Eurasia Journal News

LUKOIL Employees Receive National Awards

President of Russia Vladimir Putin signed an Executive Order on granting awards to employees of LUKOIL Group. LUKOIL’s First Executive Vice President Vadim Vorobyov and LUKOIL’s Vice President for Economics and Planning Gennady Fedotov, as well as general directors of several LUKOIL Group organisations – namely Andrei Bogdanov (LUKOIL-Nizhegorodnefteorgsintez LLC), Nikolai Lyashko (LUKOIL-Nizhnevolzhskneft LLC) and …

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Eurasia Journal News

Russian President Vladimir Putin Congratulated Gazprom Neft on its 25th Anniversary

Russian President Vladimir Putin congratulated the Gazprom Neft team on the  25th anniversary of the company. In the  telegram, the head of state noted: “Since then, Gazprom Neft has become one of the successful, competitive domestic oil and gas companies, has become one of the recognized leaders in the production, processing and sale of petroleum …

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Eurasia Journal News

Igor Sechin Reports to the President of the Russian Federation on the Company’s 2019 Operating Results and Prospects of Vostok Oil Project

Vladimir Putin has held a working meeting with Rosneft Oil Company Chief Executive Officer Igor Sechin. The Company’s 2019 results and its promising projects were the main topics of the meeting. According to Igor Sechin, despite the deteriorating international situation, the 2019 results of Rosneft’s operation remained positive. For instance, …

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Eurasia Journal News

NOVATEK and JOGMEC Sign MOU on LNG Cooperation

Today, taking the opportunity of the meeting between the President of Russian Federation Vladimir Putin and the Prime Minister of Japan Shinzo Abe, Chairman of the Management Board of PAO NOVATEK (“NOVATEK”) Leonid Mikhelson and Chairman and CEO of Japan Oil, Gas and Metals National Corporation (JOGMEC) Tetsuhiro Hosono, signed …

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Eurasia Journal News

Vladimir Putin Signs a Law on Low Oil Export Duties

Russian President Vladimir Putin signed a law on reducing export duties on oil within the framework of tax maneuver. The corresponding document is published on the portal of legal information. The tax maneuver provides that the export duty on oil will decrease from the current 30% to 0% within six …

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Eurasia Journal News

Vladimir Putin Offers Congratulations on Gazprom’s 25th Anniversary

A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller briefed Vladimir Putin on the major achievements of the Company over the past 25 years and on the progress of the strategic projects. Russian President offered his congratulations to the staff of Gazprom. In the course …

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Eurasia Journal News

Rosneft: Spins Bit at Tsentralno-Olginskaya-1 in the Northernmost Russian Arctic Shelf

Rosneft started drilling of the Tsentralno-Olginskaya-1 well at the Khatangsky license area. The well is the northernmost at the Russian Arctic shelf. President of Russia Vladimir Putin launched exploration drilling via video link-up with Rosneft Chief Executive Officer Igor Sechin who was on the shore of the Khatanga bay. In …

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Eurasia Journal News

Bovanenkovskoye: Bovanenkovo – Ukhta 2 Pipeline Comes On Stream

The ceremonial inauguration of new production capacities and the Bovanenkovo – Ukhta 2 gas trunkline took place today at the Bovanenkovskoye field. The event was attended by Alexey Miller, Chairman of the Gazprom Management Committee, and heads of Gazprom’s specialized structural units, subsidiaries and contracting organizations. The ceremony featured an address by Russian President Vladimir Putin, who spoke …

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Eurasia Journal News

Rosneft: Glencore and Qatar Buy 19.5%, $11bn Stake

Commodity trader Glencore Plc and Qatar’s sovereign wealth fund agreed to buy a 10.2-billion euro ($11 billion) stake in Russia’s largest oil producer from the state in a triumph for President Vladimir Putin over sanctions imposed by the West. Glencore, Qatar state fund to split 19.5% stake in Rosneft Deal …

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Eurasia Journal News

OPEC: Russia Offering To Freeze Not Cut Production

Facing pressure from OPEC to make a significant output reduction, Russia reiterated its readiness to freeze oil production at current levels, arguing that the offer amounted to a cut compared with next year’s plans. Freeze means 2017 Russian output would be less than planned OPEC asked non-members to cut 500,000 …

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