FSUOGM - Former Soviet Union Oil & Gas

Gazprom Neft launches new eco-generation complex at the Omsk refinery

Russia continues to modernise its refineries with the support of Gazprom Neft, diversifying and stabilising the domestic market as well as increasing compliance with environmental requirements.

Plans for doubling Azerbaijan's gas flows to Europe on hold

Expansion of the Southern Gas Corridor pipelines carrying Azerbaijani gas to Europe is on hold pending confirmation that Europe will buy the gas. Baku's offensive to retake Nagorno-Karabakh could further complicate things.

Transneft and Kazakhstan sign agreement on transit of Kazakh oil through Russia in 2024.

Novatek pushes for state support for hard-to-recover gas resources

Developing hard-to-recover natural gas reserves in Russia requires a special state support programme, Vladimir Kudrin, the deputy chairman of the board of the country’s top LNG exporter, Novatek, said at a forum in Tyumen on September 20.

Russia ramps up oil well commissions this year

Russia commissioned 14% more oil wells in the January-July period of this year than the corresponding period of last year, sources with access to energy ministry statistics told the Moscow-based Vedomosti newspaper on September 19.

Turkey strikes deal to export natural gas to Romania

Ukraine to be entirely gas self-sufficient this winter for first time ever

FSUOGM: Russia avoids most of the G7 oil sanctions on its exports

Caspian Sunrise reports 21% decrease in 1H23 pretax profit

Russia avoids most of the G7 oil sanctions on its exports

Russia has managed to avoid G7 sanctions on most of its oil exports, a development that will bolster the Kremlin's revenues as crude oil prices surge towards $100 per barrel, the Financial Times reported on September 24.

ING: Diesel supply concerns grow with Russian export ban

Middle distillate markets received another boost yesterday after Russia announced that it would be temporarily banning diesel and gasoline exports. This is at a time when there is already plenty of concern around middle distillate availability.

Former CFO of Russian gas major Novatek jailed in US

Mark Anthony Gyetvay, a former deputy chief and CFO of the Russian Novatek, was sentenced on 21 September to seven years and two months in a US prison for a scheme to hide millions of dollars of income in undisclosed Swiss bank accounts.

Russian pipe major TMK to hold SPO on Moscow Exchange

Russian oil and gas pipe maker TMK will hold a secondary public offering of around 15mn shares, or 1.5% of the issued capital, at a price of RUB205-RUB235 per share on the Moscow Exchange,

US to impose new sanctions on Russia’s booming LNG exports

The US is piling the pressure on Russia’s booming LNG exports with a new round of sanctions that will make production and transport more complicated. The latest round of sanctions takes aim at Russia's LNG expansion and trade efforts.

Russia bans fuel exports as deliveries to military surge

Russia has temporarily banned the export of gasoline and diesel to all countries outside a group of four ex-Soviet states, aiming to stabilise its domestic fuel market, as supplies of diesel to the military surge.

Kashagan presses forward with project to commercialise 1bn cubic metres of associated gas

CPC reports 9% expansion in oil throughput in 8M23

Mitsui affirms commitment to new US-led sanctions on Russia's Arctic LNG 2 Project

In response to the recent imposition of fresh US sanctions related to Russia's Arctic LNG 2 gas project, Japan’s Mitsui has announced its intent to comply fully with the restrictions.

Indian oil firms seek solution for stranded dividend income purchases

India’s public sector oil companies are keen to pursue any and all options to utilise their frozen dividend income sitting idle in Russian bank accounts.

Naftogaz pays coupons on restructured 2022/2026 eurobonds

Uzbekistan's gas exports to China fall by 40%

EU reaction to Azerbaijan attack on Nagorno-Karabakh muted by growing dependence on Azeri gas

The Western reaction to Azerbaijan’s attack on Nagorno-Karabakh this week has been muted by its growing dependence on Azeri gas supplies.

Iran, Uzbekistan sign petrochemical memorandum

Zenith Energy to acquire another oil production asset in Kazakhstan’s Atyrau Region

Russian oil price discount shrinking, sanction dodging widespread

A recent study by the KSE Institute, led by senior economist Benjamin Hilgenstock, found that Russia is successfully avoiding oil sanctions and that the discounts it has to offer on its barrels of oil are tightening in comparison with Brent.

Halliburton equipment worth $7.1mn sold to Russia in past year

According to customs records, equipment from the US oilfield services giant Halliburton worth $7.1mn has been imported into Russia in the last year, the Guardian newspaper reports in an exclusive.