FSUOGM - Former Soviet Union Oil & Gas
SOFAZ surplus for 2023 is estimated at AZN4.5bn
Air Products inks $1bn deal to acquire, own and operate industrial gas complex in Uzbekistan
Kazakhstan looks to China to diversify oil export routes
Kazakhstan is continuing its push to diversify its oil export routes, with its national oil company KazMunayGas (KMG) entering into talks with China’s CNPC on expanding two oil pipelines linking the two countries.
Russian oil and gas majors to see thinner margins
Profitability of Russian oil and gas companies is going to decrease by the end of 2023 due to a drop in oil and gas prices and due to a decrease in oil refining margins, Vedomosti daily reported citing an analysis of Sber CIB.
Oil output at Russia's Sakhalin-1 project restored close to pre-war level, says India's OVL
Crude oil production at the Sakhalin-1 project in the Russian Far East has been restored to its pre-war plateau level of 200,000 barrels per day, one of its shareholders, ONGC Videsh Ltd (OVL), has reported.
Russia denies report it is considering a gasoline export ban
Russian Energy Minister Nikolai Shulgunov denied last week that the Russian government was intending to ban gasoline exports, stating it only wanted to limit them in response to a rise in domestic prices.
Serb Republic mulls paying for Russian gas in rubles
Dodik met with Russian President Vladimir Putin last week in Moscow and officials from both countries discussed energy industry co-operation.
Gazprom Neft-backed private military group fighting in Bakhmut
Mercenaries hired by the oil arm of Gazprom Neft were involved in fighting in the war-torn Ukrainian city of Bakhmut, the BBC reported last week, indicating that Arctic oil exports are being used to directly fund the conflict.
Russia leans towards unaltered oil output plan ahead of OPEC+ meeting
Russia is leaning towards leaving its oil production level unaltered ahead of an OPEC+ policy meeting on June 4, Reuters reported last week, citing sources, as Moscow is satisfied with current prices and output.
Ukraine reportedly targets Russian oil infrastructure with drones
There has been an increase in Ukrainian drone attacks in Russia in recent weeks, and US intelligence now suspects that Ukraine was behind a drone attack on the Kremlin earlier this month.
Gas piped to China from Turkmenistan reportedly contaminated with sulphur after equipment breakdown
Agreement puts Canada's Condor Energies on path to stepping up gas production in Uzbekistan
Russia’s Gazprom cancels 2022 dividend
Russian natural gas giant Gazprom has resolved to not pay its 2022 dividends, attributing the decision to the high interim dividend already paid and the extraordinary taxes that the pipeline export monopolist has had to pay.
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