
LUKOIL to Support Creation of Kogalym Branch of State Russian Museum
A pentalateral agreement on the development of cultural cooperation in the Khanty-Mansi Autonomous District (Yugra) was signed today on the sidelines of the St. Petersburg International Economic Forum. The document was signed by Russian Minister of Culture Olga Lyubimova, Governor of Yugra Natalya Komarova, President of LUKOIL Vagit Alekperov, General Director …

Rosneft and Baker Hughes Agree on Carbon Management Cooperation
Rosneft and Baker Hughes have signed a Carbon Management Cooperation Agreement at the XXIV St. Petersburg International Economic Forum. This Agreement confirms the mutual aspiration of Rosneft and Baker Hughes for the joint development, testing and implementation of advanced carbon management technology solutions. The companies will assess the potential of …

Gazprom Neft and NOVATEK Set up a Joint Venture to Operate on the Arctic Shelf
Gazprom Neft and NOVATEK set up a joint venture to develop the Severo-Vrangelovsky license area. The corresponding agreement was signed at the St. Petersburg International Economic Forum by Alexander Dyukov, Chairman of the Gazprom Neft Management Committee, and Leonid Mikhelson, Chairman of NOVATEK’s Management Committee. The decision was the result of …

OPEC Daily Basket Price: Thursday, 3 June 2021, Stood at $69.89 a Barrel
Vienna, Austria, 4 June 2021 – The price of OPEC basket of thirteen crudes stood at $69.89 a barrel on Thursday, compared with $69.37 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), …

Tatneft Published its IFRS Consolidated Interim Condensed Financial Statements for the First Quarter of 2021
PJSC Tatneft published on its web-site (www.tatneft.ru) the unaudited consolidated interim condensed financial statements for the three months ended 31 March 2021 (the “Financial Statements”) prepared in accordance with International Financial Reporting Standards (“IFRS”) and the related Management’s Discussion and Analysis of Financial Condition and Results of Operations (the “MD&A”). …

Rosneft Commences Construction of Power Generation Facilities for Vostok Oil Project
As part of the XXIV St. Petersburg International Economic Forum, OOO Vostok Oil (a Rosneft Group Subsidiary) and OOO Inter RAO Engineering (an Inter RAO Group Company) concluded survey and design contracts to underpin construction of Train 1 power generation facilities for the Vostok OIl Project. Inter RAO Engineering is …

Gazprom Neft and Shell Extend Cooperation in Upstream, Technology and Renewable Energy
Gazprom Neft and Shell have signed a Memorandum of Understanding setting out a framework for further cooperation in hydrocarbon exploration and production, technological collaboration and carbon footprint reduction. The MoU was signed on the sidelines of the St. Petersburg International Economic Forum in the presence of Vadim Yakovlev, Gazprom Neft, Deputy Chairman of the Management Board, and Cederic Cremers, …

LUKOIL and Rostec Draw up Cooperation Plan
Sergey Kochkurov, Vice President for Oil and Gas Production in Russia of PJSC LUKOIL, and Dmitry Lelikov, Deputy CEO of Rostec State Corporation, met today at the St. Petersburg International Economic Forum. They defined the development strategy for their joint activities envisioned by the current Cooperation Agreement. The parties plan to launch …

MOL Group’s Covid-Prevention in Numbers: USD 20mn on Measures, USD 5mn on Support
By the end of the 3rd wave of the pandemic in Central and Eastern Europe,MOL Group implemented extensive preventive measures and invested more than USD 20 mn (HUF 6.1 billion) protecting employees and customers against Covid-19. MOL have provided more than 8,000,000 masks, 14,000,000 gloves, 170,000 litres of disinfectant and …

Gazprom Neft Expands Cooperation with the Talent and Success Fund
Gazprom Neft entered into an agreement on cooperation in research and educational activities with the Talent and Success Foundation. The document was signed by Alexander Dyukov, Chairman of the Gazprom Neft Management Committee, and Elena Shmeleva, Head of the Talent and Success Foundation, during the St. Petersburg International Economic Forum. …