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Articles:

Protecting Russia from the Collapse of Oil Prices Following the Mexican Scheme
Despite the fact that the prices for Urals oil are kept in the corridor of $ 40-45 per barrel, this is not very optimistic. Firstly, this level is still on the verge of a deficit-free budget. Secondly, the ghost of the second wave of coronavirus is walking both in Europe and in the whole world.
--23-07-2020--
Russia and OPEC Agreed to Increase Production. What will Happen to Oil Prices and the Ruble?
Saudi Arabia, Russia and other OPEC + countries have agreed to increase oil production from August to avoid the risk of shortages and maintain price stability amid recovery in demand. However, due to the countries that have exceeded their production quotas in May and June, production will not grow as much as expected.
--16-07-2020--
Russian Oil Market Crisis: Prices will Remain Low
The intentions announced on April 12-13, 2020 by the OPEC + G20 countries to reduce oil production should have unfolded the dynamics of prices in the world market for growth. However, it became clear that the expected effect did not work. In the foreseeable future, oil prices will remain low.
--22-04-2020--
Unprecedented Oil Crisis: Ñonsequences of the Price War between Saudi Arabia and Russia
The coronavirus epidemic has led to an unprecedented drop in demand for raw materials and a collapse in quotations. In a world where everything has stopped, the price of oil is likely to move in only one direction - down.
--20-04-2020--
The Price of Pandemic: How Much Russia will Lose Due to Coronavirus
The Russian economy, like many other economies in the world, is already “infected” with the coronavirus. But unlike many, ours was also struck by the price war virus in the oil market.
--14-04-2020--
The US is Thinking about New Sanctions against Russia because of the Collapse in Oil Prices
The White House could intervene in the oil war of Saudi Arabia and Russia.
--19-03-2020--
Russian Currency Fell on News of the Rapid Spread of the Coronavirus
The situation with the spread of coronavirus is worsening in China. There are already 80 victims, the number of infections is 2804. Markets are responding to the spread of the virus: oil is getting cheaper, stock indices are falling, the ruble is weakening, and the prices of assets that are traditionally considered defensive are rising.
--27-01-2020--
Bloomberg: Demand for Russian Oil is Growing
US sanctions against Iran and Venezuela have resulted in an increase in demand for Russian crude oil.
--29-09-2019--
Russian Businessmen Entered the Top 5 in Terms of Wealth Growth in the World Ranking
This is evidenced by the Forbes Real Time rating data. It tracks the change in capital of the richest people on the planet and is updated in real time.
--16-09-2019--
The Best Russian Employers
Five Russian enterprises were listed in the ranking of the best employers by Forbes.
--24-10-2018--
OPEC Exceeds Its Plan In Reducing Oil Production
The Organization of Petroleum Exporting Countries (OPEC) in October exceeded its plan to reduce oil production by five percent.
--08-11-2017--
OPEC Extends the Agreement On Limiting Oil Production
The Organization of Petroleum Exporting Countries (OPEC) will extend the agreement on limiting oil production till the end of 2018.
--07-11-2017--
“Lukoil” May Sell Its Gas Stations In Russia
“Lukoil” may decide to sell all its gas stations in Russia before the end of the year.
--11-04-2017--
Rosneft Announced New Partnership
The transaction of the purchase of a 19.5 percent stake in the “Rosneft” company by a consortium consisting of the Glencore oil trader and the Qatar Investment Autority (QIA) sovereign fund has been closed.
--05-01-2017--
Rosneft Delivered Gasoline to APR
Rosneft Trading SA Company being a part of the “Rosneft” Group delivered the first batch of gasoline in the Asia-Pacific Region (APR).
--15-08-2016--
The Largest Russian Oil Buyers
Forbes first published the rating of the largest Russian oil buyers.
--24-04-2016--
Oil And Gas Forum
Without stand-by capacities in gas production and transportation its market (stock exchange) value will be several times higher than regulated prices.
--19-04-2016--
New Oil Cartel
Russia is planning to create a new cartel which will control over three quarters of the world oil.
--21-03-2016--
Oil Export Duty
The Head of “Rosneft” Igor Sechin believes that the increase in the tax burden in the fuel and energy sector will lead to a decrease in oil production.
--18-10-2015--
Rosneft Protests Against OFAC Decision
Rosneft has posted an official statement over the move to include some of its subsidiaries on the sanctions list by OFAC.
--06-08-2015--
Rosneft Will Enter Helivert Joint Venture
“Rosneft”, the Italian Finmeccanica SpA company and “The Helicopters of Russia” signed an agreement on the reorganization of the Helivert joint venture.
--20-07-2015--
Rosneft Posts 2014 Figures
The Russian oil giant produced 251.6 mtîå of hydrocarbons in 2014, 14.5% up from 2013, and EBITDA grew by 11.6 percent, totaling RUB 1,057 billion.
--04-03-2015--
Gazprom's Substitution Program
“Gazprom” intends to refuse from the procurement of products in the countries that have joined the sanctions against Russia within the frame of the import substitution program.
--24-02-2015--
Buzz Barometer: Russia’s Bailout Plan Unlikely to Work – Forbes
The US magazine has dissected the blueprint tabled by the Russian cabinet in response to the deteriorating economic outlook in a no-words-minced piece by contributor Anna Borshchevskaya.
--16-02-2015--
Rosneft Launches Output on 3rd Sakhalin 1 Field
Rosneft has launched production at the Arkutun-Dagi field after painstaking preparatory works involving international players amid tough sanctions imposed by an alliance of countries over Russia’s alleged role in the Ukraine crisis.
--28-01-2015--
The Anti-crisis Plan Will Deprive Rosneft Of NWF Money
The approach to the use of the National Welfare Fund (NWF) has changed: now the money will be allocated to the anti-crisis plan in the first place, and then later on infrastructure projects.
--25-01-2015--
Buzz Barometer: Russia Feels Oil Price Pinch - The Guardian
The Guardian painted a grim picture of Russia’s future amid falling oil prices, with the Russian government barely holding the fort.
--25-11-2014--
Buzz Barometer: Rosneft's $50 BN Relief Plea
The government is facing a huge dilemma – to cough up almost $50 billion requested by the Russian oil giant Rosneft for its investment plans or not.
--26-10-2014--
Global Oil Demand Reduces
The experts from the International Energy Agency have lowered its forecast of global oil demand. According to the IEA, at year-end of 2014 the world will consume a daily average of 92.4 million barrels of oil. This is about 200 thousand barrels less than it was previously conceived.
--16-10-2014--
Buzz Barometer: Russia's Oil Industry Stymied by Sanctions
Despite Moscow’s shrugging off Western sanctions as ‘foolishness’, there’s growing evidence that the restrictions imposed over Russia’s alleged role in the Ukraine crisis may be working, at least in terms of bad publicity.
--05-10-2014--
Gazprom Corruption Scandal
During the next few months the General Prosecutor's Office of Switzerland intends to bring an official accusation of corruption against the four people, possibly including two top managers of “Gazprom”.
--03-09-2014--
Oil Prices Are Predicted To Fall
Oil prices may fall “significantly below” $ 100 per barrel in 2015-2017, this sum being forecasted by the Ministry of Economic Development of the RF, the Deputy Finance Minister of Russia Aleksei Moiseev believes. He connects the possibility of oil prices reduction with the reducing influence of geopolitical risks.
--31-08-2014--
Rosneft Asks For State Support
“Rosneft” that has asked for the state financial aid in the amount 1.5 trillion roubles from the funds of NWF can count upon a sum many times smaller than that, the Minister of Economic Development Aleksei Ulyukayev said. The Ministry of Energy proposes to support certain investment projects of the company.
--29-08-2014--
The USA Sanctions Against Rosneft May Influence The Plans For Its Privatization
The USA sanctions against “Rosneft” may influence the plans for its privatization. This was reported by the Russian Minister of Economic Development Aleksei Ulyukayev. The issue of sanctions will be raised in the WTO.
--20-07-2014--
Rosneft Conducts Legal Analysis Of Sanctions
Operating cash flow of “Rosneft” allows the company to continue the implementation of current projects under the sectoral sanctions of the USA.
--19-07-2014--
Rosneft's Q1 2014 Financials Positive But Future Uncertain
Rosneft boasts positive operating and financial results for 1Q 2014 amid fears for the future after its president has been placed on the US black list.
--03-05-2014--
BP's Interest in Russia Could Backfire - Media Reports
BP could be the biggest loser in the west-east stand-off over Ukraine if the situation deteriorates further, according to independent analysts. The British oil giant has come under increasing pressure from its shareholders over its close relations with Russia’s Rosneft.
--13-04-2014--
Gazprom Might Change Currency For International Transactions
Gazprom finds it possible to use the Russian ruble in the transactions with foreign contractors.
--05-04-2014--
Media Buzz: Possible US Oil Sale as Penalty for Russia
George Soros has been actively promoting a crude sale-off by the US as a penalty for Russia. But would a renewed US-Saudi energy alliance be a more powerful instrument?
--28-03-2014--
Strong Outlook for Russia's Energy Sector - Report by BP
Russia will remain a strong energy player on the global markets by 2035, says a study by BP. Click here to find out more.
--20-01-2014--
International Monetary Fund Urges Russia To Abandon Oil "Props"
Russia requires far-reaching policy reforms with the support of new investments, tight fiscal policy and more efficient use of resources. The pre-crisis growth factors of the Russian economy have been exhausted, according to the International Monetary Fund's annual review of the Russian economy.
--23-10-2013--
Buzz Barometer: Lukoil
Lukoil has been generating a lot of news recently, so we decided to take a look at what’s driving the buzz.
--22-04-2013--
Paper Review: Russian Rosneft's Rally
The news of the possible purchase of the Russian oil company TNK-BP by state-controlled Rosneft made a splash in the media on Thursday and will surely send more ripples as analysts digest the rumours and as more details will be coming out.
--18-10-2012--
Media Predicts Tough Times for Gazprom
What will Russia's gas giant Gazprom do if it loses its key supplier status in Europe? Russia-IC looks at what the international media has to say on the matter.
--01-10-2012--
The Failure of BP-Rosneft Deal
BP's and Rosneft's deal for $16 billion collapsed. Russian state-owned company is out of the agreement with BP due to the refusal of the Russian shareholders of TNK-BP to sell its stake in the company, at this moment Rosneft is searching for the new partners.
--22-05-2012--
Oil Deliveries Dispute
It's been a long time since Russia and China couldn't agree on future gas supplies and have already fallen out due to the terms of existing contract for oil supplies. Russian side has accused China of violating the treaty and asks to return 100 million dollars of the debt. Otherwise, Moscow will take the matter to the international court.
--22-05-2012--
Science Increases Oil Production Efficiency
Oil under the ground is often contained in so-called “collectors” – layers of porous rocks. In order to reach “black oil” engineers drill wells, to which oil travels from surrounding rocks through highly porous and permeable rocks and later gets extracted. During drilling of wells or after a long-term well operation pores of oil-bearing rocks get clogged and large amount of oil is left inside the Earth forever. Such clogging is also known as “wall cake” or “filter cake”.
--23-03-2011--
Russian Gas in Europe
Germany's Wintershall, a unit of BASF joins Russia's South Stream gas pipeline project, which will transport Russian gas under the Black Sea to Europe. What is the Europe's energy strategy for the future and does the crisis in Japan and Libiya riots affect gas export?
--22-05-2012--
Rosneft and BP are Planning to Drill for Oil in a Remote Region of the Arctic. Is it a Slapdash Environmental Attitude?
Russian Rosneft oil company and British BP will explore the Kara Sea, known for its energy resources and the most fragile environment in the world. This fact frightens ecologists.
--22-05-2012--
Roman Abramovich's "Eclipse" has Enriched Germany for 400 Million Euros
At last the Hamburg shipyard Blohm and Voss has delievered the biggest and the most expensive in the world yacht Eclipse to it's owner, Russian billionaire Roman Abramovich.
--22-05-2012--
Special Gel to Improve Oil Production
Russian scientists invented a polymer-gel system for extracting additional oil from a well and reducing water content in hydrocarbon materials. The system was called “Temposcreen”.
--24-03-2009--
Rouble Plunges against Oil Prices Decline
On Thursday the rouble dived against the dollar, which increased by record 34 kopecks. The Russian national currency’s fall is caused by foreign investors who hurriedly convert roubles to dollars and Euros and leave the Russian stock market due to political risks.
--22-09-2008--
Oil Production Goes down in Russia
Russia has cut oil production for the first time during the past 10 years. Other oil exporting nations also prefer to save their oil deposits rather than sell it on the international market. No wonder, their profits head all the records anyway.
--06-05-2008--
Coal and Energy Giant was Born in Russia
The biggest energy holding in Russia has been created as a merger of Siberian Coal and Energy Company (SUEK) and a number of power assets owned by Gazprom. The new company will be under control of the Russian gas monopolist. In case the deal is approved by the Russian regulatory bodies, the energy holding's value will exceed $16 billion. Consolidated SUEK plans to file IPO in prospect.
--28-02-2008--
Russian Oil only for Russia
For the first time in the modern history of Russia the export of crude mineral oil has dropped. At the same time the more amount of oil is processed inside of the country. It seems to be comforting at first: selling gasoline abroad instead of crude oil is much profitable. However, the Russians consume more gasoline now than it was just a few years ago, while the domestic oil companies fail to satisfy the mounting demand of the Russian market.
--15-01-2008--
Gas and Oil in the Focus of Greek-Russian Mutual Interests
Yesterday the three day official visit of the Greek MP Costas Karamanlis to Moscow was over. It was the fifth Russia-Greek meeting at the high level for the last two years. The main result of the meeting is the Russia’s claim to supply double as much gas to Greece up to 2040.
--20-12-2007--
Whales versus Oil Production
Russian engineering and technology company “ScanEx” has launched a project on space monitoring of seawaters near the Sakhalin Island, where oil is produced and grey whales unfortunately dwell, being an endangered species.
--25-09-2007--
Australia and Russia to Develop Common Market
Within the APEC summit, which is held in Australia this week, Australia and Russia are planning to increase their economic cooperation in many fields, including peaceful use of uranium. Australian businessmen regard Russian market as developing and promising. At the same time the Russian side is to keep on investing into Australian natural assets industries.
--06-09-2007--
Microbes Fighting Oil Contamination
Russian scientists are currently developing a new agent for remediation of soils, polluted with oil and petroleum refinery products. The agent is based upon a complex of some special microorganisms – oil destructing microbes.
--03-07-2007--
Oil Production: Temperance and Abstention
Research fellows from Moscow Gubkin State Academy of Oil and Gas claim oil production should be temperate, and they have substantial reasons to say so since they suggest a geodynamic concept of continuous formation of hydrocarbon materials.
--15-03-2007--
Oil Conflict: Review
Hardly had the RF and Byelorussia struck a compromise over gas price, a new conflict flared up between the two countries. This time oil or, to be more exact, the cost of supplies to Byelorussia became the sticking point.
--15-01-2007--
Oil Goes East
Last year appeared to be turning for oil&gas industry of Russia – construction of the export pipeline towards the countries of the Asia-Pacific Region was commenced at last.
--22-05-2012--
Russian Electronic Gas Platform Makes Gas Trade Rise
The Russian electronic platform has conducted the second gas trading recently. As it turned out, bulk consumers are ready to purchase gas at $70 per 1 thousand cubic meters, which exceeds the controlled price 50%.
--26-12-2006--
Universal Gas-Vortex Bioreactor
Group of Russian scientists of the Siberian Company Sayany has developed a bioreactor of new generation. It’s called gas-vortex bioreactor.
--28-02-2007--


News:

OPEC + Countries are in Favor of Prolonging Oil Production Cuts
Most of the organization's member countries support an extension of oil production cuts at current levels. Experts explain the extension of quotas by the very slow recovery of the industry from the consequences of the COVID-19 coronavirus pandemic.
--18-11-2020--
Russia Ranked 20th in Europe in Terms of Gasoline Availability
A rating of European countries in terms of the availability of gasoline for the population was compiled.
--29-07-2020--
Goldman Sachs: Despite OPEC+ Deal, Oil Prices will Continue to Fall
The new OPEC+ agreement will not lead to a recovery in oil prices, as the reduced production volumes are significantly inferior to the real drop in world demand for hydrocarbons.
--13-04-2020--
G20 Energy Ministers will Meet on April 10
G20 energy ministers will hold an extraordinary meeting in a remote format on Friday, April 10, in order to “ensure the stability of the energy market.”
--07-04-2020--
Russian Stock Market Falls by 8-12% Amid Oil Prices
At the beginning of trading on Monday, the Russian stock market showed a sharp drop.
--11-03-2020--
Russia has Made up a Schedule for Reducing Oil Production by Months
In January, it is planned to reduce production by 50-60 thousand barrels per day.
--18-12-2018--
Oil Producers Expect to Raise the Amount of Compensation for the Regulation of Domestic Petrol Prices
A draft bill on the reduction of the “conditional domestic prices” for fuel used in the calculation of subsidies is already being developed.
--02-10-2018--
The Export of Russian Oil has Increased by 34 Percent
According to the Federal Customs Service, fuel and energy products still constitute the basis of Russian exports.
--02-10-2018--
The United States and Saudi Arabia Surpassed Russia in Terms of Oil Production Volume
Thus, for the first time since 2002, Russia has descended to the third line.
--02-09-2018--
The Government will be Able to Increase Export Duties on Oil Products
The corresponding bill has been approved by the Federation Council.
--31-07-2018--
Oil Prices Are Too Low
Russia, Saudi Arabia, Mexico and Venezuela consider current oil prices to be too low.
--29-11-2014--
Rosneft Calls Its New Mine Pobeda (Victory)
Igor Sechin called the success of the event “a common victory of all project participants”, as “Rosneft” Oil Company has successfully completed the drilling of the world’s northernmost Arctic mine “Universitetskaya-1” which resulted in the discovery of oil in the license area of Vostochno-Prinovozemelsky-1 in the Kara Sea.
--28-09-2014--
Rosneft, ExxonMobil Launch Exploratory Drilling in Russia's Arctic
The West Alpha rig owned by Karmorneftegaz, a JV by Russian and US oil giants Rosneft and ExxonMobil, has launched exploratory drilling of Universitetskaya-1, Russia’s northernmost well.
--10-08-2014--
Russia, China Partners, Not Military Allies
Russia and China are not seeking a joint military bloc despite close cooperation in the defense and technical areas, said a senior Kremlin official.
--11-07-2014--
Ex-Chancellor Schroeder Tipped for Rosneft Board
BP is expected to nominate former German chancellor Gerhard Schroeder as a member of the board of directors of Russia’s oil giant Rosneft.
--04-03-2014--
Rosneft, Statoil Push Forward With Shale Oil Plans
Rosneft and Statoil are moving forward in the development of the Domanik shale formation by signing a deal to set up a joint venture.
--10-12-2013--
Rosneft Set to Ship $2.2 BLN Worth of Crude Oil To BP
Rosneft has approved a supply contract with BP worth $2.2 billion, says Vedomosti.
--05-12-2013--
100 Mln Tons Of Oil Will Be Supplied To China
Rosneft and China's Sinopec agreed on annual shipments of 10 million tons of oil to China. The contract duration is 10 years.
--22-10-2013--
Transneft To Increase Investment for 2013
Transneft has unveiled an investment programme worth 161.5 billion roubles, or some $5.4 billion, up 50 percent on 2012 figures.
--08-01-2013--
Rosneft Laying Red Carpet for Bob Dudley
The state-owned oil corporation has decided to use BP director's expertise to better integrate TNK-BP into its structure, claims a report.
--22-12-2012--
$23 bln Investment Plan Mulled by Gazpromneft
Gazpromneft has unveiled an ambitious investment programme in a bid to double its output by 2020. And these plans are realistic, experts say.
--22-12-2012--





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