Russia

In 2018, investment program of Transneft to be reduced by 30% to 56.3 bln rubles

In 2018, Transneft's investment program will make up 56.3 billion rubles, significantly reduced. This was announced by the first deputy head of Transneft M.

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Russia to take its niche on global LNG market due to Yamal projects

Novatek has intended to transform itself into a global gas company - such plans are laid down in the presented new corporate strategy for 2018-2030, published on the official website.

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Baumgarten scares Italy: it lasts a very short time without Russian gas.

In particular, as La Stampa writes, the country's own gas reserves for full provision of all the needs will last for a fortnight.

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Polyus decides to develop Sukhoi Log independently

Polyus will develop the Sukhoi Log deposit independently, although there were proposals from other players to work together on the project, said the head of Polyus Pavel Grachev.

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Gazprom decides to increase funding for the gasification program in the Omsk Region to 1,080 million roubles in 2018.

The Omsk Region fully fulfills its obligations to prepare consumers for gas in the gasification program. This was discussed at the meeting of A.

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Russia expects participation of Russian companies in oil and gas projects in Kyrgzstan

The Russian Government counts on participation of Russian oil and gas companies in relevant projects in Kyrgyzstan. This was reported by the Russian Deputy Prime Minister Arkady Dvorkovich.

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SOCAR is seriously considering buying the Sicilian asset of LUKOIL – Isab.

SOCAR is considering buying Isab, the oil refinery, currently owned by LUKOIL, the Vice President of the Azerbaijani company for investment and marketing E. Nasirov stated on December 14, 2017.

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Russian Ministry of Energy calculates stocks of oil products and assess possible risks

On December 14, 2017, a regular meeting of the staff on monitoring of production and consumption of petroleum products was held in the office of the Energy Ministry of the Russian Federation.

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The head of the European Council announces the extension of the sanctions against Russia.

The European Union extended sanctions against Russia, which were introduced after the annexation of the Crimea, the chairman of the European Council Donald Tusk wrote in his tweet.

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In 2017, manufacturing of pipes in Russia to grow by 9%, consumption – by 3%

According to evaluation of the Pipe Industry Development Fund, by the end of 2017 the total production of steel pipes in Russia will amount to 11.4 million tons, and the volume of consumption - abo

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