News // Economy
The economic risk from the volatility in crude oil prices is only moderate, the Central Bank of Russia said on June 15 after leaving its key lending rate unchanged.
After years of discussion, Russian authorities seem close to starting new oil tax reform as soon as next year that will gradually eliminate state support to refining by abolishing the export duty by 2024, in a move widely seen as hampering companies with heavy refining exposure.
11 June 2018 , 00:03Neftegaz.RU1880
The Russian energy and finance ministries agreed with oil companies to start cutting the export duty on crude gradually.
08 June 2018 , 14:06Neftegaz.RU3050
The Russian Central Bank official said it may revisit its inflationary targets for the year next month.
22 May 2018 , 14:07Neftegaz.RU4020
Due to the oil price rally, Russia expects its oil and gas revenues to jump fivefold compared to the expected revenues set in its 2018 budget, according to the Finance Ministry that now expects Russia to post a budget surplus for the first time since 2011.
14 May 2018 , 00:02Neftegaz.RU3540
The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector, according to GlobalData, a leading data and analytics company.
07 May 2018 , 00:02Neftegaz.RU2890
Washington going to impose new sanctions on Russia for its support of Syrian President Bashar Assad.
17 April 2018 , 16:06Neftegaz.RU5310
Gholamreza Manouchehri said that Zarubezhneft can transfer its capital to Iran via European banks and there is no problem in this respect.
04 April 2018 , 17:22Neftegaz.RU3220
EIB confirmed its board's approval of a major loan for the Tanap gas pipeline.
16 March 2018 , 10:12Neftegaz.RU4240
The Nigerian National Petroleum Corporation can produce crude oil at around $20 a barrel.
07 March 2018 , 18:00Neftegaz.RU3730
Russia and Iran have expressed interest in developing their own digital currencies to help combat U.S.-imposed sanctions, following last week's successful launch of Venezuela's 1st cryptocurrency, the El Petro.
26 February 2018 , 00:03Neftegaz.RU4720
Nicolas Maduro is ready to launch 2nd Petro token - called Petro Gold.
23 February 2018 , 12:29Neftegaz.RU4530
Russia’s Finance Ministry to return to surplus this year due to higher than expected oil prices.
18 January 2018 , 12:09Neftegaz.RU6750
The price of the Russian oil variety Urals increased by 26.6% in 2017.
11 January 2018 , 10:10Neftegaz.RU5410
EIB delayed a decision on whether to grant a multi-billion-euro loan to a controversial pipeline.
13 December 2017 , 16:06Neftegaz.RU6140
The OPEC/non-OPEC production cuts hurt Russia’s economic growth in October.
24 November 2017 , 14:12Neftegaz.RU6570
Revenue collected from the oil and natural gas industry in Russia is in part behind the 19 % gain from last year.
20 November 2017 , 17:30Neftegaz.RU5060
The Russian Finance Ministry signed a deal to restructure Venezuela’s debt.
15 November 2017 , 18:00Neftegaz.RU6300
Italy could soon sell its stake in Eni to pay down debts.
07 November 2017 , 16:15Neftegaz.RU6860
Belarus may switch to Russian rubles in payments for natural gas in the future.
11 October 2017 , 12:10Neftegaz.RU5220