FSUOGM - Former Soviet Union Oil & Gas

4 October 2023

Russian government sets rules for selling ExxonMobil's Sakhalin-1 stake

3 October 2023

Russia’s government has approved rules for valuing and selling ExxonMobil’s stake in the Sakhalin-1 oil project in the Far East, the TASS news agency reported on September 29.

Pakistan's Cnergyico imports first private-sector shipment of Russian crude amid discount opportunities

3 October 2023

In a bid to alleviate its ongoing financial challenges, Pakistan's leading refiner, Cnergyico, has announced the successful importing of the country's inaugural private-sector consignment of Russian crude oil, DAWN reported October 2.

India’s MEIL announces $648mn Mongolia refinery contract

2 October 2023

Hyderabad-based Megha Engineering and Infrastructures Ltd announced on September 29 that it has secured a contract worth $648mn in Mongolia. The agreement pertains to the third phase of the Mongol Refinery project, as confirmed by the company.

Gazprom sees gas production drop by quarter in H1

2 October 2023

The country’s premier gas producer lifted 179.5bn cubic metres in the six-month period, down 24.7% y/y.

Russian diesel export ban hits an already tight market

2 October 2023

In a move to stabilise domestic fuel prices, Russia announced a snap ban on diesel and gasoline exports on September 21, amplifying the strain on an already tight global fuel market and remaking the global supply chains.

Kazakhstan pledges more oil on longer-term basis for Germany

2 October 2023

During a visit to Berlin, Kazakh President Kassym-Jomart Tokayev said his government was prepared to assist Germany in its effort to find alternatives to Russian oil, which it stopped importing at the end of last year.