TATNEFT Participates in “Oil and Gas KIOGE 2021”
The Company shall demonstrate its massive capabilities and competencies at the XXVIIth International Industry Exhibition in Nursultan (Kazakhstan). The technologies developed by the Company’s exports allow successful solving of problems in the area of oil and gas fields the development, including high viscosity oil fields; in the field of digitalization, …
Tatneft: Operation Results in September and for Nine Months of 2021
Crude Oil Production: Enterprises of the TATNEFT Group of Companies produced 2,359.8 thousand tonnes of crude oil in September with the production volume from the beginning of the year amounting to 20,593.1 thousand tonnes, which was 1,046.6 thousand tonnes more than during the same period in 2020. PJSC TATNEFT’s production …
Rosneft: Starts the Implementation of the Vostok Oil Energy Supply Project
Rosneft has started design work and a complex of engineering surveys for key Vostok Oil energy facilities. Autonomous power supply of the project facilities will be provided through the construction of its own power plants with a total capacity of about 3.5 GW. This is the highest indicator among the enterprises of …
Rosneft: Starts Construction of River Berth Infrastructure for the Vostok Oil Project
Rosneft has begun construction of berths on the Yenisei River to develop transport logistics for the Vostok Oil megaproject. The bases under construction Tochino, Tanalau and the Sever Bay are located in the Taimyr Dolgano-Nenets District of the Krasnoyarsk Territory. In the near future, storage sites for materials and equipment will be …
21st OPEC and Non-OPEC Ministerial Meeting Concludes
The 21st OPEC and non-OPEC Ministerial Meeting, held via videoconference, concluded on Monday, 4 October 2021. In view of current oil market fundamentals and the consensus on its outlook, OPEC and participating non-OPEC oil producing countries: Reaffirmed the decision of the 10th OPEC and non-OPEC Ministerial Meeting on 12 April …
OPEC Daily Basket Price: Friday, 1 October 2021, Stood at $76.36 a Barrel
Vienna, Austria, 4 October 2021 – The price of OPEC basket of thirteen crudes stood at $76.36 a barrel on Friday, compared with $77.72 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), …
Gazprom: Ramping Up Gas Production
According to preliminary data, Gazprom produced 378.1 billion cubic meters of gas in January–September of 2021, which is 17.3 per cent (or 55.7 billion cubic meters) more than in the same period of last year. Gazprom ramped up its domestic supplies from the gas transmission system by 15.9 per cent (or by 23.9 billion cubic …
Supplies of Russian Gas to Hungary and Croatia Via New Route Commences
Today, Hungary and Croatia started receiving Russian natural gas via a new route: the gas is supplied by the TurkStream gas pipeline and further across the national gas transmission systems of Bulgaria, Serbia, and Hungary. Supplies via this route were made possible thanks to a new gas trunkline built in Hungary by FGSZ Ltd., as well as the completion of expansion of the national gas …
OPEC Daily Basket Price: Thursday, 30 September 2021, Stood at $77.72 a Barrel
Vienna, Austria, 1 October 2021 – The price of OPEC basket of thirteen crudes stood at $77.72 a barrel on Thursday, compared with $77.13 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), …
Uzbekistan Hails Debut International Rating for State Energy Giant
The Uzbekistan Ministry of Energy today welcomed the debut rating for the state-owned Uzbekneftegaz JSC (UNG) by Fitch Ratings, a major milestone towards the creation of a market-based energy sector in the nation. Fitch has assigned a rating of BB- with stable outlook to UNG, following the oil and gas …