FSUOGM - Former Soviet Union Oil & Gas

Middle East crude recovers, products crisis deepens

Eight months into the Iran war, Gulf crude flows are approaching pre-war volumes but a depleted products and LNG system faces winter with no margin

Georgia's fuel imports fall 4.7% as Russia retains largest market share

Georgia's gasoline and diesel imports fell by 4.7% year on year to 1mn tonnes in January–September 2026, although Russia remained the country's largest fuel supplier.

Kazakhstan’s QazaqGaz, Kyrgyz subsidiary of Russia’s Gazprom sign gas cooperation deal

Kazakhstan's national gas company QazaqGaz and Gazprom Kyrgyzstan, a subsidiary of Russia's Gazprom have signed a memorandum of understanding aimed at strengthening technical cooperation and improving the reliability of gas infrastructure.

Slovakia seeks talks with EU on extending Russian gas imports beyond 2027

Slovakia plans to negotiate with the European Commission over extending imports of Russian natural gas beyond the European Union's 2027 phase-out deadline.

Russian energy equipment production reaches nearly RUB1 trillion

Russian production of equipment for the energy sector has reached almost RUB1 trillion ($12.3bn), Prime Minister Mikhail Mishustin announced on October 12, highlighting progress in the country's efforts to reduce dependence on imported technologies.

Trump’s Russian diesel deal deepens rift with Ukraine as refinery strikes continue

President Trump’s agreement with Vladimir Putin to resume Russian diesel supplies to American and global markets has drawn sharp criticism from Ukraine and lawmakers in both US parties, while Kyiv has vowed to continue attacking Russian refineries.

ExxonMobil reportedly blocks settlement over Kazakhstan’s $5.07bn Kashagan fine

ExxonMobil has reportedly opposed a proposal for partners in Kazakhstan’s Kashagan oil field to settle a disputed environmental fine with the government, complicating negotiations over a potential expansion of the major offshore project.

Uzbekistan begins GTL plant privatisation, IPO preparations

Uzbekistan has begun preparations to privatise Uzbekistan GTL, the country's gas-to-liquids synthetic fuel plant, and launch an initial public offering (IPO).

BEYOND THE BOSPORUS: Why Azerbaijan’s official news agency lifted lid on Turkey’s hidden trade with Israel

Report exposing cargoes shipped to Israeli ports came after President Aliyev made fiery address complaining of interference in his country’s affairs.

Kazakhstan settles long-running cost dispute over Dunga oil field

Kazakhstan’s Ministry of Energy and Dunga Operating have reached an agreement to resolve a long-running dispute over historical costs at the Dunga oil field, with investors committing to compensate the state and fund a new phase of development.

World powers cannot let Black Sea become new front in Russo-Ukrainian war, says Turkey’s foreign minister

World powers must not allow the Black Sea to be turned into a new front in the Russo-Ukrainian War, Turkish Foreign Minister Hakan Fidan said on October 8.

Shishkarev pledges share of Delo sale proceeds to Russian “national security”

India cuts Russian oil purchases as recovery in Middle East flows erodes Moscow's edge

Canada’s Condor increases funding for Uzbek gas and Kazakh LNG projects to up to C$70mn

Armenia would rather pay market price than political price for Russian gas, says finance minister

Armenia is prepared to move to market-based pricing for Russian natural gas because subsidised supplies that provide cheap energy end up costing the country politically and economically, according to Finance Minister Vahe Hovhannisyan.

Rosatom consolidates transportation Delo Group for $0.9bn

EIA raises Azerbaijan 2027 oil output forecast to 530,000 barrels a day

The US Energy Information Administration (EIA) forecasts Azerbaijan's average oil production in 2027 at 530,000 barrels a day, up 10,000 barrels a day from its September projection of 520,000 barrels a day.

Kazakhstan, Oman sign eight agreements, discuss deeper economic ties

Kazakhstan and Oman signed eight agreements covering investment, transport, finance and energy during Sultan Haitham bin Tariq Al Said’s state visit to Astana on October 5.

TMK says gas rates continue to rise at Gurvantes XXXV pilot well project in Mongolia

TMK Energy (ASX:TMK) on October 6 announced in a stock exchange filing that daily gas production continues to increase at its 100%-owned Gurvantes XXXV Pilot Well Project in Mongolia.