Eurasia Journal News

PAO NOVATEK announced today the acquisition of AO South-Khadyryakhinskoye and AO Eurotek from AR Oil&Gas B.V., joint venture of AO Neftegazholding and Repsol S.A. AO South-Khadyryakhinskoye holds the hydrocarbon exploration and production license for the South-Khadyryakhinskiy license area located in close proximity to infrastructure of the North-Khancheyskoye field developed by …

St. Petersburg hosted today a meeting of the Inter-Agency Working Group on Reducing Dependence of Russia’s Fuel and Energy Complex on Imported Products involving representatives of Gazprom. The meeting was chaired by Denis Manturov, Minister of Industry and Trade of the Russian Federation. Gazprom was represented at the event by …

PAO NOVATEK (“NOVATEK” and/or the “Company”) today announced that Yamal LNG has commenced producing liquefied natural gas (LNG) at the first LNG train, with the nameplate capacity of 5.5 million tons per annum. The first cargo loading is scheduled on 8 December 2017 at the Sabetta port using the first …

Kazakh President Nursultan Nazarbayev recently discussed the status of energy projects in Kazakhstan, including the Karachaganak and Kashagan fields, with Chief Executive Director of the Royal Dutch Shell Ben van Berden and Chairman of the Board of Directors and Chief Executive Officer of Chevron John Watson. Van Buren noted that …

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) announces that its Board of Directors (“the Board”) has approved the Company’s 2018 budget and 2018-2022 business plan. KMG EP’s Independent Directors abstained from voting on approval of the 2018 budget and 2018-2022 business plan. The budget for 2018 assumes a …

OMV, the international integrated oil and gas company based in Vienna, has completed the acquisition of a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia from Uniper SE following fulfillment of all closing conditions including regulatory and co-shareholder approvals. The purchase price paid by OMV …

PJSC LUKOIL today released its condensed interim consolidated financial statements as of and for the three and nine months ended 30 September 2017 prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 3Q​ 2017 2Q 2017  (bln RUB) 9M 2017 9M 2016 1,483.5 1,359.2 Sales 4,274.3 3,826.1 221.1 179.0 EBITDA 607.8 547.5 …

Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the nine months ended September 30, 2017. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months …

OAO Yamal LNG (“Yamal LNG”) was granted State permission to commission the main technological facilities of the LNG plant’s first stage, including the first liquefaction train, 58 gas wells and the respective infrastructure. Evgeniy Kot, General Director, Yamal LNG, stated: “Obtaining permission to commission the first LNG train is the cumulative …

Kazakhstan hopes to settle a dispute with global energy companies developing the Karachaganak gas condensate field in the coming weeks, Energy Minister Kanat Bozumbayev told reporters on Monday, reported Reuters. “I hope that before the end of this year we and the (Karachaganak) shareholders… will invite you to a table …