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 […]

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 […]