LUKOIL Announces IFRS Financial Results for the First Quarter Of 2021
PJSC “LUKOIL” released its condensed interim consolidated financial statements for the three-month period ended March 31, 2021 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2021 4Q 2020 1Q 2021 1Q 2020 (RUB bln) 1,876.5 1,530.3 Sales 1,876.5 1,666.0 314.4 189.6 EBITDA 314.4 150.8 157.4 29.4 Profit (loss) for …
Rosneft has Launched a Project for the Construction of an Oil Loading Terminal in the Port of Bukhta Sever
In the north of the Krasnoyarsk Territory, PJSC NK Rosneft is launching a project to build an oil loading terminal at the port of Bukhta Sever. The work is being carried out within the framework of the locomotive project of the Vostok Oil Company. A leading team of specialists from the United …
LUKOIL Recieves Award for Excellence in Non-Financial Reporting
LUKOIL is among the winners of the annual Russian Business Leaders: Dynamics, Responsibility, Sustainability contest, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP). The jury noted the Company’s achievements by awarding it a win in the Excellence in Sustainable Development Reporting category. LUKOIL has been among the pioneers of non-financial reporting in …
Domanik Oil: Mysterious Stranger from the Carboniferous Period
Domanik oil is one of the most mysterious and amazing. To begin with, it is often green. Due to its complex geological structure, it is very difficult to find, easy to lose and impossible to forget, because these reserves are estimated at 200 billion tons. This would be enough for …
OPEC Daily Basket Price: Tuesday, 25 May 2021, Stood at $67.41 a Barrel
Vienna, Austria, 26 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.41 a barrel on Tuesday, compared with $66.93 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), …
Orenburgneft Will Save More than 1 million Rubles when Repairing One Well
The specialists of Orenburgneft JSC (the producing asset of Rosneft) have developed a technology for cleaning the well after hydraulic fracturing (hydraulic fracturing). This technology reduces the well completion period by 13 hours and saves more than 1.3 million rubles. The potential average annual economic effect after the introduction of the technology …
A Collective Agreement was Signed at LUKOIL Technologies
LUKOIL-Technologies (100% subsidiary of PJSC LUKOIL) approved a Collective Agreement. The document regulating social and labor relations and mutual obligations of the employees of the enterprise and the employer was adopted for the first time. The document was signed by Rinald Khamidullin, General Director of OOO LUKOIL-Technologies, and Irina Savelyeva, Chairman of …
TATNEFT’s Board of Directors Summed Up the First Quarter Operation Results of 2021
A regular meeting of the Board of Directors of PJSC TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on May 25, 2021. The meeting reviewed performance results of the Company’s budget for four months of 2021 and approved the budget for June, as …
Rosneft Develops a Software Package for Modeling Oil and Gas Mixture Flows
RN-BashNIPIneft specialists have developed and released the first industrial version of the RN-SIMTEP simulator designed to simulate the movement of oil and gas mixture flows at oil and gas facilities. Having your own simulator will allow you to apply artificial intelligence technologies when choosing the best design solutions. The development of …
OPEC Daily Basket Price: Monday, 24 May 2021, Stood at $66.93 a Barrel
Vienna, Austria, 25 May 2021 – The price of OPEC basket of thirteen crudes stood at $66.93 a barrel on Monday, compared with $64.18 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), …