Processing

SOCAR to make final investment decision on project of gas processing and petrochemical complex before the end of 2019

Final investment decision on project of gas processing and petrochemical complex SOCAR GPC will be made in the fourth quarter of 2019. On April 22, 2019, financial director of SOCAR Polymer of R.

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Growth in subsidies to oil companies to be provided by increase in MET

Russian government is close to a consensus on increasing subsidies to oil companies for supply of fuel to the domestic market.

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Star refinery to increase its capacities on oil and petroleum products storage 1.6 times by 2021

Turkish refinery Star plans to increase capacity of a plant for storage of crude oil and petroleum products 1.6 times until 2021. This was stated by general director of the company Mesut Ilter.

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Mozyr oil refinery continues production of commercial products

Production of commercial products at Mozyr oil refinery continues in full range and of proper quality, despite the failure of equipment.

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In 2018, Mozyr refinery increased sale of diesel fuel by 14%

Last year, Mozyr refinery increased sales of diesel fuel by 14% to 3.02 million tons, the mass media reported.

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In Q1 2019, Uzbekistan reduced petrol output by 21%

In January-March 2019, Uzbekistan reduced petrol production by 21% and increased production of diesel fuel by 8.2% compared to the same period in 2018,the mass media reported.

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In Q1, SOCAR increased export of petroleum and petrochemical products

SOCAR exported 456.379 thousand tons of petroleum and petrochemical products in the first quarter of 2019, which is by 10.5% more than in the previous year, the Interfax reports.

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Lukoil annually invest 500 bln rubles in oil production and almost doesn’t export petrol

Lukoil successfully completed 2018 and managed to stabilize hydrocarbon production. This was reported by head of the company Vagit Alekperov to the Russian President Vladimir Putin.

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Tax maneuver turns out badly for Russian oil companies in Belarus

Heads of six filling station networks ask Deputy Prime Minister of Belarus Igor Lyashenko to harmonize levels of wholesale and retail prices for petroleum products, taking into account the "su

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In Q1 2019, Shebelinsky gas processing plant increased oil processing by 7%

In January-March 2019, Shebelinsky gas processing plant increased processing of crude oil by 6% (7 thousand tons) compared to the same period in 2018 to 122.8 thousand tons.

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