hours, and the latest laboratory equipment ensures high quality oils. the Project was implemented in strict...

"RussNeft" Mikhail Gutseriev expect a significant growth of oil reserves in 2020, after setting the balance of new sites, told reporters on the sidelines of the Tyumen oil and gas forum the President of the company Evgeny Tolochek. "a significant increase bright (2019 – ed.) as was last year, is unlikely. Probably, it will be in 2020, when we examine their plots, put in balance," said Tolochek, noting that by the end of 2018, the growth of reserves of "RussNeft" amounted to 60 million tons of oil. "including through the southern part of Taganki that we just bought... There is likely to be good stocks," added Tolochek. Tolochek noted that the priority project of the company is still top-Shapshinskoe field. "It is also the Achimov horizons, but they're more...

The Board of Directors of "Gazprom Neft" adopted a strategy of digital transformation of the company. A new document was developed in accordance with the overall business development strategy of the company till 2030 and will support its implementation. Digital transformation is a set of major programs changes in technology and operational processes in "Gazprom oil". Their goal is to transition to a new system of governance, as well as a significant increase the effectiveness and safety of assets. Each of the programs aimed at achieving key economic and business effects at medium and long horizons. In particular, by 2030 the company plans to 2 times to optimize the timing and cost of exploration while increasing their quality, speed up to 40% of major...

LUKOIL intends to invest €1 billion in upgrading the oil refinery in Burgas (Bulgaria), said after a meeting of the Russian-Bulgarian intergovernmental Commission to its Chairman, Minister of industry and trade of Russia Denis Manturov. "("LUKOIL") since may last year is building additional capacity. Capital expenditure will amount to €1 billion," the Minister said, quoted by the press service of the Ministry of industry and trade. He also noted that the trade turnover between Russia and Bulgaria in 2018 rose to $3.5 billion, while Russian exports to Bulgaria reached $2.9 billion, while imports amounted to $525,2 million. the Company "LUKOIL Neftochim Bourgas" – the largest enterprise on oil refining in the Balkans, the main supplier of fuel on the...

Russia sees shale gas production only in the long term, said during a speech at the Tyumen oil and gas forum, the Minister of natural resources and ecology of the Russian Federation Dmitry Kobylkin. "Russia under the existing strong resource base considering the alternative in the form of oil shale, gas hydrates and coal bed methane in the very long term," the Minister said. He explained that the structure of the explored resource base of gas in the USA and Australia differs significantly from Russian in these countries is dominated by shale gas. Kobylkin added that the expensive technologies of shale gas production will not lead to sustained high production rates of wells for a long time, so the Declaration in some countries, in his view, "absolutely not...

, "Gazprom" has reduced gas exports to the CIS countries from 1 January to 15 September 2019 4% compared with the figure for the same period last year – to 135,6 billion cubic meters, is spoken in the message of gas holding. "In foreign countries "Gazprom" has put 135,6 billion cubic meters of gas and 4% less than January 1 – September 15 record 2018", – stated in the message. the volume of exports in a number of countries since the beginning of the year increased, in particular in Hungary – 50.2%, Austria – by 32.8%, in the Czech Republic – 33.6%, in Slovakia – by 41.4%, in Netherlands – 13.7%, France 5.5%. the Company also said that the construction of the pipeline "Nord stream – 2". To date, the Baltic sea is laid 1989 km of the pipeline is about 81% of...

Saudi Arabia will be able to restore oil production much faster than expected – within two or three weeks, instead of months. About it reports Reuters, citing two sources familiar with the situation. "the Kingdom is close to a recovery of production 70% of 5.7 million barrels per day lost as a result of attacks on oil objects of the country", – said the Agency senior Saudi official. He explained that production Saudi Aramco will fully recover in the next two or three weeks. Previously, the Agency, citing sources familiar with the situation in the company, Saudi Aramco, reported that full recovery of oil production in Saudi Arabia after the incident on September 14 drone strike on the oil industry can take several months. Attacks on oil facilities a Saudi...

, "Gazprom" has increased gas production from 1 January to 15 September 2019 1.1% compared with the figure for the same period last year – to 348,1 billion cubic meters, is spoken in the message of gas holding. "From January 1 to September 15, 2019, "Gazprom" according to preliminary data, extracted 348,1 billion cubic meters of gas. This is 1.1% (3.7 billion cubic meters) more than the same period in 2018", – stated in the message. the gas sales company in the domestic market of gas transportation system (GTS) decreased by 0.7% (by 1.1 billion cubic meters). As previously reported, in 2018, "Gazprom" gas production increased by 5.7% compared with the previous year – to 497,6 billion cubic meters. Source: RNS

The Company "Gazprom Neft" has started modernization of the complex of primary oil refining at the Omsk refinery (ONPZ), through which 5% will increase the selection of light oil products, said on Friday the press service of the refinery. "Omsk oil refinery "Gazprom oil" has started the project of modernization of the complex of primary oil refining AVT-10. This complex of 5% will increase the selection of light oil products, increasing the production of aviation kerosene and diesel fuel. The upgrade project up to the end of 2021, investment amounts to 5 billion rubles", – stated in the message. In the course of modernization will be optimized heat transfer processes, an integrated modern system of management and control and replaced internal equipment on...

A New project of LUKOIL will support the development of transport infrastructure of the Irkutsk region and Khabarovsk territory in the season of repair and construction of roads. In 2019 in both regions started the Federal project "Safe and high-quality highways" (BKAD). Within the framework of the national project it is planned to bring it up to standard 85% of the road network 104 Metropolitan areas in all 83 constituent entities of the Russian Federation. The implementation of such ambitious plans requires a significant amount of resources, including materials for the repair of existing and construction of new roads. Experts from the road sector point out that not all manufacturers of bitumen storage tanks have sufficient capacity for stockpiles of...

World oil market will maintain stability, despite the incident on September 14 attack on the oil industry of Saudi Arabia, said in a speech at the IAEA General conference in Vienna, U.S. energy Secretary Richard Perry. "We are confident that the market is stable and will react positively," said Perry, quoted by Reuters. Earlier Russian energy Minister Alexander Novak said that the Ministry of energy of the Russian Federation is in constant contact with the Ministry of energy of Saudi Arabia after the drone strike at the refinery between Saudi Aramco and waiting for a damage assessment from the Saudi side. Attacks on oil facilities a Saudi company, Saudi Aramco took place on 14 September, the cities of Houris and Hail, reported Saudi Press Agency. Because of...

Nord Stream 2, the construction of the pipeline "Nord stream – 2", built a total of more than 1,900 km of pipeline, or about 78% of the total length, told RNS the company. "To date installed more than 1900 km (pipeline)," said Nord Stream 2 on 16 August, Gazprom announced that Nord Stream 2 1805,6 built total miles of pipeline – approximately 73.6% of its total length. "Nord stream – 2" gas pipeline from Russia to Germany through the Baltic sea with a capacity of 55 billion cubic meters per year, consisting of two lines with a length of 1220 km each. It directly will connect the resource base of Russian and European consumers. 5 September 2018, Nord Stream 2 start pipe-laying gas pipeline in the exclusive economic zone of Finland. It is expected that...

, "Gazprom" has reduced deliveries through the OPAL pipeline due to the restrictions imposed by the Court of the European Union. on Saturday morning, the German Federal network Agency reported that restrictions on the access of Russian companies to the gas pipeline, receiving gas from "Northern stream", came into force. Supplies have declined by about 0.6 million cubic meters per hour. however, the 0.3 million cubic meters per hour and increased transit capacity of the gas pipeline NEL, which together with the OPAL takes Russian gas from Nord stream. the DECISION of the COURT of justice Informed the Court of the European Union has considered the complaint of the Polish authorities cancelled the decision of the European Commission from 2016 to improve the...

Lithuania for the first time will buy a large shipment of Russian liquefied natural gas (LNG) from the project "Yamal LNG", the newspaper "Kommersant". on 12 September, the tanker Stena Clear Sky left the Montoir terminal in France and headed to Klaipeda. According to the publication, in Montoir on the ship was overloaded with cargo of LNG from the project "Yamal LNG". The seller made the French company Total, holds shares in Yamal LNG. As shown in the data system ship tracking Marine Traffic, along with the Stena Clear Sky stood Montoir LNG tanker Yamal Spirit came from Sabetta. He delivered the cargo from Yamal LNG to France's Total address long-term contract. on 11 September, the Baltic Course, citing LETA/BNS reported that the LNG Stena Clear Sky will...

International energy Agency (IEA) raised its forecast for world demand for Russian oil in 2019 to 3.63 million barrels a day, follows from the monthly report of the Agency. In the previous report, the IEA pointed out that demand for Russian oil in 2019 will amount to 3.61 million barrels a day. Thus, the adjusted forecast by 20 thousand barrels in the upward direction. by 2020, the Agency forecasts growth of demand for Russian oil to 3.68 million barrels per day compared to 3.65 million barrels per day in the previous review. According to the IEA estimate, in 2018, the demand for Russian oil made up 3.52 million barrels per day. The demand for oil from Russia to 2017 is estimated at the level of 3.39 million barrels per day. Source: RNS