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March, Saturday



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

Lukoil: $60 oil price to be dominant in 2017

Lukoil expects that in 2017 oil prices will be around $60 per barrel, said Vice-President of Lukoil Leonid Fedun.

05 December 2016 , 12:53Neftegaz.RU7600

Russia and Belarus said to be close on resolution over gas prices

Russia and Belarus are said to be close to solving a dispute over gas prices.

30 November 2016 , 15:32Neftegaz.RU5300

How Iran and Russia are locking step on oil

A Russian delegation visiting Tehran on November 19, 2016, signed a handful of agreements to work with an Iranian oil company, said Gholam-Reza Manouchehri, the deputy managing director of the National Iranian Oil.

21 November 2016 , 00:00Daniel J. GraeberNeftegaz.RU16450

Profits for Russian oil giant Rosneft tumble

Pointing to ongoing pressures from the weak oil economy, Russian oil company Rosneft said its profit for the third quarter dropped more than 70 %.

14 November 2016 , 10:11Daniel J. GraeberNeftegaz.RU5890

Rosneft sells 20% stake in siberian subsidiary to Beijing gas

Rosneft, the mostly state owned Russian energy company, signed a binding agreement with China's Beijing Gas on November 7 to sell a 20% stake in an eastern Siberian subsidiary, Verkhnechonskneftegaz.

08 November 2016 , 10:05Neftegaz.RU6880

Tough pricing won't secure sales, study warns Gazprom

The European Union’s gas supply mix will change fundamentally but it will remain in a strong strategic position.

28 October 2016 , 12:11Mark SmedleyNeftegaz.RU5960

Kazakhstan´s KazTransGas and European Bank for Reconstruction and Development unite on energy efficiency

KazTransGas will join forces with the European Bank for Reconstruction and Development in energy efficiency.

27 October 2016 , 18:00Neftegaz.RU7530

Russia expecting more oil investments

Investments in the Russian oil sector are expected to expand in comparison to last year, though nothing is certain for 2017, a deputy energy minister said.

27 October 2016 , 14:12Daniel J. GraeberNeftegaz.RU6290

More red ink for Baker Hughes

Oilfield services provider Baker Hughes on Tuesday posted a wider net loss for the third quarter of 2016, when compared to prior-year quarter, due to impairment charges.

26 October 2016 , 10:09Neftegaz.RU5620

Moody's raised its outlook on the bank system for oil-rich Russia

Though problem loans will continue to drag on performance, Moody's said it raised its outlook on the bank system for oil-rich Russia from negative to stable.

24 October 2016 , 17:27Daniel J. GraeberNeftegaz.RU5830

Belarus-Tatarstan trade now on the rise

The main areas for the growth of economic cooperation between Belarus and Tatarstan include industry, construction and innovation.

19 October 2016 , 12:11Neftegaz.RU6580

India and Russia sign 3 agreements in the «Hydrocarbon» sector

Dharmendra Pradhan highlighted cooperation between India and Russia in the Hydrocarbon Sector, including the acquisition of 23.9% stake in Vankorneft and 29.9% in Taas-Yuryakh by an Indian Consortium of IOCL, OIL and BPRL and acquisition of 15% and 11% stake by OVL in Vankorneft from Rosneft.

17 October 2016 , 15:53Neftegaz.RU7790

Rosneft deal: Billionaire Ruia brothers' stake in Essar Oil may fall below 10%

Billionaire brothers Shashi and Ravi Ruia are likely to end up owning less than 10% of their flagship Essar Oil refinery after selling a controlling stake to Russian Rosneft.

13 October 2016 , 18:00Neftegaz.RU7180

Turkmenistan and Tatarstan intends to increase trade and economic cooperation

An impressive capacity for trade and economic cooperation and increase bilateral trade turnover was noted at the meeting in Ashgabat.

12 October 2016 , 18:00Neftegaz.RU7370

Petrobras cuts planned investment by 25%

Brazilian Petrobras cut its investment budget for the coming years and plans to raise more cash from the sale of assets, amid efforts to reduce its huge debt.

21 September 2016 , 10:11Neftegaz.RU6250

Russia bases economic forecast on $40 oil

The Central Bank of Russia lowers rates and forecast for economic growth in 2017, basing its forecast on oil priced at $40 per barrel. For the 1st time since June 2016, the bank said it lowered its key rate by a half percent to 10%, saying it was forecasting «unstable economic activity».

19 September 2016 , 00:09Daniel J. GraeberNeftegaz.RU6940

International Energy Agency sees 8% drop in world energy investment

Global energy investment in 2015 amounted to $1.8 trillion, down 8% (in real terms) from 2014, according to a survey published by the International Energy Agency.

15 September 2016 , 17:29William PowellNeftegaz.RU7120

Tough times for China’s biggest energy majors PetroChina und Cnooc

PetroChina and Cnooc reported sharply lower profits for the first half of 2016.

25 August 2016 , 14:14Neftegaz.RU7040

Ukraine may lose 15% of its gas transit due to new Turkish Stream project

15 out of 70 billion cubic meters of Russian gas being transported through Ukraine could be lost, says Naftogaz CEO Andrey Kobolev.

22 August 2016 , 10:12Neftegaz.RU6740

«Dragon Oil» investments in development of sea fields of Turkmenistan are grown

Investments of the company «Dragon Oil (Turkmenistan) Ltd» into development of fields of the Turkmen sector of the Caspian Sea have reached $5,45 billions.

19 August 2016 , 12:13Neftegaz.RU7040

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