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March, Friday



Question of the week

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

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News // Economy

Moscow and Tehran signed oil-for-goods trade agreement

Iran and Russia signed a deal, according to Iranian Oil Minister Zanganeh.

26 May 2017 , 10:12Neftegaz.RU5170

Gazprom Neft reports record net income for Q1 2017

Gazprom Neft publishes its consolidated IFRS financial statements for Q1 2017.

24 May 2017 , 14:11Neftegaz.RU6840

1st U.S. company to invest in Irans oil

A US-based filtration, separation, and purification solutions company Pall will invest in Iran’s oil industry, the investment.

15 May 2017 , 15:23Neftegaz.RU4000

Russia trims interest rate on steady inflation decline

The Russian central bank lowered its key interest rate by half a percentage point to 9.25 %, citing the alleviation of inflationary pressure.

02 May 2017 , 10:12Neftegaz.RU5170

Alexey Miller sees share of EU gas market rising

Gazprom has announced that a new pipeline from Russia's Arctic fields to Germany will increase Moscow's share of the European gas market.

27 April 2017 , 10:13Neftegaz.RU6110

Share of Gazprom in European market will reach 38% by 2020

Share of Russia’s Gazprom in European market will reach 38% by 2020, said Michael Stoppard, Chief Strategist for Global Gas at IHS Markit.

20 April 2017 , 16:20Neftegaz.RU5740

IMF: Russian response to low oil prices «comprehensive»

The Russian economy is on the slow path to recovery as it rebounds from the shock triggered by the collapse in crude oil prices, the head of the IMF said.

18 April 2017 , 18:00Neftegaz.RU7170

Belarus to pay $129 for Russian gas in 2018, $127 – in 2019

The price for the Russian gas for Belarus will be $129 per 1,000 cubic meters in 2018 and $127 – in 2019.

17 April 2017 , 13:00Neftegaz.RU5400

Belarus to pay less than $130 per 1,000m3 of Russian natural gas

The new price Belarus will pay for natural gas will be less than $130 per 1,000m3.

14 April 2017 , 10:12Neftegaz.RU5680

Moody’s changes Petrobras outlook to positive

The rating agency Moody’s upgraded corporate debt rating for Petrobras from B2 to B1.

12 April 2017 , 12:17Neftegaz.RU4790

Russia sees slow economic growth irrespective of oil prices

Even if crude oil prices move above $60 per barrel, the Russian economy likely won't expand much more than 1 %, the head of the central bank said.

05 April 2017 , 16:11Daniel J. GraeberNeftegaz.RU6710

Russia plans $600 bln investment for Arctic oil

Russia plans to invest between $400 billion and $600 billion for the development of energy resources in the North Pole.

30 March 2017 , 14:15Neftegaz.RU6820

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 , 00:03Viktor Katona, Expert at the Russian International Affairs Council in BudapestNeftegaz.RU5900

Oil-rich Russia revises GDP growth estimate higher

As crude oil prices recover from last year's historic decline, the Russian finance minister said the outlook for gains in gross domestic product have improved.

21 March 2017 , 12:13Neftegaz.RU6700

S&P upgrades Russia outlook to positive

The Standard and Poor's agency raised its outlook for Russia's credit rating to positive from stable.

20 March 2017 , 10:34Neftegaz.RU5620

Fitch: Azerbaijan's energy company facing mixed pressures

The state energy company of Azerbaijan, a party to OPEC-led balance efforts, beat its peers in terms of revenue, but remains pressured, a ratings agency said.

17 March 2017 , 16:26Daniel J. GraeberNeftegaz.RU6030

Business confidence improving for oil-rich Russia

With crude oil prices improving over last year's slump, a market report finds most companies in Russia are expecting modest recovery.

14 March 2017 , 13:00Daniel J. GraeberNeftegaz.RU5760

Russia expects oil and gas revenue to bounce back in March

After a budget shortfall in February, Russia's finance minister said the country expected to receive more than $1 billion in oil and natural gas revenue this month.

06 March 2017 , 10:36Neftegaz.RU7300

Belarus reduced oil imports from Russia by 20.7% in 2016

Belarus imported 18.1 million tons from Russia in 2016, which is 20.7% less than in 2015.

01 March 2017 , 16:09Neftegaz.RU6240

Russia sees U.S. oil production as a lid on oil prices

Gains in oil production from the US should establish a ceiling over crude oil prices on the global market, said the head of Lukoil Middle East.

28 February 2017 , 14:08Daniel J. GraeberNeftegaz.RU5400

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