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SIBUR and TNK-BP have signed agreements on strategic partnership in the production, refining and utilization of hydrocarbon feedstock

The Chairman of the Board of Directors of SIBUR Holding Leonid Mikhelson, Executive Director of TNK-BP German Khan and Chairman of the Management of SIBUR Holding Dmitry Konov have signed a set of agreements on strategic partnership between the companies in the areas of production, refining and utilization of hydrocarbon …

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KMG EP has Signed Share Purchase Agreement with MOL Hungarian Oil and Gas Plc. for the Sale of 49% of Shares in JSC Karpovskiy Severniy

KazMunaiGas Exploration Production JSC announced the conclusion of the Share Purchase Agreement with MOL Hungarian Oil and Gas Plc. on sale of 49% of shares in Karpovskiy Severniy JSC. Karpovskiy Severniy JSC is a subsoil use right holder under the Contract for Exploration of Oil, Gas and Condensate at Karpovskiy …

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Novatek reports preliminary operating data for the second quarter and first half 2012

NOVATEK reported preliminary production data for the second quarter and first half 2012. Gross production for the second quarter totaled 14.04 billion cubic meters of natural gas and 1.04 million tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 1.91 billion cubic meters, or by …

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Oil and Gas Production Board Elkhovneft Celebrates Its 50th Anniversary

Oil and Gas Production Board “Elkhovneft”, which is one of the leading divisions of OAO TATNEFT, celebrates its 50th anniversary. The function dedicated to this memorable date was held at the “Neftche” Palace of Culture in Almetyevsk (Tatarstan) on July 6. Farid Mukhametshin, Chairman of the State Council of the …

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Figures Demonstrating Results of Our Operations in June and for Six Months of 2012

Crude Oil Production OAO TATNEFT produced 2,132,023 tons of crude oil in June or 100.1 percent versus June 2011 (+1,684 tons). The Company produced 12,913,231 tons In six months, which was 56,106 tons more than in 2011 (100.4 percent) with the above-the-plan production accounting for 287,017 tons (102,3 percent). The …

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Tatneft Ensures Stable Operation of Oilfield

A set of technical/technological and organizational measures to provide for stable and accident-free operation of oilfield facilities is being implemented at OAO TATNEFT to ensure the environmental safety of crude oil production. Significant impact on the reliability of the oil field equipment at the facilities of the Company is a …

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Exillon Energy: Production Data for June

Exillon Energy plc, a London premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora  and West Siberia, is pleased to announce unaudited production data for the month of June 2012 (“the Period”). ·      Our average daily production[1] was 12,131 bbl/day during the period, an increase of 7% …

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Max Petroleum Plc: Operational and Financial Update

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an operational and financial update. The Company has experienced further delays drilling its NUR-1 well and as a result does not expect to reach total depth of 7,250 metres before August 2012. The delays largely …

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Exillon Energy plc – May Production Reportand Drilling Update

Exillon Energy plc (EXI.LN), a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of May 2012. ·      Average daily production1 for the Group was 11,320 bbl/day during the period. …

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Max Petroleum Plc: Operational Update 8 June

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is  pleased to announce an operational update of its activities in the Blocks A&E Licence area. Successful Appraisal Well at Asanketken The ASK-J2 appraisal well in the Asanketken Field has reached a total depth of 1,401 …

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