OOO LUKOIL Completed the construction of a delayed coking unit with the capacity of 1 million tons of a raw product at the Volgograd oil refinery, the press-release of the company says. The planned capacity of the unit in terms of the refined raw material volume is 1 million tons a year. The launch of […]

The largest Russian private oil company OAO LUKOIL announces the cases of fraud with the commercial proposals of oil products export on behalf of its subsidiary OOO LUKOIL-Nizhegorodnefteorgsintez, the press-release of the company says. The company holds the information of the fact that at present some individuals are sending out commercial proposals concerning the oil […]

OAO Slavneft is planning to spend over .2 billion American dollars on the execution of technical re-equipment program of its major oil refining plant – OAO Slavneft-Yaroslavnefteorgsintez (YANOS) in the period of 2011-2014.This is declared in the press-release of Slavneft. In 2011 the volume of Slavneft capital investment into the modernization of YANOS comprised 3102 […]

The Federal Agency on Subsoil Use (Rosnedra) offer for sale three more subsurface sites in Yugra with open deposits. The auction biddings on these sites are scheduled for December 20 2011, biddings are accepted up to November 28. The Vonterskiy site which includes the oil deposit of the same name, contains recoverable reserves and oil […]

The Federal Antimonopoly Service (FAS) of Russia has in view to launch a unified oil products trading exchange system based on the Saint-Petersburg International Mercantile exchange (SPIMEX), the deputy head of the governmental agency Anatoly Golomolzin told the journalists. At present oil and oil products are traded at the three platforms: the Interregional oil and […]

OAO Transneft counts on China to settle its debt to Russia for oil deliveries to the Peoples Republic of China within 2-3 weeks. This was declared by the company’s president Nickolay Tokarev. He also specified that at present China’s debt comprises 75 million American dollars (the total amount of the debt to Transneft and OAO […]

In his speech at the opening of the Moscow Energy Week the Energy Minister of Tussian Sergei Shmatko said that in the coming years the Russian oil refining industry will receive 20-25 billion American dollars of investment. According to the minister this will enable escaping from the present day situation, when Russia exports black oil, […]

OAO Bashneft established OOO Power Supply Company (Ufa). Bashneft owns 100% chares of the newly created company, the company statement says. As the press-service of Bashneft explains, the new company has been established with the aim of reducing the Bashneft Group expenditure on buying electricity for its own needs.

Transneft resumed its oil export to China through the offset of the ESPO which had been stopped earlier because of the earthquake in the Amur region. This was announced by the official representative of the company Igor Demin. Demin also pointed out that the oil transportation via the Far East Railroad to the port of […]

OAO Tatneft, which is the largest budget forming enterprise of the gas and petrochemical complex of Tatarstan, is planning to build 37 fuel filling stations in Belarus, the statement of Belneftekhim Concern press-service says. According to the press-service of the company, following the results of the Belorussian delegation’s visit to Tatarstan at the beginning of […]