President of LUKOIL and President of Kazakhstan Discuss Cooperation Prospects
President of the Republic of Kazakhstan Kassym-Jomart Tokayev received President of LUKOIL Vagit Alekperov in Nur-Sultan. LUKOIL’s leader presented an account of the Company’s last year activities in Kazakhstan, including implementation of joint projects by LUKOIL and KazMunayGas. The parties discussed the current state and future prospects for Zhenis and Al-Farabi offshore projects, as …
Mass Events Banned in the Moscow Region
The ban on holding mass events for a period of a month, the Governor of the Moscow Region, Andrei Vorobyov, explained by the increase in the incidence of coronavirus infection The Governor of the Moscow Region, Andrei Vorobyov, ordered to prohibit the holding of mass events in the Moscow Region …
OPEC Daily Basket Price: Monday, 14 June 2021, Stood at $71.99 a Barrel
Vienna, Austria, 15 June 2021 – The price of OPEC basket of thirteen crudes stood at $71.99 a barrel on Monday, compared with $71.31 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), …
Petrosibir: Start of Production on Yanbayskoye and Seismic Program – Bashkiria
As planned the Company commenced commercial production from the new Yanbayskoye oil field on 1 June 2021. The current production rate is 145 bopd from the Kyn-Pashyisky horizon, production from the upper Bobrikovsky horizon will be added in the beginning of July. As announced earlier and following the successful drilling …
OPEC Daily Basket Price: Friday, 11 June 2021, Stood at $71.31 a Barrel
Vienna, Austria, 14 June 2021 – The price of OPEC basket of thirteen crudes stood at $71.31 a barrel on Friday, compared with $70.90 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), …
Rosneft Agrees Heads of Terms to Sell a Stake in the Vostok Oil Project to a Consortium of Vitol and Mercantile & Maritime
Rosneft and a consortium of Vitol S.A. and Mercantile & Maritime Energy Pte. Ltd. (hereinafter, the Consortium) signed heads of terms for a transaction providing for the sale of a 5% stake in the authorized capital of OOO Vostok Oil. The agreement confirms the Consortium’s intention to acquire a stake …
Rosneft Recognized as the Best National Exploration Company in the International Rating Wood Mackenzie
PJSC NK Rosneft won the Best National Geological Exploration Company nomination in the international rating of the Wood Mackenzie analytical company at the end of 2020. Increasing oil and gas reserves is one of the key objectives of the Rosneft-2022 Strategy. The company has committed itself to replenishing at least 100% …
Expert RA Agency has Affirmed the Credit Rating of Rosneft Oil Company at the Highest Level, the Forecast is Stable
The Russian rating agency Expert RA has confirmed the credit rating of Rosneft at the highest level – ruAAA, with a stable outlook on the rating. Expert RA assesses the competitive position of Rosneft as strong, including due to large proven hydrocarbon reserves and low production costs. The agency also emphasizes …
OPEC Daily Basket Price: Thursday, 10 June 2021, Stood at $70.90 a Barrel
Vienna, Austria, 11 June 2021 – The price of OPEC basket of thirteen crudes stood at $70.90 a barrel on Thursday, compared with $71.21 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), …
Gazprom Neft Publishes its 2020 Sustainability Report
Gazprom Neft has published its 2020 Sustainable Development Report, prepared in line with Global Reporting Initiative (GRI) standards, ISO Guidelines on Social Responsibility, best-performance guidelines from the Russian Union of Industrialists and Entrepreneurs, and recommendations from the Financial Stability Board’s Task Force on Climate Related Financial Disclosures (TCFD). The report …