Eurasia Journal News

Gazprom Neft, Skoltech and Khanty-Mansi Autonomous Okrug-Yugra are Developing Technologies for Producing “Difficult” Oil

Gazprom Neft, Skolkovo Institute of Science and Technology and Research and Analytical Center for Rational Subsoil Use named after V.I.Shpilman in Khanty-Mansi Autonomous Okrug-Yugra signed an agreement on the creation of an engineering center for the development and commercialization of technologies for exploration and production of hard-to-recover hydrocarbons. The implementation of the …

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Eurasia Journal News

RussNeft: Plans to Increase Production by 1.45% in 2022 to 6.78 Million Tonnes of Oil

RussNeft plans to produce 6,780 thousand tonnes of oil in 2022. This year, according to operational data, the production level will be 6,683 thousand tonnes of oil, which complies with the terms of the OPEC+ agreement. The Company’s business plan for 2022 envisages spending of 22.7 billion roubles of capital …

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Eurasia Journal News

Taas-Yuryakh Neftegazodobycha Produces the 20 Millionth Ton of Oil

The Taas-Yuryakh Neftegazodobycha company, which is part of the oil and gas production complex of NK Rosneft, has produced the 20 millionth ton of oil since the beginning of commercial operation of the Srednebotuobinskoye oil and gas condensate field. Achieving a high cumulative production rate has become possible thanks to …

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Eurasia Journal News

OPEC Daily Basket Price: Wednesday, 1 December 2021, Stood at $71.63 a Barrel

Vienna, Austria, 2 December 2021 – The price of OPEC basket of thirteen crudes stood at $71.63 a barrel on Wednesday, compared with $71.01 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), …

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Eurasia Journal News

Gazprom: Gas Production and Supplies – Results for 11 Months

According to preliminary data, Gazprom produced 467.6 billion cubic meters of gas in January-November of 2021, which is 14.7 per cent (or 60 billion cubic meters) more than in the same period of last year. Gazprom ramped up its domestic supplies from the gas transmission system by 15.8 per cent (or by 30.4 billion cubic …

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Eurasia Journal News

Tatneft: Figures Demonstrating Operation Results in November and for Eleven Months of 2021

Crude Oil Production Enterprises of the TATNEFT Group of Companies produced 2,359.2 thousand tonnes of crude oil in November with the production volume from the beginning of the year amounting to 25,390.6 thousand tonnes, which was 1,565.7 thousand tonnes more than during the same period in 2020. PJSC TATNEFT’s production …

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Eurasia Journal News

NOVATEK and PetroVietnam Power Sign Cooperation Agreement on LNG and Power

During the official visit of the President of the Socialist Republic of Vietnam Nguyen Xuan Phuc, PAO NOVATEK (“NOVATEK” and/or the “Company”) and PetroVietnam Power signed the Cooperation Agreement on LNG and power projects in Vietnam (the “Agreement”). President Nguyen Xuan Phuc and NOVATEK’s Chairman of the Management Board Leonid …

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Eurasia Journal News

III Russia-China Energy Business Forum Brings Together More than 300 Representatives of Major Companies

Representatives of the Governments of the Russian Federation and the People’s Republic of China as well as over 300 Russian and Chinese entrepreneurs from major companies took part in the 3rd Russian-Chinese Energy Business Forum. The Forum was attended by Vice Premier of the State Council of the People’s Republic of …

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Eurasia Journal News

Rosneft, USPTU and Tsinghua University Agree on Cooperation in Education

Rosneft, the Ufa State Petroleum Technological University (USPTU) and one of China’s leading universities, Tsinghua University, signed a cooperation agreement on personnel training during the III Russian-Chinese Energy Business Forum. Personnel training and development are priority tasks under the Rosneft-2022 strategy. The Company provides opportunities for its employees to continuously …

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Eurasia Journal News

Rosneft: Signed a Number of Agreements to Involve Chinese Companies in Capital Construction Procurement Procedures

Rosneft and a number of Chinese companies signed agreements on cooperation in the field of procurement procedures at the 3rd Russian-Chinese Energy Business Forum. The main target of the model agreement is to develop long-term mutually beneficial cooperation and enable Chinese companies to participate in Rosneft’s procurement procedures for construction of …

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