FSUOGM - Former Soviet Union Oil & Gas
German insurers renew cover for Nord Stream 1
German insurers Allianz and Munich Re have renewed coverage for the burst Nord Stream 1, sources told Reuters on April 4, indicating that the gas pipeline’s future restart has not been ruled out.
Kazakhstan's KMG to expand tanker fleet with Abu Dhabi partner to diversify oil export routes
Kazakhstan’s state-owned oil company KazMunayGas has agreed with the Abu Dhabi Ports Group on expanding their jointly controlled tanker fleet, in a bid to cut the Central Asian country’s dependence on Russia as an export route for its crude oil.
Novatek bids to acquire stake in Sakhalin-2 project, replacing former partner Shell
Russia’s leading LNG producer Novatek has applied to join Gazprom at the Sakhalin-2 oil and LNG project, replacing former shareholder Shell,
India, Russia adopt Dubai grade for pricing oil trade
Russia’s top oil producer Rosneft and India’s largest oil refiner Indian Oil Corp. have agreed to use the Asia-oriented Dubai oil price benchmark in their latest agreement to ship Russian crude to India.
Six little-known firms emerge as major Russian oil traders, replacing former leading players
Western sanctions as well as corporate self-sanctioning have led the biggest international oil traders to reduce their exposure to Russia considerably, pushing more Russian oil trade into the shadows.
OPEC+ announces surprise output cut
OPEC and several of its partners in the OPEC+ group made a surprise announcement over the weekend, declaring that they would make a voluntary oil production cut of 1.15mn barrels per day, which will run until the end of the year.
Ukrnafta to increase oil production to 1.45mn tonnes
Ukrnafta, the largest oil and gas producer in the country, plans a 6% increase in oil production this year to 1.45mn tonnes of oil, Ukranews reported on March 30.
Kazakhstan files $5.1bn claim against Kashagan operator
Hungary opposes EU’s 15% gas reduction proposal
Lithuania welcomes limits on Russian gas
CENTRAL ASIA BLOG: Turkmenistan, undisputed heavyweight champion of the world for methane emissions
Armed with evidence of “super-emitter” sites gathered by “satellite detectives”, climate change scientists will hope to persuade the Turkmens that measures to fix the leaks will pay for themselves.
KazTransOil transports 10,000 tonnes of crude across Caspian Sea for BTC pipeline transit
SOCAR to start production of gasoline and diesel in accordance with Euro-5 standards in 2023
EU countries agree to seek legal option to curb imports of Russian LNG
European Union countries have agreed to explore a legal avenue to prevent Russian companies from sending LNG to member states.
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