The consumer prices for car gasoline has risen by 0.2% on average across Russia during the period from August 29 to September 5 2011. On September 5 the gasoline price made up 2613 rubles per one liter, according to the Federal Statistics Service of Russia In particular the price of A76 gasoline rose by 0.2% […]

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 […]

At the end of last week Baku saw the signing of the contract for oil storage in the terminals in Korea between the Azerbaijan state oil company SOCAR Trading and KNOC (Korean National Oil Corporation), the statement of the state oil company of Azerbaijan says. According to the terms of the agreement SOCAR Trading obtains […]

The state oil producing monopoly of Belarus the production association Belarusneft extracted 979 thousand tons of crude oil for the period from January to July 2011 which is by 0.8% less than for the same period of 2010, according to the statement of the Energy Ministry of Belarus. Belorussian oil was exported predominantly to Germany […]

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 […]

In the south of Kazakhstan (Kyzylordy Province) the KAMAZ truck transporting oil turned over. As a result of the accident 30 tons of oil have been spilled, the Ministry for Emergency Situations of the Republic of Kazakhstan reports. The accidents took place on Saturday night on the 128th kilometer of the motorway Kyzylorda – Zhezkazgan. […]

Japan and the Russian leading oil-producing company Rosneft intensified the negotiations on the co-development of the Sea of Okhotsk Shelf, the statement on the website of Magadan Region administration says. After the destructive earthquake in Japan in March this year the prime-minister of Russia Vladimir Putin suggested that the Japanese companies cope with the energy […]