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Rosneft plans to deliver up to 50 mln tonnes of oil to China

According to the Russian Customs Service, annual oil supplies from Russia to China has amounted to 52.6 mln tonnes. Rosneft accounts for 75% of oil supplies. «Partnership with China for Rosneft is a deliberate strategic choice. Rosneft sells one third of all exported oil to China. Rosneft plans ...

Modified: 21.09.2018
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LUKOIL to dominate Uzbek oil, gas sector years ahead

The Russian oil and gas company LUKOIL will continue to remain the dominant international operator in Uzbekistan's oil and gas sector in the coming years, Ashley Sherman, principal analyst, Caspian & Europe Upstream oil and gas, at Wood Mackenzie, told Trend. He ...

Modified: 09.08.2018
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Russia ready to boost oil production by more than 200,000 bbl/day within OPEC+ deal

Russia is ready to boost oil production within the OPEC+ oil production capping deal by more than 200,000 barrels daily in order to increase the OPEC+ production growth to 1 mln barrels. Ministers of OPEC+ countries made a decision at their meeting on June 23 to increase oil ...

Modified: 02.07.2018
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Russian government might allocate $5.14 bln to support oil companies

The Russian government is discussing the possibility of introducing a refundable excise tax on oil with an increasing coefficient for oil plants located far from export markets - in the Volga region, the Urals and Siberia. For these purposes, it is planned to allocate $5.14 bln. Refundable excise duty is expected to compensate the factories for ...

Modified: 21.06.2018
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Gazprom Neft maintains long-term forecast of $50 per barrel oil price

Gazprom Neft will continue to be guided by the price of oil at $50 per barrel when planning investments, although it expects a higher cost of resources. "If we talk about our company, we are still making our long-term investment decisions proceeding from our forecast of $50 per barrel. If we talk ...

Modified: 25.05.2018
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NEWS


26.09.2019 Vietnam-Russia Bilateral Ties Deepen, Boost Investment

Russia was one of the first countries to establish diplomatic relations with Vietnam, laying the groundwork for a strong bilateral and economic relationship between the countries.

04.09.2019 Russias trade turnover with African states up 17% in 2018

Russias trade turnover with the African states increased by more than 17% in 2018 to $20.4 bln. A representative of the Russian Foreign Ministry told TASS that the majority of...

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