Oil

Lukoil estimates oil production plateau at the Imilorsky site in Yugra at up to 5 mln tons

Lukoil has estimated achievements of oil production plateau at the Imilorskoye field in the Khanty-Mansiysk autonomous district in the amount of up to 5 million tons per year.

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Lukoil prepares switching of 90 fields to additional income tax

Lukoil expects to transfer about 90 fields in its traditional region of Western Siberia, where production is declining, to a new tax system - the tax on additional income.

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Irkutsk oil company starts designing polymer plant

The Irkutsk oil company has begun design of a polymer plant in the town of Ust-Kut in the Irkutsk region. The plant will be built as part of the third stage of the company's gas project.

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Rosgeologiya signs contracts with Tatweer Petroleum on geophysical exploration in territory of Bahrain

In Manana (Bahrain), Rosgeologiya has signed a contract with Tatweer Petroleum, which ensures fulfillment of tasks within its exploration program for oil and gas.

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The choice is made. How the "Turkish Stream" reaches the heart of Europe.

The route of the European continuation of the second thread of the “Turkish Stream” is taking real shape: all the latest news speaks in favor of the implementation of the option Turkey

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$5.2 bln to be invested in development of oil and gas in Uzbekistan

International consortium consisting of American Epsilon Development Company and Epsilon Asia Limited will invest $5.2 billion in development of oil and gas fields in Uzbekistan.

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Russian Government corrects increase in loading on oil industry

At the meeting on March 21, Russian Government will decide how to change parameters of tax maneuver in the oil industry.

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Kazakhstan to suspend oil production at Kashagan under agreement with OPEC

Kazakhstan is stopping oil production at the Kashagan field in order to fulfill the conditions for reducing production in accordance with the OPEC  agreement concluded in December 2018.

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LUKOIL and Iraq suspend operation of Lima trader JV

LUKOIL and Iraq suspended joint venture Lima. This was announced by the head of the Russian company Vagit Alekperov.

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Azerbaijan and Algeria intend to develop cooperation on hydrocarbon projects, petrochemistry and trade of LNG

Baku and Algeria plan to sign a memorandum on cooperation in the oil and gas sector, the Azerbaijani Energy Ministry said.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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