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"Oil of Russia"

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The Fourth stage of "Yamal LNG", which the project partners build their own liquefaction technologies NOVATEK, prepared in 51% overall construction is scheduled for completion in late 2019, said the Deputy Chairman of the management Board of the company mark Jetway. "the General progress of the construction of the fourth stage of "Yamal LNG", as at 30 June amounted to 51% vs. 38% at the end of the first quarter," said Gemma in a conference call. "We orientirueshsya to complete construction in late 2019 and the official launch of the line in the first quarter of 2020," he added. the Top Manager also noted that LNG from the fourth line will be sold in the spot market. Yamal LNG is a Russian project for liquefied natural gas on the basis of the South...

The First SMD drilled to Usinskoye field. "LUKOIL-Komi" drilled at the Usinskoye field the first well of small diameter (SMD). On it informs "Komiinform". Oil production in permocarbon deposits of Usinsk Deposit process is very difficult, including because of the high viscosity of raw material, says the company. the Method of construction of small-diameter wells in the last few years has been studied in several regions of operations of LUKOIL, for example, in Western Siberia and the Volga region. According to the results, the company took a decision on future replication of the technology. Small diameter wells can reduce the costs of their construction and involve them in the development of additional oil reserves. This gives the opportunity to increase...

LUKOIL acted as a technological partner of engineering company CNH Industrial, localizing in Russia the production of the specialized line of lubricants NEXPRO. These oils are developed at the request of CNH Industrial c given the structural parameters and features of operation of modern cargo transport, agricultural equipment and construction machines under the brands IVECO, CASE, NEW HOLLAND. In the line of NEXPRO are eight kinds of oils – engine, transmission, hydraulic and universal tractor. Their production formulation CNH Industrial will be implemented in the factories of LUKOIL in Perm and Tyumen. CNH Industrial is a global engineering leader engaged in the design, manufacture, distribution, after-sales service, and commercial and financial...

LUKOIL decided on the site for construction of polypropylene production with capacity of 500 thousand tons. The project company is ready to implement on the basis of the Kstovo refinery in the Nizhny Novgorod region. told reporters As the head of LUKOIL Vagit Alekperov, the company took the investment decision has on the project. Products with estimated production capacity of 500 thousand tons is expected to ship for export. In may, the Vice-President for refining, petrochemical, gas processing Rustem gimaletdinov, noted that NK is considering several sites for the start of production, including the Permian and Kstovsky NPZ. The advantage of the first option is the presence of a large amount of the "right raw material" – ethane, liquefied petroleum gases...

NOVATEK commissioned the Yuzhno-Khadyryakhinskoye field in the Yamalo-Nenets Autonomous district (YANAO) with project level of production to 1 billion cubic meters of gas per year, said Wednesday the company. ", PJSC "NOVATEK" reports that a subsidiary of OOO "NOVATEK-Tarkosaleneftegaz" put into commercial operation of the Yuzhno-Khadyryakhinskoye gas field with project level of production of around 1 billion cubic meters of natural gas per year", – stated in the message. According to the Chairman of the Board "NOVATEK" Leonid Mikhelson, the location field allows you to quickly run it and optimize capital costs. New production capacity will increase gas production from the company assets in the area of the Unified gas supply system, he said. the...

The Vice-President of JSC LUKOIL, General Director of "RITEK" (enters into Group "LUKOIL") Nikolay Nikolaev took part in the annual Oil summit of the Republic of Tatarstan. The event was held at the DALE "the Youth" in Almetyevsk district. this year RITEK introduced stand with the indicators of territorial-production enterprise "TatRITEKneft". Innovative technologies of extraction of heavy oil, EOR, efficient development of tight oil reserves, such as downhole heaters, injection of hot water, cyclic steam injection, cyclic injection of CO2, the Society successfully applied in the regions of its activities, including in the fields of Tatarstan. Stand Ritika was visited by President of Tatarstan Rustam Minnikhanov, Deputy Minister of energy of the Russian...

Russian President Vladimir Putin ordered to impose a moratorium on providing new measures of government support in the development of oil fields in Russia to complete the inventory. The moratorium imposed until December 31, 2019. Putin approved a list of instructions following a meeting on promoting the oil industry on 10 July 2019. So the Russian government instructed until December 1 to complete the inventory of stocks of oil fields developed in Russia. The President ordered to evaluate the economic efficiency of development (further development) deposits in the current fiscal environment. given the ongoing inventory until December 1, is tasked "to develop a single set of criteria, the requirements for economic justification and order of granting of...

Company "Transneft" has completed several major projects for the extension of the system of trunk pipelines (OTP). This not only gave the opportunity to increase the supply in important areas, but also to plan the reception in the pipeline system of additional volumes of fuel. Vadim Onopyuk NORTH, SOUTH, AND MOSCOW By the end of 2018, the company sold three major oil products pipeline project: "South", "North-25" and "Increased supplies of light petroleum products in the Moscow region". "North-25" increased the performance of the pipeline system up to 25 million tons per year. Reconstructed existing and built new objects from Tatarstan to the Baltic. More than a thousand kilometers of oil pipelines were converted for transfer of petroleum products. Built a...

Gazprom decided to build the gas pipeline "Pochinki-Anapa". He represented the Eastern route of the project "southern corridor" to deliver gas to export black sea gas pipeline. the information Department of Gazprom, "Interfax" the task of completion of the pipeline described as follows: "To supply the domestic market, given the growing demand for natural gas of consumers of Krasnodar territory". Length of the pipeline, "Pochinki-Anapa" – 1625,6 km. According to the published in 2018, according on the road "Pochinki-Anapa" has already built more than 500 km of the linear part. the"southern corridor" consisted of two phases: "Pisarevka-Anapa" – 472 km (built) and "Pochinki-Anapa", which involves the laying of linear part in 1625,6 km After a review of the...

NOVATEK closed the deal on selling shares in the project "Arctic LNG 2" companies of Japan and China, according to the Russian company. NOVATEK announced today the closing of transactions for the sale of shares in the project "Arctic LNG-2" subsidiary of China national petroleum Corporation (CNPC), the subsidiary CNOOC Ltd. and the consortium of Mitsui & Co and the Japanese national Corporation of oil, gas and metals JOGMEC (Japan Arctic LNG)," – said in the message. "Successful closing of the sale shares, we have formed the participants of "Arctic LNG 2". Achieved the target level of participation in NOVATEK will allow you to make a final investment decision and optimal use of cash flow to Finance our new projects", – said the Chairman of the Board...

On 12 September at the address: Moscow, Tverskaya, 22, hotel InterContinental will host the ninth annual conference "Modernization of productions for oil refining and gas". Representatives of the oil companies inform on realized projects, opportunities for domestic suppliers and contractors, participate in discussions, answer questions from participants. At the conference held a session: "Implementation of digital solutions for enterprises of oil and gas processing and petrochemical industry". Great attention will be paid to the topics: the use of new technologies in process control and modeling; development platforms performance management of oil and gas refining and marketing; operational efficiency of the company; 4.0 technology for energy efficiency...

International energy Agency (IEA) lowers forecast of oil demand in 2019 due to the slowing global economy amid trade disputes between the US and China. this was announced by the head of the organization Fatih Birol in an interview with Reuters. "IEA revises growth forecast for global oil demand in 2019 to 1.1 million barrels per day and could cut it again if the global economy and especially China will show further weakness," he said. According to him, "China is experiencing the slowest economic growth in the world over the past three decades, as well as some advanced economies". "If the world economy is worse than we expect, we can again look at our numbers in the coming months," said Birol. Source: TASS

"Gazpromneft" and SIBUR consolidates 100% of the share capital of Omsk polypropylene plant OOO "Poliom". Joint venture "Gazprom oil", SIBUR and JSC Sibgazpolimer signed an agreement to acquire a 50% stake in the Charter capital of OOO "Poliom" the Group of companies "Titan". After the completion of all corporate procedures and registration actions AO Sibgazpolimer became the sole participant of OOO "Poliom". "Gazpromneft" and SIBUR will provide joint operational management of OOO "Poliom". "Poliom", one of the largest producers of polypropylene in Russia, started its work in 2012. In 2014, on the basis of "Poliom" was created joint venture with "Gazprom oil" (25%), SIBUR (25%) and GK "the Titan" (50%). Production capacity of 218 thousand tons of high-tech...

Moscow oil refinery "Gazprom oil" has completed the construction of a new station for loading light petroleum products in vehicles. Commissioning of an automated terminal loading fuel was held in the presence of the Chairman of the Board of "Gazprom oil" Alexander Dyukov. the Modern environmental technology and management system to ensure the maximum level of environmental safety. Investments of "Gazprom oil" in the creation of an automated terminal loading fuel amounted to 2.5 billion rubles. The project was implemented within the development programme for the Moscow refinery, which in 2011 continues to "Gazprom Neft". the New terminal consists of 12 positions with the opportunity to ship in tanker trucks of gasoline, diesel and aviation fuel. The...

Losses in oil production in OPEC in 2019 reached 2.5 million b/d, which is a record in 2015 and is caused by sanctions against Iran. This is stated in the report of energy information Administration US Department of energy (EIA). of this amount, only 1.7 million b/d, or 60% in Iran, against whom in may this year, a tightened US sanctions banning oil imports from that country. the losses in OPEC production US Department of energy understands not only sanctions, but also unscheduled downtime, as well as acting within the framework of OPEC agreements+ production cuts. production cuts Iran in late 2015, before the sanctions were lifted in early 2016, reached 800 thousand b/d. In the first quarter of 2019, it has grown to 1.2 million b/d, points out in his study...