Eurasia Journal News

Vienna, Austria, 27 February 2020—The price of OPEC basket of fourteen crudes stood at $54.01 a barrel on Wednesday, compared with $55.88 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), …

BP today announced that, following an in-depth review examining the alignment of the climate-related policies and activities of trade associations with BP’s positions, it will leave three US-based organisations – American Fuel and Petrochemical Manufacturers (AFPM), the Western States Petroleum Association (WSPA) and the Western Energy Alliance (WEA). Earlier this month …

Vienna, Austria, 26 February 2020—The price of OPEC basket of fourteen crudes stood at $55.88 a barrel on Tuesday, compared with $56.11 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), …

Kazakh state oil and gas firm KazMunayGaz plans to float its shares in October or November this year, deputy chief executive Zhakyp Marabayev said on Tuesday. Marabayev, speaking at a meeting at the energy ministry, provided no other details. Kazakhstan has said it would sell a stake of up to …

Yamal LNG announced that it has shipped its thirtieth million ton of LNG since the commencement of the project. The Arc7 ice-class tanker “Nikolay Yevgenov” loaded the 411th cargo as the project reached 30 million tons of LNG dispatched since the start-up of Train 1 in December 2017. The facility …

Gazprom Neft has entered into a further social and economic cooperation agreement with the Government of the Khanti-Mansi Autonomous Okrug—Yugra. The signatories to this agreement were Alexander Dyukov, CEO and Chairman of the Management Board, Gazprom Neft, and Natalya Komarova, Governor of the Khanty-Mansi Autonomous Okrug—Yugra. The agreement outlines a series of socially meaningful initiatives to be implemented in the …

Net profit of RUB400.2 billion for FY2019, a 6.2% increase year-on-year Adjusted EBITDA* maintained at 2018 level, at RUB795.1 billion Net debt-to-EBITDA ratio of 0.7 at year-end Gazprom Neft (the “Company”) today announces its IFRS consolidated financial statements for the 12 months ended 31 December 2019 (FY2019). In 2019, revenue totalled RUB2.485 trillion, maintaining the 2018 level. Adjusted EBITDA remained stable, at RUB795.1 billion — the negative …

Vienna, Austria, 25 February 2020—The price of OPEC basket of fourteen crudes stood at $56.11 a barrel on Monday, compared with $58.17 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, 24 February 2020—The price of OPEC basket of fourteen crudes stood at $58.17 a barrel on Friday, compared with $58.94 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), …

Reduced total debt during the fourth quarter by $184 million to $3.3 billion and reduced net debt by $218 million to $2.9 billion Amended 2018 Credit Agreement in December 2019 to provide additional covenant flexibility Issued $1 billion of six- and eight-year notes in January 2020. Successfully tendered for approximately …