Eurasia Journal News

Crude Oil Production In May 2016 TATNEFT Group enterprises produced 2,381,642 tonnes of crude oil (104.6% versus May 2015, +105 919 tonnes) with the five months volume amounting to 11,596,296 tonnes (105% versus 2015, + 555,242 tonnes). The production volume of PJSC TATNEFT amounted to 2,352,747 tonnes of crude oil …

Salym Petroleum Development (SPD) updated the terms of the license agreement for the West Salym oilfield.  Pursuant to addendum to the document, SPD extended validity of the license until 31 December 2130. “For the first time in Russia’s oil industry, a joint venture with foreign participation obtained from the state a guaranteed right …

In January-May 2016, Surgutneftegas produced 25.525 million tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 3,593.7 thousand tonnes, 4% up versus five months of the last year. In January-May 2016, gas production in Surgutneftegas amounted to 4,099 million cubic meters. For …

As the largest gathering of drilling professionals in Kazakhstan, the 2nd KDR is a must attend event if you are involved in the Kazakh drilling market. Organized in partnership between TMG Worldwide and JSC NC KazMunayGas, the 1st KDR attracted over 180 delegates from more than 100 separate companies. The …

PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, is pleased to provide an update on operations at Licence 61.   Highlights Production Current gross production from Licence 61 is about 3,000 bopd …

Rosneft Oill Company and ONGC Videsh Limited have closed the transaction of selling 15% shares in Vankorneft JSC to an Indian company. This transaction shows that the project portfolio of Rosneft Oil Company can be re-evaluated more than twice. Base price of the transaction is USD 1.27 billion (about 83 …

Rosneft delegation participated in the thirteen session of the inter government Russian-Chinese commission for energy cooperation. Rosneft is the leader in the Moscow-Beijing energy dialog, Company projects with Chinese partners are the key elements of the economic cooperation between the two countries. Actual joint cooperation aspects were discussed at the …

Rosneft delegation participated in the thirteen session of the inter government Russian-Chinese commission for energy cooperation. Rosneft is the leader in the Moscow-Beijing energy dialog, Company projects with Chinese partners are the key elements of the economic cooperation between the two countries. Actual joint cooperation aspects were discussed at the …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, took place in Sochi today. The parties discussed relevant cooperation issues, placing an emphasis on planned gas supplies to China via the eastern and western routes, as well as the prospects of collaboration in the field of underground gas storage, gas-fired power generation, and natural …

Tengizchevroil, a Chevron-led joint venture and Kazakhstan’s No.1 oil producer, may take out loans and issue bonds to finance its $37 billion plan to expand production, an official at state oil firm KazMunayGaz said on Thursday. KazMunayGaz also holds a stake in Tengizchevroil. “There are different scenarios, but we think …