FSUOGM - Former Soviet Union Oil & Gas
Greece's Dynagas carried a third of Russia's Yamal LNG as Athens won its sanctions exemption
Tankers linked to Greek shipowner Dynagas carried more than a third of Russia's Yamal LNG this year, the same company at the heart of Greece's fight over EU sanctions.
Uzbekneftegaz former chairman denies role in alleged $656mn losses
Former Uzbekneftegaz chairman Bakhodirjon Sidikov has reportedly denied all 19 charges against him in a criminal trial involving the state-owned oil and gas company.
Uzbekistan invites China’s Sinopec to propose technology for 6,000-metre Ustyurt wells
Uzbekistan plans to drill oil and gas wells up to 6,000 metres deep in the western region of Ustyurt and has invited China’s Sinopec to propose technologies and commercial solutions for high-pressure, high-temperature projects.
Nostrum Oil & Gas agrees $304mn sale of Kazakhstan operations
Nostrum Oil & Gas has agreed to sell its Kazakhstan operations for $304mn as the oil and gas producer prepares for an orderly wind-down following the maturity of its debt.
Turkey slashes Russian oil imports amid drone disruptions to Black Sea shipments
Turkey cut crude imports from Russian ports in July as Ukrainian drone attacks disrupted Black Sea exports, with shipments expected to decline further this month.
Russia's fuel prices see 7.4% climb over H1
Retail fuel prices in Russia rose sharply in the first half of this year, with independent filling stations seeing particularly steep increases as supply tightened amid ongoing Ukrainian drone strikes against refineries.
Gas transit through Georgia rises 1.3%, oil transport falls 8.5% in first seven months
Analysts predict mid-to-high $80s per barrel oil prices for this year
Oil price forecasts for 2026 are converging around the mid-to-high $80s per barrel after months of extreme revisions triggered by the Middle East conflict.
Kazakhstan's KazTransOil doubles oil transfers via CPC in July despite drone disruptions
Kazakhstan's oil transport operator KazTransOil more than doubled crude transfers into the CPC system year on year in July, while also resuming shipments through Georgia's Batumi oil terminal after a two-month break.
Russia once more strikes Ukraine's Kremenchuk oil refinery used for storage
Russia has launched another strike on the Kremenchuk oil refinery site, targeting infrastructure that has largely ceased functioning as a refinery but is still believed to be used for fuel storage.
Russia to face fresh fuel squeeze in autumn amid refinery maintenance
Russia could face a fresh fuel squeeze this autumn as refinery maintenance coincides with lower Belarusian supplies and continued drone attacks.
Russia's Black Sea Sheskharis terminal resumes oil loadings following drone strike
Loadings at Sheskharis were halted on August 14 and resumed on August 16.
Kazakhstan's KMG aims to ramp up oil and gas exploration significantly in years to come
Kazakhstan's state-owned KazMunayGas plans a major increase in exploration over the next four years, including the drilling of 26 exploration and appraisal wells, as it seeks to replenish a resource base being depleted at its mature producing fields.
Kazakhstan offers up underexplored oil and gas areas to investors
Under the new system, an investor can select a prospective area from the list and submit an application to the energy ministry requesting that it be put up for auction.
Iran, Tajikistan discuss long-term deal on crude oil, fuel supplies
Iran and Tajikistan have agreed to establish a mechanism to export petroleum products and supply Tajikistan’s refineries with crude oil and fuel under a long-term contract, Iranian Oil Minister Mohsen Paknejad said.
Kazakhstan alleges $10.7bn in compromised Kashagan oil field contracts, says report
Kazakhstan is reported to have alleged in confidential international arbitration proceedings that international oil companies awarded about $10.7bn in Kashagan contracts that involved self-dealing, unjustified cost increases or bribery.
Serbia targets 500 MW gas power plant near Niš by 2030
Belgium leads EU buyers as Russian LNG sales to the bloc jump 57%
The EU bought €809mn of Russian liquefied natural gas in June, 57% more than a year earlier, with Belgium the single biggest buyer.
Moldova says it has enough gas for this winter, but prices are an uncertainty
Moldova has secured all the gas it expects to need this winter and 76% of demand for the full 2026-27 gas year, reducing supply risk but leaving prices uncertain.
Russia plans 2031 launch for reusable rocket powered with LNG
Russia is targeting 2031 for the first launch of its reusable Amur-LNG rocket, with design work now completed and manufacturer Progress moving into the hardware production stage.
Mongolia rolls out plan to bolster fuel security amid crisis
Mongolia is combining emergency fuel imports with tax relief, expanded storage and a push to complete its first refinery by 2028 as it seeks to reduce its overwhelming dependence on Russian supplies.
UK extends licence to Lukoil to give more time for sale of international business
The UK has extended a licence allowing Lukoil International to keep operating until February 2027, buying more time for the sale of its $22bn overseas portfolio as a shorter US waiver approaches expiry.
Russia's Rosneft set to complete full takeover of mid-sized oil producer Bashneft
Russia’s Bashkortostan region plans to sell the remainder of its stake in oil producer Bashneft to controlling shareholder Rosneft, as the Russian region seeks to raise funds rather than borrow at high interest rates.
Kazakhstan’s KazMunayGaz and Croatian partner advance Shygys exploration
Kazakhstan's state oil and gas company KazMunayGaz (KASE: KMGZ) and Croatian company Geoenergija Razvoj have established a joint venture to explore the 2,400-sq km Shygys block in the Central Asian country's western Aktobe Region.
EDF calls for more climate finance to tackle oil and gas methane
The IEA estimates that around 70% of methane emissions from fossil fuels, or almost 85mn tonnes per year, could be eliminated using existing technology.
UN's MARS flags up Turkmenistan as major oil and gas methane emitter
The largest oil and gas source in the latest ranking is a gas disposal facility in Turkmenistan, with estimated annual methane emissions of 76,562 tonnes.
IEA deepens 2026 oil demand cut to 1.6mn b/d as Hormuz war drains stocks
Global oil demand will shrink this year at the fastest pace since the pandemic, as war around the Strait of Hormuz lifts fuel prices and drains the world's stockpiles.
Naftogaz receivables rise as Gazprom debt remains unpaid
Ukrainian state energy company Naftogaz reported receivables exceeding $1.5bn, with nearly 77% of the total linked to unpaid gas transit debt owed by Russia's Gazprom, showing the financial pressures facing the company despite a debt restructuring.
Azerbaijan's July oil output flat as country continues to undershoot OPEC+ quota
Azerbaijan's daily oil output held broadly flat in July, at between 440,000 and 453,000 barrels depending on the source, according to differing estimates from the International Energy Agency (IEA) and Opec.
Kazakhstan prevents 511 illegal fuel and goods exports in early August
Kazakhstan's Border Service prevented 511 attempts to illegally export fuel and other goods during the first 10 days of August, with the value of the intercepted products exceeding KZT 1bn ($2.15mn).
IBL Elements to test oilfield water treatment and mineral recovery in Kazakhstan
US-based IBL Elements will test technology in Kazakhstan to treat water produced during oil and gas extraction.
Uzbekistan raises liquefied gas output target to 606,000 tonnes
State gas producer Uzbekneftegaz will commission 27 new wells in August and raise its year-end liquefied petroleum gas (LPG) production target by 86,000 tonnes to 606,000 tonnes, as authorities work to maintain domestic energy supplies.
Turkmenistan halves diesel export limit as fuel shortages persist
Turkmenistan has cut the volume of diesel that vehicles may carry when leaving the country from 300 to 150 litres, effective August 10, while raising the surcharge on fuel above the limit from 20 manat (about $1) to 30 manat (about $1.50) per litre.
Ukraine halted Black Sea tanker strikes after Vance's July 31 call with Zelenskyy, FT reports
Ukraine halted tanker strikes near Russia's Novorossiysk port after a July 31 Vance-Zelenskyy call, the Financial Times reported, as Washington moved to shield Chevron and Exxon's Kazakh oil interests.
Ukraine hit Russian oil assets at least 30 times in July, data shows
Ukrainian drones struck Russian oil-processing plants, sea infrastructure, tankers and pipelines at least 30 times in July 2026 alone, the highest monthly total since the campaign began in 2023.
Russia's crude exports tumble to lowest since May as drone strikes squeeze refiners and ports
Russia's crude shipments fell to 3.71mn barrels a day in the four weeks to August 9, the lowest since May, as drone strikes hit export terminals and Russia's largest LPG plant went offline.
EIA holds Azerbaijan oil output forecasts steady through 2027
The US Energy Information Administration (EIA) has left its forecasts for Azerbaijan's oil production unchanged in its August "Short-Term Energy Outlook", keeping projections in line with July's report.
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