Russia’s state-run Gazprom Neft has sold its first Arctic oil cargo to China to ChemChina.

Gazprom Neft now assumes the deal will be effective until the middle of the year.

Mubadala Petroleum, Gazprom Neft, and the Russian Direct Investment Fund (RDIF) have agreed to set up a joint venture (JV) to develop oilfields in Siberia.

Gazprom Neft announced that it has begun testing the production of liquefied natural gas (LNG) at its new gas plant located at the Badra field.

Gazprom Neft signed a memorandum of understanding (MoU) with Iran’s Oil Industries Engineering and Construction Company (OIEC) on July 27th to assess the Changuleh and Azar Oilfields.

Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister Bijan Zanganeh, stated.

Russia's Gazprom Neft and Austria's OMV signed a memorandum of understanding (moU) for working together on Iran’s oil and gas projects.

Gazprom Neft has started Pre-commissioning works for a complex gas treatment plant (CGTP) at the Badra oilfield in Iraq.

Gazprom Neft, Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that western sanctions have driven an increase in the use of the Chinese currency by Russian companies.

JSC Gazprom Neft reported start of shale oil production from the Bazhenov formation during tests of two wells in southern Priobskoye field in central western Siberia. Tests are planned for two other wells.