Gazprom and Novatek extend Memorandum of Cooperation
Gazprom and NOVATEK have extended the Memorandum of Cooperation signed this April until February 1, 2013. According to the document, Gazprom and NOVATEK address possible establishment of joint ventures to build up integrated capacities on liquefied natural gas (LNG) production on the Yamal Peninsula and joint development of the available …
Technology of Dumping and Cleaning Produced Water at the Well Cluster
The technology of dumping and cleaning produced water at the well cluster developed by TatNIPIneft of the JSC TATNEFT is being successfully implemented at TATNEFT Company for separation and cleaning of the water produced at the well cluster with subsequent water injection into the injection wells of the same cluster. …
Bashneft sells its stake in Financial Alliance
Bashneft has concluded a contract for the sale of its 50% stake in the authorized capital of LLC Financial Alliance (a professional rolling stock operator) to JSFC Sistema. The transaction was approved by Bashneft’s Board of Directors on December 20, 2012. This transaction forms part of Bashneft’s strategy for the divestment of non-core assets, which is aimed at enhancing operational efficiency and promoting competition on the market …
Vladimir Nesterenko is appointed General Director of Bashneft-Polyus
The Board of Directors of LLC Bashneft-Polyus, a joint venture of JSOC Bashneft and OJSC Lukoil which develops the R. Trebs and A. Titov oilfields in the Nenets Autonomous District, approved Vladimir Nesterenko as the company’s new General Director. The former General Director of LLC Bashneft-Polyus Vitaly Litvinenko decided to continue his career outside Bashneft. Vladimir Mikhailovich Nesterenko was born in 1972. In 1998 …
Bashneft acquires companies owning licence areas in Bashkortostan
Bashneft has completed the acquisition of LLC Garsar and LLC Mobel-Neft holding licences for oilfields and promising subsoil areas in the Ermekeyevsky district in the west of the Republic of Bashkortostan. LLC Garsar holds a licence for geological exploration, prospecting and production of hydrocarbons at the Sabirovskiy licence area (the licence expires on December 31, 2035). The area borders the Karimovskoye …
Owners of over 5 million of Bashneft’s bonds of the first series decide not to submit buyback requests after the coupon rate is reduced
On December 21, 2012, Bashneft completed the buyout of series 01, 02 and 03 documentary interest-bearingnon-convertible bonds (hereinafter referred to as the ‘Bonds’) with the par value of 1,000 roubles per bond under the obligatory offer made on December 3, 2012 after a new coupon rate was set at 8.35%; the rate will be applicable until the Bonds are redeemed in December …
Gazprom and Saint Petersburg Government sign Agreement of Cooperation for 2013
An Agreement of Cooperation for 2013 was signed today in Saint Petersburg by Alexey Miller, Chairman of the Gazprom Management Committee and Georgy Poltavchenko, Governor of Saint Petersburg. Peter and Paul Fortress, Saint Petersburg Enlarge photo (JPG, 296 KB) Pursuant to the document, the parties will continue the joint efforts on comprehensive development of the gas distribution system in Saint Petersburg and …
Purchase contract and Transmission Agreement signed for Uzbek gas
Led by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, the Gazprom delegation paid today a working visit to the Republic of Uzbekistan. Uzbekistan Enlarge photo (JPG, 174 KB) As part of the visit, Alexander Medvedev and Shokir Faizullaev, Chairman of the Board of Uzbekneftegaz signed in the presence of Rustam Azimov, First Deputy Prime Minister of Uzbekistan a contract for the purchase …
Gazprom finishes heat supply system reconstruction in Petrodvortsovy district of Saint Petersburg
The Petrodvortsovy district of Saint Petersburg hosted celebrations today dedicated to commissioning of the most large-scale project within reconstruction of heat supply facilities in the city – a 419 MW boiler house in the Lomonosov municipality. Alexey Miller (center) and Georgy Poltavchenko (left) at boiler house in Lomonosov municipality (Saint Petersburg) Enlarge photo (JPG, 2 MB) Taking part in the events were Alexey Miller, …
TNK-BP Acquires New Fields in the Orenburg Region with Total Reserves Exceeding 8 Million Tons
TNK-BP informs about the acquisition of 100% stake in Yupiter-A LLC, which owns licenses for Tverdilovskiy and Pogromnenskiy areas in the Orenburg region with total reserves (C1+C2) of 8.1 mln tons. Asset portfolio expansion is a part of the massive program aimed at efficient development of the prospective oil and …