Russia | Egypt Oil & Gas - Part 46
Sudan Signs Agreement with Russian Company on Gas Liquefaction
The Ministry of oil in Sudan signed a $70m agreement with Russia’s Gazohim Techno for liquefaction of gas produced at Neem field in the west of the country using a process known as gas-to-liquids (GTL), Sudan Tribune ...
Iran, Russia to Talk Energy
“The Russia-Iran intergovernmental commission will convene in late October-early November. Now Iran is readying proposals regarding participation of companies in its production projects, and when they announce t...
No Supply Disruptions Expected for Russian Gas This Winter
Eastern European countries—many of them heavily dependent on Russian natural gas supplies—are hopeful that improving security in Ukraine and low global prices will secure gas supplies from disruption, Reuters reported...
Shell Starts Working Offshore Bulgaria
Royal Dutch Shell has been awarded a contract to explore for oil and gas in the Black Sea off the Bulgarian coast, Reuters reported. Two blocks, Silistar and Tares, were placed for auction by the small country in Apri...
Russia May Raise Oil Taxes
The Russian government, facing budget deficits due to low oil prices, may restructure taxes on crude to make up for the shortfall, Bloomberg reported. Russia, which relies on oil revenues for about 50% of its revenues...
South Sudan Struggling with Oil Revenues and Cooperation
South Sudan’s parliament passed a budget for 2015/2016 on Tuesday, reported Reuters. “The house observed that some (ministries) are demanding additional funds. However, given with the wide budget deficit i...
OVL Buys Stake in Massive Russian Field
Indian firm OVL is buying a 15% stake in the massive Siberian oil field in Russia’s far East, Dispatch Times reported. The deal was finalized over the Vankor field, the second largest in Russia. Up to this point the f...
Gazprom Reports High Sales in Europe
The Russian gas giant Gazprom posted higher-than-normal sales for the first half of the year, said UPI. Profits for the firm for the first six months are up 50% over a year ago, listed at roughly $10b. Revenue also ro...
