Eurasia Journal News

The Organization of the Petroleum Exporting Countries (OPEC) welcomes two new initiatives by the Kingdom of Saudi Arabia which aim to reduce emissions and the region’s environmental footprint. HE Mohammad Sanusi Barkindo, OPEC Secretary General, noted that the ‘Saudi Green Initiative’ and the ‘Middle East Green Initiative’ represent an important …

LUKOIL Press Service announces that the Company Management Committee decided to appoint General Director of LUKOIL Uzbekistan Operating Company Stepan Gurzhiy as LUKOIL President’s Envoy to Azerbaijan, Kazakhstan, Uzbekistan, and Turkmenistan. He will be responsible for enhancing cooperation of LUKOIL Group organizations in the aforementioned countries. Source

Vienna, Austria, 30 March 2021 – The price of OPEC basket of thirteen crudes stood at $62.86 a barrel on Monday, compared with $62.56 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), …

In 2020, 27 projects to improve production efficiency (PPE) were implemented at the facilities of LLC RN-Purneftegaz (part of the oil production complex of NK Rosneft ). The economic effect exceeded 800 million rubles, including operating costs decreased by 498 million rubles, capital expenditures – by 302 million rubles. The development of technological and …

Vienna, Austria, 29 March 2021 – The price of OPEC basket of thirteen crudes stood at $62.56 a barrel on Friday, compared with $61.63 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), …

The economic efficiency from the introduction of the digital Arctic logistics management system “Captain” for  2019-2020 amounted to 0.9 billion rubles. Thanks to the application of this system, the unit costs of Gazprom Neft for the export of 1 ton of Arctic oil have decreased by 12% in comparison with the years before …

Young specialists of LLC LUKOIL-Western Siberia (a 100% subsidiary of PJSC LUKOIL) presented innovative projects for the development of the oil and gas industry to experts of the fuel and energy complex within the framework of the IV International Youth Scientific and Practical Forum Oil Capital. The event was held with …

Vienna, Austria, 26 March 2021 – The price of OPEC basket of thirteen crudes stood at $61.63 a barrel on Thursday, compared with $61.61 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), …

Yamal LNG announced that it has shipped 50 million tons of LNG since the project’s commencement. The milestone cargo was loaded on the Arc7 ice-class tanker “Nikolay Zubov” and represented the 685th cargo of LNG dispatched since the first cargo in December 2017. In 2020, the facility produced 18.8 million …

The Chief Executive Officer of Eni, Claudio Descalzi, and the President General Manager of the Algerian state company SONATRACH, Toufik Hakkar, met today at the Eni headquarters in San Donato Milanese to take stock of common activities and sign various agreements in the exploration and production, research and development, decarbonisation …