FSUOGM - Former Soviet Union Oil & Gas

Saudi, Russian oil cuts rolled over until year-end

Saudi Arabia and Russia this week announced that they would extend the voluntary oil production cuts that were implemented in July until the end of the year.

Turkmenistan: Uzbek to the future

Ties with Uzbekistan have never been so strong. The situation is producing tangible results. This and more in this week's Eurasianet Akhal-Teke Bulletin.

Russian oil & gas budget revenues shrink 21% in August

Russian oil and gas revenues shrank nearly 21% month on month in August to RUB642.7bn ($6.6bn), finance ministry data released on September 5, as a result of increased subsidies to oil refineries and a cyclical drop in income-based tax.

29 Russian cities have joined emission quotas trial

Russia is looking to address air quality problems and the overall environmental situation in its cities as part of a federal programme, but these efforts could be stunted by international sanctions.

ASX-listed TMK Energy says performance of pilot wells at Mongolia coal seam gas project in line with expectations

Zenith enters agreement with Kazakh company on potential acquisition of oil asset

Romania’s Transgaz to operate Moldova’s natural gas transport system

Russian Lukoil’s oil terminal comes under Bulgarian control

Rosneft, Transneft quash beef over 2019 Druzhba dirty oil crisis

Russia’s largest oil company Rosneft and the country’s oil pipeline monopoly Transneft have settled a long-standing dispute over compensation for the 2019 contamination of oil in the Druzhba pipeline system.

Foreign traders pumped 1.1 bcm of gas into Ukraine in August, bringing total to 1.8 bcm

Ukraine welcomed 1.1bn cubic metres of gas into its storage facilities from the EU and Moldova last month, Ukraine Business News reported on September 4.

FSUOGM: Russia's Sibur breaks ground on new $2.1bn polypropylene plant

Azerbaijan boosts economic ties with China: opens Trade House in Beijing and seeks expanded energy cooperation

Russian companies build up $200bn secret slush fund despite the oil sanctions

The unprecedented and extensive sanctions to limit Russia’s oil export income have successfully reduced Russia’s export earnings and budget revenues, but via various scams Russian companies have built up a slush fund of some $200bn abroad.

Russian oil major Rosneft settles Druzhba oil spill with Transneft

In 2019 the transit of Russian oil via the Druzhba pipeline was disrupted due to persistent technical problems in Poland and Germany, and uncertainty over mechanisms of compensation for botched supplied of crude to European refineries.

Can Europe simply ban Russia's soaring LNG imports too?

Europe has cut itself off from Russian gas following the destruction of the Nord Stream 1 & 2 pipelines last year, but imports of Russian liquefied natural gas have soared as it seeks sources of fuel and has few other options. Or does it?

Foreign portfolio investors wait for details of mooted Lukoil share buyback

Russian oil major Lukoil intends to redeem 25% of its stock owned by non-nationals at half the market price, the company said in August. The offer follows on from a similar successful share buyback scheme by retail giant Magnit in June.