Russia Oil and Gas

In the period from January 1 to August 15, 2018, Gazprom increased gas production by 8.1% (23.1 billion cubic meters) in annual comparison to 306.9 billion cubic meters.

In the first six months of the current year, NNK-Khabarovsk oil refinery (part of Neftegazholding) made the net loss in the amount of over $2.452 billion.

Gazprom's Board of Directors has planned to discuss the impact of Western sanctions on the holding company in 2017-2018.

LLC RN-Yuganskneftegaz, a subsidiary of Rosneft, set a record for daily oil production. For the first time in the newest history of Russia, this figure was 194,011 tons a day.

Convention on the legal status of the Caspian Sea, signed on August 12, will expand international cooperation in the field of energy.

In the first six months of the year, Gazpromneft increased hydrocarbon production by 2% compared to the same period in 2017 to 44.92 million tons of oil equivalent.

In the first six months of the year, according to the company's report, Gazpromneft increased the volume of oil processing at its own and joint refineries by 9.8%.

In the first six months of the year, Ufaorgsintez (petrochemical asset of Bashneft) reduced its net profit 1.8 times, as it follows from the reporting of the enterprise.

In the United States, work was resumed on the bill NOPEC, which is designed to counter OPEC and the parties to the OPEC+ agreement to reduce oil production.

At the end of June 2018, TANECO (Tatneft) and Russian developer of solutions for the petrochemical industry (Chemtech, RRT) reported on a pilot project on digitalization of production.