Eurasia Journal News

It is Planned to Ensure the IT Independence of the Russian Oil and Gas Industry by 2028

For this, a consortium of leading fuel and energy companies is being created. Oil and gas companies plan to create an industrial consortium “Neftegaz”. With its help, they expect to completely cover the IT needs for the industry with domestic solutions by 2028. This was stated by the head of …

READ MORE →
Eurasia Journal News

Gazprom Neft will Develop Hydrogen Technologies

Gazprom Neft joined the Council of Industrial Partners of the Technological Hydrogen Valley consortium. The company will participate in projects to develop technologies for the production, transportation, storage and use of hydrogen, as well as the utilization of carbon dioxide. Today, Gazprom Neft already produces more than 100 thousand tons …

READ MORE →
Eurasia Journal News

Saudi Aramco Offers To Buy Into Russia’s Arctic LNG 2 Project

Saudi Arabia’s oil giant Aramco has offered to buy a stake in Russia’s liquefied natural gas project Arctic LNG 2 and hopes that project operator Novatek will accept the offer, Saudi Arabia’s Energy Minister and chairman at Aramco, Khalid al-Falih, told Russian news agency TASS in an interview published on Monday. Saudi …

READ MORE →
Eurasia Journal News

SIBUR and Schneider Electric Sign Enhancing Energy Efficiency Co-Operation Agreement

Russian petrochemical group SIBUR and Schneider Electric, the global specialist in energy management and automation, have signed a Memorandum of Cooperation. At the Saint-Petersburg International Economic Forum the document was signed by SIBUR’s General Director Dmitry Konov and by Schneider Electric Chairman and CEO Jean-Pascal Tricoire. In partnership with leading …

READ MORE →
Russia Oil Gas Magazine

Sibur and Siemens AG Sign Cooperation Agreement

The Russian petrochemical group Sibur and the German company Siemens have signed a cooperation agreement in Moscow today. The signing ceremony was attended by Executive Director of Sibur, Vladimir Razumov and the President of Siemens in Russia, Dietrich Moeller. The agreement aims to develop partnerships for the implementation of joint projects. The parties plan …

READ MORE →
Eurasia Journal News

Sibur Holdings: Financial Results – Revenues Up 33.5%, APG Up 6.1%

PAO SIBUR Holding, an integrated gas processing and petrochemicals company, today published its operational and financial results for the nine months ended 30 September 2014 in accordance with International Financial Reporting Standards (IFRS). Operational highlights Associated petroleum gas (APG) processing volumes increased by 6.1% year-on-year Raw natural gas liquids (raw …

READ MORE →
Uncategorized

Rosneft and Sibur Signed an Agreement of Cooperation in the Sphere of Oil Products Supply

Rosneft and SIBUR signed a long-term agreement of cooperation in the sphere of development, testing and industrial introduction of lubricating materials and oil products. Under the agreement the parties will evaluate the demand of lubricating materials and oil products of the production facilities of the petrochemical holding. Moreover the companies …

READ MORE →
Uncategorized

Rosneft Q1 Figures: Debt Down and Gas Production Doubles

In Q1 2014 Rosneft’s crude oil and liquids production (including production of subsidiaries and proportionately consolidated entities, and the share in production by affiliates) reached 4,189 th. bpd (0.5% growth year-on-year), gas production reached a record-high level of 13.18 bcm (i.e. more than doubled). In Q1 2014 the Company was …

READ MORE →
Uncategorized

Atos, Gazprom Neft and SIBUR Sign Memorandum Forming Strategic Long Term IT Services Partnership in Russia

On the 22nd of February, 2014 Atos, a leading European IT services provider and Worldwide IT Partner for the Olympic Games, Gazprom Neft, one of Russia’s leading oil producers, and SIBUR, Russia’s leading petrochemical Group, have signed a Memorandum of Understanding for a long term strategic partnership in IT services. As part of the strategic partnership Atos will invest in the development of ITSK, an IT …

READ MORE →
Uncategorized

Gazprom Neft and SIBUR to Build New GPP in Khanty-Mansi Autonomous Area

Gazprom Neft and SIBUR have signed an agreement for construction of a new gas processing plant (GPP) with an annual associated petroleum gas (APG) processing capacity of 900 million cubic metres on the basis of existing Yuzhno-Priobskaya compressor station in the Khanty-Mansi Autonomous Area. The GPP is designed to have liquids recovery ratio at least of 95%, in line with global practices. The project will …

READ MORE →