Eurasia Journal News

Vienna, Austria, 23 May 2019–The price of OPEC basket of fourteen crudes stood at $71.03 a barrel on Wednesday, compared with $71.71 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 …

Vienna, Austria, 22 May 2019–The price of OPEC basket of fourteen crudes stood at $71.71 a barrel on Tuesday, compared with $72.47 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 …

JSC Uzbekneftegaz and SOCAR’s subsidiary LLC “NIPI NEFTEGAZ” have signed an agreement to increase oil production in Kashkadarya within the framework of the XXIII International exhibition and conference “Oil and Gas of Uzbekistan OGU – 2019”, the press service of the JSC Uzbekneftegaz reported. The document defines the main conditions …

Net profit for Q1 2019 of RUB107.9 billion, a 1.5-fold (54.9 percent) increase year-on-year Adjusted EBITDA* up 26.9 percent year-on-year, reaching RUB197.7 billion Net debt to EBITDA ratio as at end Q1 2019 standing at 0.59x Gazprom Neft today announces its consolidated IFRS financial results for three months ended March 31, 2019. Gazprom Neft’s revenue in the first three months of 2019 totalled RUB586.4 billion, a 12.6 percent increase year-on-year, …

Vienna, Austria, 21 May 2019–The price of OPEC basket of fourteen crudes stood at $72.47 a barrel on Monday, compared with $72.57 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 …

Specialists at Orenburgneft, a subsidiary of Rosneft, conducted successful pilot tests of an innovative technology for developing hard-to-recover reserves. The technology consists of thermogas-chemical exposure to a solution of mixtures that, under the influence of an activating substance, trigger a chemical reaction inside the formation. Under the influence of temperature, the …

Kazakhstan’s energy ministry expects crude output at the giant Kashagan field in the Caspian Sea to reach 370,000-400,000 b/d in early June, with the project producing additional 3 million barrels above an initial plan in 2019 due to an early restart after major maintenance work. Production at Kashagan was restarted …

PAO NOVATEK announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facility with annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project. The contract terms provide for the launch …

Volga Gas plc (“Volga Gas” or “the Company”), the oil and gas exploration and production group operating in the Volga Region of Russia, announces that at its Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed. Details of the votes cast for each resolution will …

Vienna, Austria, 20 May 2019–The price of OPEC basket of fourteen crudes stood at $72.57 a barrel on Friday, compared with $72.61 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), Girassol (Angola), Djeno …