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March, Wednesday



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

Turkish imports fall in 2016

Turkey cut its imports of both pipeline gas and LNG in 2016.

27 February 2017 , 17:29Neftegaz.RU6940

Norway's oil companies increased their 2017 investment plans

Norway's oil companies have increased their 2017 investment plans in the last 3 months, signalling a smaller-than-expected contraction for the industry.

24 February 2017 , 13:00Mark LammeyNeftegaz.RU6420

Total to take its final investment decision on Caspian Absheron by the end of 2017

Total is to take its final investment decision on development of the Absheron gas field, in the Azeri sector of the Caspian Sea, by the end of this year.

23 February 2017 , 18:00Neftegaz.RU7860

Vladimir Putin: Clear signs of Russian economic growth

As oil prices stabilize in the wake of an OPEC-led production deal, Russian President Vladimir Putin said signs of economic strength are becoming clear. The Central Bank of Russia said all is well, even if oil drops to $40 per barrel.

20 February 2017 , 00:01Daniel J. GraeberNeftegaz.RU6680

Iran and Russia plan to enhance economic bonds in a month

Iran and Russia expect 5 economic events to take place in Tehran by March 20, 2017.

13 February 2017 , 17:37Neftegaz.RU6050

Russia's economy grows at $40 per barrel oil

The Russian economy will be on the positive side of growth even if the price of crude oil falls to $40 per barrel.

09 February 2017 , 18:00Neftegaz.RU8920

NIOC Head: 1st IPC tender slated for February 15

Iran plans to hold the 1st tender for its new oil and gas contract model on February 15, said NIOC Managing Director Ali Kardor.

06 February 2017 , 10:37Neftegaz.RU9060

Iran signs power plant deals, also with russian Technopromexport

Iran has signed agreements valued at around $10.7 bln for the construction of new power plants with German, Russian, Chinese, South Korean and Turkish companies.

31 January 2017 , 12:05Neftegaz.RU8030

German companies voice interest in investing $12 bln in Iran's oil industry

Several major oil and petrochemical companies from Germany have expressed their interest in investing in the Iranian oil sector.

27 January 2017 , 12:12Neftegaz.RU7460

IMF: Oil-rich Russia needs either-or economic policies

Russia needs to ensure its economy is braced for an oil shock in either positive or negative terms, a deputy at the International Monetary Fund said.

16 January 2017 , 00:26Daniel J. GraeberNeftegaz.RU6920

Asia's November imports of Iranian oil more than double from year ago

Imports of crude oil by Iran's 4 major buyers in Asia in November more than doubled for a 2nd straight month from a year ago, with purchases by India and South Korea more than 4 times higher.

30 December 2016 , 12:40Neftegaz.RU7960

Rosneft signs agreement with Japan on offshore oil production

Rosneft and a consortium of Japanese companies signed a Heads of Agreement in relation to cooperation on the joint exploration, development and production of the hydrocarbons at a license block in an offshore zone of Russia.

16 December 2016 , 18:44Neftegaz.RU10890

Novatek inks Japan LNG MoUs

Mitsubishi, Marubeni and Mitsui sign co-operation deals with Novatek, with at least one for Arctic 2 LNG project, reported the russian company on December 16, 2016.

16 December 2016 , 14:13Neftegaz.RU9140

OMV and Gazprom agree basic swap terms

Austrian producer OMV and Russian monopoly Gazprom have agreed the elements of a cash-free asset swap transaction, but not yet signed the agreement, OMV said December 14, and that is expected to happen today.

14 December 2016 , 18:00Neftegaz.RU8600

Japanese banks and J.P. Morgan to provide € 800 mln credit facility to Gazprom

The Japanese Mizuho Bank and Sumitomo Mitsui Banking Corporation, as well as the american J. P. Morgan will grant a loan to Russia’s state-run gas firm Gazprom in amount of  €800 million.

13 December 2016 , 10:06Neftegaz.RU6760

China declines to react on Indo-Russian gas swap proposal

China today refused to comment on a proposal being pushed by India and Russia to swap natural gas between the countries, including Myanmar, saying it was not aware of the details and preferred to know the reactions of other parties involved.

09 December 2016 , 18:00Neftegaz.RU7900

Belarus makes advance payment for Russian natural gas

Belarus has made an advance payment for Russian natural gas deliveries.

09 December 2016 , 10:06Neftegaz.RU6090

Shell: World markets longing for Iran’s return

Vice President at Royal Dutch Shell says the global oil market is longing for Iran’s return to international arenas.

08 December 2016 , 10:07Neftegaz.RU9660

Asian Development Bank extends financial support to Azerbaijan´s Shah Deniz gas field

An estimated $1 billion in assistance will help Azerbaijan develop its flagship Shah Deniz complex in the Caspian Sea, the Asian Development Bank said.

07 December 2016 , 16:21Neftegaz.RU7490

Russia’s Central Bank sticks to oil price forecasts

Еhe central bank of Russia has no plans to revise its current oil price estimates for the next 12 months despite the OPEC deal that saw international oil benchmarks pass the US$50 barrier and stay above it for a week now.

07 December 2016 , 10:07Irina SlavNeftegaz.RU6860

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