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Question of the week

Will the russian Turkish stream be launched, or an apology to Erdogan is not enough?

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Все новости за 27 March 2017 

Middle East and OPEC // Non-OPEC cutback participant Russia sees oil at $40/bbl heading into 2018

Russia said that it sees Urals at an average of $50 per barrel this year, but falling to $40 at the end of 2017 and staying near that level until 2019.

27 March 2017 , 17:39 | 652 | 0 | Neftegaz.RU

Companies // China oil giant Sinopec posts 44% jump in net profit

Sinopec said 2016 net profit jumped 44 %, its 1st annual profit rise in 3 years, as strong demand and better margins in its downstream refining business helped offset low oil prices.

27 March 2017 , 15:31 | 336 | 0 | Neftegaz.RU

Off-shore drilling // BP announces 3rd gas find in Egypt´s North Damietta concession

BP announced a new natural gas discovery in the North Damietta East Delta marine concession area.

27 March 2017 , 13:00 | 460 | 0 | Neftegaz.RU

Transportation and storage // Gazprom to cement LNG ties with Kuwait

Gazprom has negotiated about supplies of liquefied natural gas (LNG) to Kuwait.

27 March 2017 , 10:37 | 538 | 0 | Neftegaz.RU

Economy // Will Russia ditch its ambitious oil tax reform?

2018 was supposed to be a transformative year in Russia – presidential elections are looming, the Russian economy is expected to bust out of its current slump and the oil sector’s tax regime was set for significant changes. The long-mooted move to implement a switch to an excess-profits tax-based (EPT) regime has long been the pet project of Russia’s Ministry of Finances, yet recent developments suggest the ambitious scope of the proposed reforms will most likely be brought to naught.

27 March 2017 , 00:03 | 401 | 0 | Viktor Katona, Expert at the Russian International Affairs Council in Budapest | Neftegaz.RU

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