The subsidiary of TNK_BP Buguruslanneft has won an auction bidding to buy a Novo-Zhedrinskiy hydrocarbon area in the Orenburg Region. This information was published by the Federal Agency on Subsoil Use. The right to use the subsoil resources of the area cost the company 138.45 million rubles, with the reserved price being 106.5 million rubles. […]

In 2012 Azerbaijan is going to raise the oil production volume. This was declared by the president of the oil company of Azerbaijan (SOCAR) Rovnag Abdulaev in Baku at the international conference. “The conciliation process for contract on the deep gas development at the Azeri-Chirag-Guneshli oil and gas fields. According to the forecasts the gas […]

The Gazprom Neft board of directors approved of signing with OAO Gazprom the contract of purchase of ZAO Gazprom Neft Orenburg shares, which owns the license for the Eastern part of the Orenburgskoe oil condensate field (the Orenburg region), the Gazprom Neft statement reports. Within the framework of the deal Gazprom Neft can purchase 61.8% […]