Oil

Uzbekistan reduced production of oil, but increased output of petrol

In January-July, Uzbekistan increased petrol production to 657.1 thousand tons, which is by 2.9% more than in the same period in 2017.

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OPEC maintains forecast for oil production in Russia in volume of 11.15 mln barrels per day in 2018 and expects its increase by 0.2% in 2018

OPEC has predicted a decline in oil production in Russia in 2018 to 11.15 million barrels per day, as it follows from the monthly report of the organization.

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Rosneft is not yet ready to accept 8 mln tons of oil via branch from ESPO to Komsomolsk refinery

Transneft has not yet received confirmation from Rosneft for pumping of 8 million tons of oil from the ESPO to the Komsomolsk refinery.

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On results f 2017, level of Zarubezhneft’s dividends grew by 22%

On results f 2017, the payment of Zarubezhneft’s dividends exceeded the figure of 2016 by 22%. This was reported by the press centre of the company.

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Siluanov: Russia admits rejection of payment in dollars when supplying oil

Russia, if necessary, can get away from payments in dollars for oil supplies, use other currencies, including the national one, said the First Deputy Prime Minister of Finance Anton Siluanov.

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Transneft-Vostok to increase volume of tank battery at Taishet initial pumping station-1 of ESPO

Transneft-Vostok has completed hydro-testing of a new 50 000 cubic-meter tank battery at the main oil pumping station Taishet of the Eastern Siberia - Pacific Ocean main oil pipeline (ESPO-I).

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In January-July, Azerbaijan increased export of reportable oil by 46%

In January-July 2018, export of reportable oil from Azerbaijan amounted to 16 658.927 thousand tons, as it follows from the State Customs Committee’s report.

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Hydraulic fracturing shows its effectiveness on Messoyakha

Multi-stage hydraulic fracturing has been conducted at the Cenomanian deposits of the East-Messoyakhskoye gas condensate field.

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Rosneft and Equinor to develop North-Komsomolskoye field together

The Russian Government has given a permission to Rosneft to transfer a license to the North-Komsomolsky subsoil site to its joint venture with Norwegian Equinor (former Statoil) – SevKomNefte

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In July, Azerbaijan reduced oil production to 773 thousand barrels per day

In July 2018, daily volume of oil production in Azerbaijan amounted to 773 thousand barrels, the country’s Ministry of Energy reported.

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