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News // Economy

Belarus makes advance payment for Russian natural gas

Belarus has made an advance payment for Russian natural gas deliveries.

09 December 2016 , 10:06Neftegaz.RU7700

Shell: World markets longing for Iran’s return

Vice President at Royal Dutch Shell says the global oil market is longing for Iran’s return to international arenas.

08 December 2016 , 10:07Neftegaz.RU11390

Asian Development Bank extends financial support to Azerbaijan´s Shah Deniz gas field

An estimated $1 billion in assistance will help Azerbaijan develop its flagship Shah Deniz complex in the Caspian Sea, the Asian Development Bank said.

07 December 2016 , 16:21Neftegaz.RU9600

Russia’s Central Bank sticks to oil price forecasts

Еhe central bank of Russia has no plans to revise its current oil price estimates for the next 12 months despite the OPEC deal that saw international oil benchmarks pass the US$50 barrier and stay above it for a week now.

07 December 2016 , 10:07Irina SlavNeftegaz.RU9030

Lukoil: $60 oil price to be dominant in 2017

Lukoil expects that in 2017 oil prices will be around $60 per barrel, said Vice-President of Lukoil Leonid Fedun.

05 December 2016 , 12:53Neftegaz.RU9970

Russia and Belarus said to be close on resolution over gas prices

Russia and Belarus are said to be close to solving a dispute over gas prices.

30 November 2016 , 15:32Neftegaz.RU6710

How Iran and Russia are locking step on oil

A Russian delegation visiting Tehran on November 19, 2016, signed a handful of agreements to work with an Iranian oil company, said Gholam-Reza Manouchehri, the deputy managing director of the National Iranian Oil.

21 November 2016 , 00:00Daniel J. GraeberNeftegaz.RU22420

Profits for Russian oil giant Rosneft tumble

Pointing to ongoing pressures from the weak oil economy, Russian oil company Rosneft said its profit for the third quarter dropped more than 70 %.

14 November 2016 , 10:11Daniel J. GraeberNeftegaz.RU7520

Rosneft sells 20% stake in siberian subsidiary to Beijing gas

Rosneft, the mostly state owned Russian energy company, signed a binding agreement with China's Beijing Gas on November 7 to sell a 20% stake in an eastern Siberian subsidiary, Verkhnechonskneftegaz.

08 November 2016 , 10:05Neftegaz.RU8580

Tough pricing won't secure sales, study warns Gazprom

The European Union’s gas supply mix will change fundamentally but it will remain in a strong strategic position.

28 October 2016 , 12:11Mark SmedleyNeftegaz.RU7130

Kazakhstan´s KazTransGas and European Bank for Reconstruction and Development unite on energy efficiency

KazTransGas will join forces with the European Bank for Reconstruction and Development in energy efficiency.

27 October 2016 , 18:00Neftegaz.RU9980

Russia expecting more oil investments

Investments in the Russian oil sector are expected to expand in comparison to last year, though nothing is certain for 2017, a deputy energy minister said.

27 October 2016 , 14:12Daniel J. GraeberNeftegaz.RU8230

More red ink for Baker Hughes

Oilfield services provider Baker Hughes on Tuesday posted a wider net loss for the third quarter of 2016, when compared to prior-year quarter, due to impairment charges.

26 October 2016 , 10:09Neftegaz.RU7230

Moody's raised its outlook on the bank system for oil-rich Russia

Though problem loans will continue to drag on performance, Moody's said it raised its outlook on the bank system for oil-rich Russia from negative to stable.

24 October 2016 , 17:27Daniel J. GraeberNeftegaz.RU7640

Belarus-Tatarstan trade now on the rise

The main areas for the growth of economic cooperation between Belarus and Tatarstan include industry, construction and innovation.

19 October 2016 , 12:11Neftegaz.RU8850

India and Russia sign 3 agreements in the «Hydrocarbon» sector

Dharmendra Pradhan highlighted cooperation between India and Russia in the Hydrocarbon Sector, including the acquisition of 23.9% stake in Vankorneft and 29.9% in Taas-Yuryakh by an Indian Consortium of IOCL, OIL and BPRL and acquisition of 15% and 11% stake by OVL in Vankorneft from Rosneft.

17 October 2016 , 15:53Neftegaz.RU9950

Rosneft deal: Billionaire Ruia brothers' stake in Essar Oil may fall below 10%

Billionaire brothers Shashi and Ravi Ruia are likely to end up owning less than 10% of their flagship Essar Oil refinery after selling a controlling stake to Russian Rosneft.

13 October 2016 , 18:00Neftegaz.RU9480

Turkmenistan and Tatarstan intends to increase trade and economic cooperation

An impressive capacity for trade and economic cooperation and increase bilateral trade turnover was noted at the meeting in Ashgabat.

12 October 2016 , 18:00Neftegaz.RU9320

Petrobras cuts planned investment by 25%

Brazilian Petrobras cut its investment budget for the coming years and plans to raise more cash from the sale of assets, amid efforts to reduce its huge debt.

21 September 2016 , 10:11Neftegaz.RU8030

Russia bases economic forecast on $40 oil

The Central Bank of Russia lowers rates and forecast for economic growth in 2017, basing its forecast on oil priced at $40 per barrel. For the 1st time since June 2016, the bank said it lowered its key rate by a half percent to 10%, saying it was forecasting «unstable economic activity».

19 September 2016 , 00:09Daniel J. GraeberNeftegaz.RU8760