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August, Friday

Ratings // News

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Iran Sold Poland 2 mln Barrels of Oil

Iran has sold a major cargo of crude oil to Poland, a move which could intense rivalry with Saudi Arabia and Russia in supplying the markets of northern Europe.


LUKOIL Board of Directors appoints Management Committee

LUKOIL Board of Directors held a meeting on July 21, 2016, at which the number of members and composition of the Company’s Management Committee were approved.


Bashneft oil production increased to 10.58 mln tonnes

Oil production of Bashneft in the 1st half of 2016 increased by 10.9% to 10.58 mln tonnes, the company announced on July 27, 2016.


TANECO has completely stopped fuel oil production

It is for the first time in Russia that they have completely stopped producing the fuel oil product at the TANECO refinery and have started fuel oil free production works.


Wood Group wins $700 mln contract in Kazakhstan

Wood Group is providing main automation contractor services to Tengizchevroil at the Tengiz Field in Kazakhstan.


Second China-Russia oil pipeline in the works

A new China-Russia oil pipeline will help guarantee China's oil consumption and, cut its transportation costs, said Gao Jian, an oil analyst at commodities consultancy Sublime China Information Co Ltd.


Kotka and Hanko confirmed as finnish logistics hubs for the Nord Stream 2 project

Nord Stream 2 and its chosen partner for concrete weight coating and pipe storage, Wasco Coatings Europe confirmed Kotka and Hanko as the project’s logistics hubs in Finland.


Lukoil plans to start oil production at the Filanovsky field in the Caspian Sea

Lukoil said it has started preliminary efforts to drill into the Filanovsky filed in the Russian waters of the Caspian Sea.


Business Program of the 8th International Forum and ATOMEX 2016 Exhibition of nuclear industry suppliers is approved

S. V. Kirienko, CEO of the State Atomic Energy Corporation Rosatom, has approved the business program of the 8th International Forum and ATOMEX 2016 Exhibition of nuclear industry suppliers, which will take place from October 19 till October 20, 2016 in Moscow (Expocenter, pavilion No. 7).


Erdogan: Turkey strongly supports Turkish Stream

The president of Turkey Recep Tayyip Erdogan said that Turkey has started work on the vast projects to diversify Europe's energy resources and support its energy security.


Large plant to be built in russian Kaluga by Total for $50 mln

The french Total East company has started the construction of a factory for production, storage and shipping of automobile oils and other materials for $50 mln.


Saudi Arabia Drilling Academy opens

Supported and funded by private drilling companies, Saudi Arabia Drilling Academy (SADA) in Abqaiq is provided with logistic support by Saudi Aramco.


Poland turns to Norwegian gas to trump Russia

Increased tensions with Russia over its plans to build the Nord Stream 2 gas pipeline to Germany is pushing Poland to revive a stalled pipeline project with Norway.
Warsaw’s main goal is to find other gas suppliers when its current contract with Russia’s Gazprom expires in 2022.


Russia and Norway swap Barents Sea seismic data

The Norwegian Petroleum Directorate and Russian petroleum authorities have entered into an agreement to exchange seismic data from the areas around the demarcation line in the Barents Sea.


Bulgaria-Romania gas interconnector pipeline finished

Bulgarian Prime Minister Boiko Borissov opened at a ceremony on November 11 the gas interconnector pipeline with Romania, describing it as a key step towards diversification of gas supply sources and strengthening Bulgaria’s energy security.


Delek secures $1.75 bln financing for Leviathan gas field offshore Israel

Israel-based Delek Group and Avner Oil Exploration will receive up to $1.75 bln in financing to fund its share in the development of the Leviathan natural gas field in Mediterranean Sea, Israel.


Leviathan partnership inks $2 bln sale contract

Leviathan Partnership has signed another gas sales contract, taking it nearer a final investment decision on the Leviathan gas field.


10% stake in russian SIBUR to be sold to China’s Silk Road Fund

The shareholders of SIBUR and representatives of the Silk Road Fund, a Chinese investment fund, have signed the final documents in a deal that makes the Fund a 10% shareholder of SIBUR.


Iran's gas destined to Europe via Georgia and Black Sea

Head of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholam-Hossein Shafeie says Iran's gas can be exported to Europe via Georgia and the Black Sea in the near future.


Figures demonstrating Tatneft´s results of operations during 2016 crude oil production

The enterprises of TATNEFT Croup produced 28,686, 030 tonnes of crude oil in 2016 (105.3 %, +1,437,512 tonnes) with TATNEFT accounting for 28,332,674 tonnes (105.2 %, +1,405,703 tonnes).