Eurasia Journal News

LUKOIL started test production at three oil fields of the Komandirshorskaya Group – Komandirshorskoye, North Komandirshorskoye and West Komandirshorskoye – in the Nenets Autonomous District. The initial recoverable reserves of the three fields are estimated at 11 million tons. The production commenced at all the three geological structures of the …

PAO NOVATEK reported today preliminary operating data for the first quarter 2020. In the first quarter 2020, NOVATEK’s hydrocarbon production totaled 150.2  million barrels of oil equivalent (boe), including 19.08 billion cubic meters (bcm) of natural gas and 3,048 thousand tons of liquids (gas condensate and crude oil), resulting in …

The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Meeting reaffirmed the continued commitment of …

Opec countries and allies led by Russia have agreed in principle to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered in the coronavirus crisis. But there was some confusion after …

Top managers of TATNEFT and the Company’s employees, who joined them, will transfer their average one-day salary to the TATNEFT’s Charity Fund to support residents of the region who face difficulties in the pandemic conditions. The Company’s Management Board Members will also transfer their remuneration amounts. TATNEFT Charity Fund will …

Vienna, Austria, 9 April 2020—The price of OPEC basket of thirteen crudes stood at $21.19 a barrel on Wednesday, compared with $22.67 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), …

The supercomputing infrastructure will support researchers in virus analysis Eni has freely made its supercomputing infrastructure and its molecular modelling skills available for Coronavirus research, offering its contribution with its tools and resources of excellence in the fight against this global emergency. The collaboration is part of the European EXSCALATE4CoV …

Crude Oil Production The enterprises of the TATNEFT Group of Companies produced 2,442 thousand tonnes of crude oil in March 2020 with the production volume from the beginning of the year amounting to 7,280 thousand tonnes, which was 52 thousand tonnes less than during the same period in 2019. PJSC …

TATNEFT posted an official statement on actions in the context of the COVID-19 virus pandemic on its website (http://www.tatneft.ru) and the Company opened a special information block STOPCOVID-19. The statement has been addressed to employees of the TATNEFT Group and their families, shareholders, investors, business partners, contractors, suppliers, customers, as …

Vienna, Austria, 8 April 2020—The price of OPEC basket of thirteen crudes stood at $22.67 a barrel on Tuesday, compared with $23.48 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), …