Rosneft to Sell Some of Russia’s Brownfields to Local Companies
Sova Capital and BGS brokerages announced that Rosneft company plans to sell its old depreciated oil fields to local companies.
Russia | Egypt Oil & Gas - Part 14
RORC Produces Over 1 MM Tonnes of Euro 6 Gasoline
Ryazan Oil Refining Company (RORC), the largest refining asset of Rosneft, has produced in excess of 1 million tonnes of environmentally-friendly Euro 6 gasoline.
Gazprom Sets Record Gas Production at the Leningradskoye Field
Following a set of tests at Gazprom’s Leningradskoye field, the commercial gas inflow reached the heights of 1 million cubic meters per day (mcm/d).
OPEC Mulls Deeper Output Cuts in 2021
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) are looking into the possibility of further cuts early next year in an effort to try and revitalize the oil market.
Lukoil Seeks to Inaugurate New Oilfield Projects in Iraq
Russia’s state-run oil company, Lukoil PJSC, is looking to set up new oilfield projects in Iraq despite OPEC+ production cuts and a slump in oil demand.
OPEC+ Warns of “Precarious” Oil Market
The Organization of Petroleum Exporting Countries and its allies (OPEC+) has warned that the state of the oil market is in a “precarious” position and has hinted towards a change of tack in regards to oil cuts.
Novak: OPEC+ Set to Relax Oil Cuts As Planned
Russian Energy Minister Alexander Novak announced on 14 October that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a global spike in coronavirus cases.
Gazprom’s Gas Transit Via Ukraine Reaches 40 BCM in 2020
Gazprom, Russia’s state-owned gas company, has pumped 40 billion cubic meters (bcm) via Ukraine’s transmission system in 2020.
Russia Oil, Gas Production Exceeds OPEC Pact
Russian oil and gas condensate production has edged to 9.93 mmbbl/d in September, slightly exceeding its Organization of Petroleum Exporting Countries’ (OPEC) quota.
Gazprom Supplies China with 2.3 bcm in 8 Months
Russia’s state-owned gas company, Gazprom, supplied 2.3 billion cubic meters (bcm) of gas to China via the Power of Siberia gas pipeline in the first half of 2020.
