FSUOGM - Former Soviet Union Oil & Gas

Novatek sees profits double in 2022 on higher LNG export revenues from Europe

Novatek reported a doubling of profits in 2022, Interfax reported on March 16, thanks to a jump in shipments to the highly-priced European market, despite fallout from Moscow’s war in Ukraine.

FSUOGM: Gazprom Export head Burmistrova steps down

Slovak refinery Slovnaft begins processing oil from Azerbaijan

Turkey eyes 40 bcm per year gas exports

Turkey wants to position itself as a key natural gas exporter on the back of its key Sakarya discovery in the Black Sea, the country’s energy minister, Fatih Donmez, said.

G7 seeks to keep $60-per-barrel cap on Russian oil

The G7 group intends to keep the current price cap on Russian crude oil at $60 per barrel, as originally set in December last year, despite some calls from some EU member states to lower the price.

Gazprom Neft commissions new oil infrastructure in West Siberia

Gazprom Neft has started operating a condensate stabilisation unit for the Pestsovoye gas field in the Yamalo-Nenets region. The unit will produce natural gas liquids that can be delivered via the Yamburg-Urengoy pipeline to a plant in Novy Urengoy.

EMOV becomes largest shareholder of Kazakhstan-focused Nostrum Oil & Gas

KMG sees 2.4% increase in 2022 net profit

Naftogaz Group launches new gas well in Ukraine to produce 340,000 cubic metres per day

Naftogaz Group has launched a new well that can produce 340,000 cubic metres of gas per day, Ukraine Business News reported on March 15.

Azerbaijan sees boost in oil and gas production and exports in early 2023

Kazakhstan to send test shipment of oil from Kashagan field to Baku port

Kazakhstan's Tengiz oil field reportedly resumes output at ‘normal’ levels

Kazakhstan to supply another 20,000 tonnes of crude via Druzhba to Germany in March

Bulgaria ready for more Azeri gas, Radev tells Aliyev

EU member Bulgaria is ready to receive more natural gas from Azerbaijan through the Southern Gas Corridor (SGC) and the Interconnector-Greece-Bulgaria (IGB) pipeline, Bulgarian President Rumen Radev told Ilham Aliyev, the President of Azerbaijan.

Russian petrochemical major Sibur hopes for European LPG comeback

Although the company has redirected its LPG supplies from Europe to Asia and the East Mediterranean, it still maintains its infrastructure for shipments to Europe.