Eurasia Journal News

Vienna, Austria, 8 July 2020–The price of OPEC basket of thirteen crudes stood at $43.15 a barrel on Tuesday, compared with $43.57 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), Girassol (Angola), Djeno (Congo), …

Strategy and implementation actions to reduce the Company’s carbon footprint confirmed, and possibly speeded up; Long-term prices assumptions for Brent crude oil set at $60 /barrel (from 2023 onwards, in real terms), compared to $70/barrel previously  Claudio Descalzi, Eni’s CEO, commented: “We confirm our strategy to become a leader in …

Vienna, Austria, 7 July 2020–The price of OPEC basket of thirteen crudes stood at $43.54 a barrel on Monday, compared with $42.93 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), Girassol (Angola), Djeno (Congo), …

Vienna, Austria, 6 July 2020–The price of OPEC basket of thirteen crudes stood at $42.93 a barrel on Friday, compared with $42.89 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), Girassol (Angola), Djeno (Congo), …

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for June 2020. Production Report The average production in June 2020 was 3,248 barrels of oil equivalent per day (4% lower than May 2020). This decline was attributable to …

Crude Oil Production Enterprises of the TATNEFT Group of Companies produced 1,960 thousand tonnes of crude oil in June 2020 with the production volume from the beginning of the year amounting to 13,260 thousand tonnes, which was 1,559.2 thousand tonnes less than during the same period in 2019. PJSC TATNEFT’s …

Gazprom Neft and Zarubezhneft have signed a binding agreement on establishing a joint venture for exploration and production of hard-to-recover oil reserves in the Khanty-Mansi Autonomous Okrug—Yugra, and on developing effective technologies, to that end. The new joint venture’s asset portfolio will include the Salysmky-3 and Salymsky-5 license blocks, both located in the Khanty-Mansi Autonomous Okrug, at which the …

Vienna, Austria, 2 July 2020–The price of OPEC basket of thirteen crudes stood at $42.66 a barrel on Wednesday, compared with $38.22 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), Girassol (Angola), Djeno (Congo), …

Rosneft Oil Company has presented its updated public statement – “Rosneft: Contributing to Implementation of UN Sustainable Development Goals”. In 2018, the Company’s Board of Directors approved Rosneft strategy on compliance with the 17 UN Sustainable Development Goals. Following the global practices, the Company has determined five goals of strategic priority …

Rosneft is taking all necessary measures to prevent the occurrence of coronavirus infection at its administrative and production facilities, providing support to doctors and medical institutions. To combat coronavirus, the Company uses an inclusive approach that takes into account the best Russian and international practices of countering COVID-19, including those recommended …