Eurasia Journal News

PAO NOVATEK announced that the Arc7 ice-class module carrier AUDAX completed its voyage along the Northern Sea Route (NSR) long after the traditional navigation season closure, to deliver a process module weighing almost 12,000 tonnes for Arctic LNG 2 from the Chinese port of Tianjin to Murmansk. The module will …

Gazprom Neft (the “сompany”) has today published its IFRS consolidated financial statements for the 12 months and fourth quarter (Q4) ended 31 December 2021 (FY 2021). Gazprom Neft’s financial performance for FY2021 was at an all-time high, with revenue reaching ₽3.068 trillion in FY2021, up 53.5% y-o-y. Adjusted EBITDA1 (earnings before interest, taxes, depreciation, and amortisation) reached ₽986.1 billion, …

Vienna, Austria, 17 February 2022 – The price of OPEC basket of thirteen crudes stood at $95.32 a barrel on Wednesday, compared with $94.73 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

In 2021, Gazprom Neft’s total proven and probable reserves, including its share in joint ventures, reached 4.1 billion toe. At the end of 2021, the proven reserves (proved, 1P) of Gazprom Neft hydrocarbons according to international PRMS standards increased to 2.27 billion tons of oil equivalent, which is 6.8% higher …

In 2021, the Gazprom Neft upstream unit developed 8 new technological products to improve the efficiency of hydrocarbon production processes. Their implementation in the future will provide the company with additional profit in the amount of more than 11 billion rubles. Key developments in 2021 are related to new engineering approaches …

PAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2021 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated)   FY 2021  FY 2020  Oil and gas sales 1,135,206 699,750 Other revenues 21,518 …

Vienna, Austria, 15 February 2022 – The price of OPEC basket of thirteen crudes stood at $95.16 a barrel on Monday, compared with $92.85 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

Fitch Ratings has affirmed the international Long-Term Issuer Default Rating of Tatneft at “BBB-“ with a Stable Outlook. Upon the credit rating affirmation, the agency’s analysts mentioned, amongst others, low debt levels of Tatneft, significant production volumes and a high reserve life, supporting high credit quality of the Company. Fitch …

Gazprom Neft and the Japanese trading and investment company Mitsui signed an agreement of intent to implement decarbonization projects in Russia and the regions where the companies operate. The partners plan to develop innovative solutions for the implementation of CCS (carbon capture and storage) projects. In addition, Gazprom Neft and …

Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, confirms that the cancellation of listing and trading on AIM will take effect at 7.00 a.m. GMT today, 15 February 2022. source