Russneft

Gas production in Russia decreased by 6% in the first quarter

According to operational summary of the Central Dispatch Department of the Fuel and Energy Sector, in the first quarter of 2020, volume of gas prod

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In March 2020, oil production in Russia decreased slightly compared to February to 1.54 million tons per day

In March 2020, average daily production of oil and gas condensate in Russia was 1.5408 million tons per day.

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Russian oil is not in a hurry to Belarus

Oil supplies from Russia to Belarus, the restoration of which was expectedfrom April 1, are again delayed.

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Russneft may adjust its investment program

Russneft (part of entrepreneur Mikhail Gutseriev'sSafmar group) may adjust its investment program for the current year due to market situation

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Fitch downgrades Russneft's rating to CCC+

Fitch Ratings has downgraded rating of Russneft, which operates primarily in Russia, from "B" / positive outlook to "CCC+". This was reported by the rating agency.

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Russneft increased production by 3% in February 2020

In February 2020, Russneft increased its production by 3% to 563.3 thousand tons of oil (547.2 thousand tons for the 28 days of February 2019), according to the company's operational data.

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VTB’s structure becomes owner of 8.48% of Russneft’s shares

VTB's structure, Business Finance, has become owner of a stake of 8.48% of Russneft's authorized capital. This follows from the oil company's report for the fourth quarter of 2019.

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Russneft's net profit increased by 27% in 2019

In 2019, the Russneft's net profit increased by 27.4% compared to the previous year and amounted to 14.968 billion rubles, it follows from the company's materials.

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OPEC + minus the virus

According to Kommersant’s information, all Russian major oil companies, with the exception of Rosneft, have proposed extending the deal with OPEC + countries to reduce production for the seco

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Russneft reduced oil production by 1.3% in January 2020

Russneft, part of M. Gutseriev’s Safmar group, produced 600.182 thousand tons of oil in January 2020. This is evidenced by the operational data provided by Russneft on January 31, 2020.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

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