FSUOGM - Former Soviet Union Oil & Gas

Russia to start using SPIMEX-based Urals price assessment to calculate tax as early as this year

Russia is hopeful that it can start using a Urals benchmark price assessment at the St Petersburg International Mercantile Exchange (SPIMEX) to calculate how much tax oil exporters should pay as early as this year.

INK brings on stream Russia's second-biggest helium plant

The plant is situated at the helium-rich Yaraktinskoye oil and gas field, and is currently operating in trial mode. Once running on a commercial basis, it will produce 10mn litres of helium annually, INK said.

Naftogaz paid over UAH40bn in taxes from January to May

Naftogaz, Ukraine’s oil and gas giant, paid over UAH40bn ($1.09bn) in taxes in the first five months of the year, Economic Pravda reported on June 19.

Rosneft eyes oil supply deals in upcoming tender

Russia’s largest oil producer Rosneft is near to clinching long-term deals to sell significant quantities of crude internationally, the Wall Street Journal reported on June 15, citing sources.

FSUOGM: Russian gas flow via TurkStream slumps to year-low

Russia and Kazakhstan reach agreement to extend oil transportation deal until 2033

Oil exports from Azerbaijan increased by 3% y/y in January-May

Azerbaijan in January-May increased revenue from gas exports by 18.5%

Novatek launches $600mn hydrocracking unit at Ust-Luga

Kazakhstan, China expand oil and gas ties with raft of new deals

Kazakhstan has struck a number of deals this month to expand co-operation with China in the oil and gas industry, as Astana seeks closer ties with Beijing while reducing its reliance on Moscow.

Gazprom strikes deal on gas supply to Uzbekistan

Russia’s Gazprom has signed a contract for the supply of natural gas to Uzbekistan, the company announced on June 16, with shipments potentially ranging between 4-10 bcm per year.

Russia repeats calls for transparent probe into Nord Stream blasts

Russia has stepped up calls for a transparent investigation into the blowing up of the Nord Stream pipelines last week.

Russian President Putin said Russia is “getting off the needle” of raw material exports

Russian President Vladimir Putin said Russia is “getting off the needle” of its raw materials export dependency during his keynote speech at the St Petersburg International Economic Forum (SPIEF) on June 16.

Russia resumes oil exports to North Korea

Lukoil’s Alekperovs consolidate oilfield service business

The family of the main shareholder of Russia’s second-largest oil producer Lukoil, Vagit Alekperov, is expanding its presence in the oilfield service business, Kommersant daily reported.

9% boost in Kazakhstan’s oil and gas condensate output

SOCAR increased production of gasoline by 48%, diesel by 36% in January-May

Corruption probe unveils misconduct at Ukrainian Railways: four employees implicated

Four employees of Ukrainian Railways (UZ) are suspected of fraud, following a three-year-long investigation, the Kyiv Independent reported on June 14.

Russia’s FinMin to pull tax breaks from mature oilfields

Russia’s Finance Ministry plans to cancel the 20% deduction from the mineral extraction tax (MET) for depleted oilfields that account for more than 25% of crude output, Kommersant daily reported citing unnamed sources.

Axens signs deal with KMG on supplying process design package for AlphaButal technology

Shah Deniz gas export rises 8.7% in first five months of 2023 amid overall boost in Azerbaijan's gas output

bneGREEN: Turkmenistan responds to calls for action on immense methane leaks

One initiative approved by president will pave way for remote nation to join the Global Methane Pledge.

The EU’s will fight the energy crisis by storing more gas in Ukraine

The EU’s will fight the energy crisis by storing more gas in Ukraine. With gas storage tanks in the EU already approaching full capacity and already over 70% full, the EU is considering making use of Ukraine’s extensive gas storage tanks.