FSUOGM - Former Soviet Union Oil & Gas
Russia's Power Machines to ship second domestically-built turbine to power plant
Russia’s Power Machines is preparing to ship a second high-capacity gas turbine for the Artemovskaya TPP-2 power plant in the Far East’s Primorsky region.
Unknown US firm eyes role in Bosnia-Croatia gas pipeline project
Representatives of little-known US firm AFFS Infrastructure and Energy have held talks in Bosnia on possible involvement in a gas pipeline project intended to diversify supply sources and reduce reliance on Russian gas.
Oil production halted at Kazakhstan's Tengiz field after fire
Kazakhstan’s Tengizchevroil has temporarily halted oil production at the Tengiz and Korolev fields after a fire broke out at its processing facility in western Kazakhstan,.
BP deploys new tech for processing drilling fluids in Caspian region
UK oil major BP has introduced a new technology for processing drilling fluids in Azerbaijan, Georgia and Turkey, cutting analysis times and improving the reuse of materials at drilling sites.
Mongolia eyes Chinese fuel imports to overcome Russian dependency
Mongolia and China have agreed to step up cooperation on increasing imports of petroleum products, as Ulaanbaatar seeks to diversify supplies that are currently overwhelmingly sourced from Russia.
Russian oil, gas revenues drop by quarter in 2025
Russia’s oil and gas revenues fell sharply in 2025, dropping by almost a quarter from the previous year as lower oil prices, wider discounts and sanctions pressure weighed on budget receipts.
Independent Russian fuel retailers lose 50-70% of customers amid price squeeze
Independent fuel retailers in Russia have lost up to 50-70% of their customers by January after being forced to sell gasoline at higher prices than large retail chains during a price squeeze late last year.
Russia's Gazprom Neft nears deal to sell stake in Serbian refiner NIS to Hungary's MOL
Russian oil producer Gazprom Neft is close to selling its stake in Serbia’s NIS to Hungary’s MOL.
Kazakhstan enjoys 15% bump in oil exports in 2025
Kazakhstan’s oil exports rose by 15% last year, driven by higher flows through the Caspian Pipeline Consortium.
Azerbaijan launches gas supplies to Germany and Austria
The company said the total number of countries purchasing Azeri gas has now risen to 16.
Kazakhstan diverts 300,000 tonnes of oil shipments away from CPC pipeline in wake of drone strike
Kazakhstan diverted 300,000 tonnes of crude away from the Caspian Pipeline Consortium in December after export infrastructure was damaged by a drone strike.
Russia’s oil and gas revenues drop 43% in December 2025
Russia's oil and gas export revenues drop by 43% in December 2025 and by 24% in 2025 overall, the lowest since pandemic
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