Russia’s developing the continental shelf may become the beginning of “a new high-technology industry of world class and scale” the prime-minister of the Russian Federation Vladimir Putin said in the course of the meeting, which was held on Thursday 12.04.2012. Together with Putin the possibility of the shelf development was discussed by the vice prime-minister […]
The head of the Federal Antimonopoly Service (FAS) of the Russian Federation Igor Artemyev said on Wednesday that in order to improve the situation at the oil products market it is necessary to split vertically integrated oil companies (VIOC) into retail, wholesale and production ones. “I am in favor of splitting VIOCs into retail, wholesale […]
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% […]
LUKOIL is going to invest about 3 billion dollars into raising the production capacity of its subsidiary OOO LUKOIL-Nizhnegorodnefteorgsintez in the period of 2012-2022, the president of the largest Russian private oil company Vagit Alekperov told the journalists on Thursday. “LUKOIL’s investment for the coming 10 years will comprise a little bit more than three […]
In Kaliningrad on the bank of the river Pregolya the police discovered an oil refining plant which operates without any documentation and is registered in the names of homeless persons the press-secretary of the western local department of Ministry of Internal Affairs in Transport Alexandra Serbina told RIA Novosti on Wednesday. “The information about the […]
The largest Russian private oil company OAO LUKOIL is going to develop a crude production stabilization program till the end of this year, the Vice-President and co-owner of the company Leonid Fedun said to the journalists on Wednesday. According to him the company’s crude production is to be falling till 2012 and from 2013 it […]
According to the statement made by the CEO of OOO TNK-Uvat (the subdivision of TNK-BP) Yury Masalkin, the company is planning to invest no less than one hundred million American dollars annually up to 2015 into the geological prospecting and exploitation of the territory surrounding the village of Uvat. The exploration works have been singled […]
The construction project of the oil pipeline system Yamal will be a subject to an ethnological expert evaluation. The residents of the Tazovsky village fear that the project execution may violate the traditional way of life of the indigenous peoples of the North. The expert evaluation with the participation of the Association “Yamal – For […]
The Irish company PetroNeft Resources which has oil equity in Tomsk region, discovered oil on the Sibkrayevskaya structure within Tungolskoye Oil Field in Tomsk region, the company reports. The area of the field is over 50 square kilometers, the oil accumulation lies in the depth of 2.35 thousand meters. PetroNeft does not specify the size […]
