Vladimir Putin: OPEC+ Production Based on Rising Oil Demand
President of the Russian Federation Vladimir Putin believes that production within OPEC+ is calculated based on the growing demand for oil. He expressed this opinion while answering questions from journalists. “The volumes of oil and petroleum products consumed in the world are increasing due to the growth of the global …
The Deadline for Selling the Unclaimed Share of Foreigners in Sakhalin-1 Has Been Extended Until the End of the Year
The deadline for selling the unclaimed share of foreign partners in the new operator of the Sakhalin 1 project has been extended until the end of 2024. On April 8, Russian President Vladimir Putin signed a decree amending Decree No. 723 of October 7, 2022, according to which the deadline …
Putin: in the Far East There is Opportunity for Multiple Growth in Extractive Industries
According to the president, the percentage of subsoil exploration in the Far East on average across regions is now 35% The subsoil in the Far East is only 35% explored, taking into account this there is scope for multiple growth in the extractive industries, including scarce and strategically important types …
Vladimir Putin Explained the Reduction in Gas Production
Oil and gas revenues are lagging behind the plan, Siluanov said. Putin replied that although the price of gas “has dropped a little” and production is declining, the situation is “absolutely stable” Russia has set a certain price for gas and reduced production, but these actions are connected with the …
Gazprom and NIOC Sign Memorandum of Understanding for Strategic Cooperation
During the visit of Russian President Vladimir Putin to the Islamic Republic of Iran, a Memorandum of Understanding for strategic cooperation was signed today in Tehran by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Mohsen Khojastehmehr, CEO of National Iranian Oil Company. The document envisages the analysis of cooperation prospects, inter alia, in the following areas: development of Iranian …
Rosneft and CNPC: Strengthen Oil Supply Cooperation
During the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), negotiations were held between PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) and the Agreement was signed on the supply of 100 million tons of oil to China through Kazakhstan for …
III Russia-China Energy Business Forum Brings Together More than 300 Representatives of Major Companies
Representatives of the Governments of the Russian Federation and the People’s Republic of China as well as over 300 Russian and Chinese entrepreneurs from major companies took part in the 3rd Russian-Chinese Energy Business Forum. The Forum was attended by Vice Premier of the State Council of the People’s Republic of …
Vladimir Putin Congratulates Lukoil Staff on Company’s 30th Anniversary
Vladimir Putin, President of the Russian Federation, sent a message to the personnel of PJSC LUKOIL, congratulating them on the 30th anniversary of the Company. The head of the state noted that LUKOIL celebrates its anniversary while flourishing, showing confident growth and occupying solid positions in the domestic and global …
Gazprom: Completes Gas Injection into UGS Facilities in Russia and Goes Over to European Storage Facilities
Gazprom is completing gas injection into underground storage facilities in Russia to ensure uninterrupted gas supply to the domestic market in the coming winter and is starting to increase supplies to UGS facilities in Europe. Such plans of the company were announced at the end of October by the chairman of …
Gazprom: Amur Gas Processing Plant Enters Operation
The commissioning ceremony for the first production train of the Amur Gas Processing Plant (GPP), one of the largest plants of its kind in the world, took place today via a video link. The implementation of such an ambitious project in the area of gas processing has no parallel in the history of Russia’s gas sector. Amur Gas Processing Plant Enlarged photo (JPG, 14.4 MB) Taking …