Oil

Limit of reserves at fields in Western Siberia for switching to additional income tax may be increased 3 times

The Russian Ministry of Energy negotiates with the Ministry of Finance to increase the limit of reserves of new fields in Western Siberia for their transition to additional income tax (AIT).

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In March 2018, 19.749 mln tons of oil produced in Yugra

19.749 million tons of oil were produced in Yugra in March 2018. This is by 1.944 million tons more than in February, the Agency of Oil and Gas Information calculated.

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Moody’s confirm resistance of Russian economy to sanctions

Strong foreign economic position and financial system of Russia will help to protect the country's economy from the impact of new US sanctions, it follows from the report of the international r

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In Q1, Russia reduced oil production and increased gas production

In the first quarter of 2018, Russian oil production decreased in annual terms by 1.5%, and gas production, on the contrary, grew by 4.4%.

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Russia and Uzbekistan complete talks on intergovernmental agreement on oil supplies

Russia and Uzbekistan have entered the final stage of negotiations to conclude an intergovernmental agreement on oil supplies. This was announced by the Russian Energy Minister Alexander Novak.

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In Q1, oil production in the Nenets autonomous district fell by 12.2%

In the first quarter of 2018, 4.1 million tons of oil and gas condensate were produced in the Nenets autonomous district.

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In Q1, oil transportation via Baku-Tbilisi-Ceyhan grew by 2%

In the first quarter of 2018, volume of oil pumping through the Baku-Tbilisi-Ceyhan pipeline amounted to 8 258.6 thousand tons, which is by 2.4% more than in the same period of 2017, the State Stat

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Total is interested in alternative energy in Kazakhstan

Leaders of Total EREN, a subsidiary of well-known French Total, specializing in implementation of projects in the field of alternative energy, have announced their readiness to invest in constructi

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Growth in oil products output in the Tyumen region continued in March

Index of minerals production in the Tyumen region made up 99.3% in March 2018. This was reported by the press centre of the region’s governor.

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Ministry of Energy retains forecast for oil production in Russia in 2018

The Deputy Energy Minister of Russia Pavel Sorokin has said that the Ministry of Energy keeps the forecast for oil production in Russia in 2018 at the level of 547 million tons.

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