Refining

Energy Ministry: Prime cost of a barrel of oil in Russia is $25

Prime cost of oil production in Russia, taking into account transportation, is $25 per barrel. This was stated by Deputy Minister of Energy Pavel Sorokin.

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Placement of Sibur’s shares may take place after launch of Zapsibneftekhim

It doesn’t make sense to conduct IPO of Sibur, which has been discussed for over ten years, taking into account acceleration of launch of the company’s key project Zapsibneftekhim, the

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Total progress of works on Amur gas processing plant construction is 30%

In January 2019, readiness of Amur gas processing plant of Gazprom was 30%, the press centre of NIPIGAZ reported.

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Syzran refinery increases annual volume of oil processing by 16%

According to preliminary results, in 2018 the Syzran refinery processed more than 6.9 million tons of oil, which is by 16% more than in the previous year.

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Uzbekistan wants to buy up to 5 mln tons of oil from Kazakhstan and Russia

Uzbekistan has been interested in oil supplies from Kazakhstan and Russia in the amount of up to 5 million tons per year.

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In January, petrol production in Azerbaijan fell by 3%, diesel fuel – by 0.4%

In January 2019, the production of petroleum products in Azerbaijan decreased by 5.6% compared to January last year to 216.8 million manats, the Interfax-Azerbaijan Agency was informed by the State

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Resin producers in the Russian Federation increase purchases of methanol by 13% over the past year.

Last year Russian producers of synthetic resins increased methanol consumption by 32 thousand tons, according to the Argus agency, citing railway freight forwarders.

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SOCAR Polymer’s net profit from operation of polypropylene and high-density polyethylene plants to be about $2 bln

SOCAR Polymer's revenues from operation of plants for production of polypropylene and high-density polyethylene in Sumgayit is expected to be $6.6 billion, the net profit will be $1.98 billion,

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In 2018, Belarusian oil refineries made loss of 358 mln

Belarusian oil refining industry continues to generate losses. In 2018, according to national statistics, the net loss exceeded 350 million.

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Lukoil offers to buy part of New Stream’s assets

Lukoil has made a proposal to buy the Antipinsky oil refinery and fields of the New Stream Group of companies, the RBC reports citing a federal official and several sources close to one of the part

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