FSUOGM - Former Soviet Union Oil & Gas
Russia says construction of Mongolia part of Power of Siberia-2 gas pipeline to China may start in 1Q24
Kazakh government's oil and gas auction exceeds expectations
FSUOGM: Gazprom opposes liberalisation of Russian LNG exports
Azerbaijan claims demand for its gas in Europe exceeds 30 bcm
Oil markets on edge amid escalations in Israel-Hamas war
The escalation in the Israel-Hamas conflict is inciting apprehensive speculations about the impact on global oil markets amid the complex web of geopolitics, sanctions and spectre of broader tensions in the region and beyond.
Russian rail fuel exports drop 80%, EEU supplies continue
Russia's recent fuel export ban led to an 80% year on year decline in railway exports of gasoline in the first 15 days of October to about 37,000 tonnes, Reuters reported citing the data from two unnamed market sources.
SOFAZ assets forecasted to reach almost $59bn by 2028 with an average oil price of $80/barrel
The State Oil Fund of Azerbaijan (SOFAZ) has set its 2024 revenue forecast at AZN12.073bn, while its expenses are estimated at AZN12.862bn, indicating a budget deficit of AZN788.73m for the year.
Sanctioned oil tanker docks in Houston, destined for ExxonMobil refinery
An oil tanker sanctioned by the US government over allegations that it carried Russian crude priced above the G7's price cap docked in Houston on October 17, destined for unloading at ExxonMobil’s refinery in Baytown, Texas.
Oil sanctions are a spent cannon
When sanctions on Russia’s oil were introduced they were hailed as deadly blow to Russia’s finances and were expected to swiftly bring the Kremlin to its fiscal knees. This didn't happen.
SOCAR methanol plant reduced production by 13%, exports down by 7% in January-September
SOCAR Methanol produced 350,100 tonnes of methanol in January-September 2023, which is 13% lower than the figure for 9 months of 2022, the State Statistics Committee said.
Turkey’s Botas denies debt owed to Gazprom stands at $27.5bn
Trade media report, meanwhile, reveals European Commission is probing deal on Bulgaria’s gas incumbent Bulgargaz accessing gas supplies via Turkey. Potential competition law breaches identified.
Gazprom’s subsidiary threatens to cut gas supplies to Moldovan district heating for unpaid bills
Moldovagaz, the incumbent natural gas distribution and supply group controlled by Russia’s Gazprom, has informed that it is considering cutting supplies to customers that owe money in unpaid bills.
Kazakhstan’s QazaqGaz and China’s Petrochina International sign new gas supply contract
SOCAR to receive $1.5bn loan from Russia's Lukoil
According to research by Eurasianet, in an innovative manoeuvre to navigate the challenges presented by Western sanctions on Russia, Azerbaijan's flagship oil company, SOCAR, has forged a comprehensive deal with its Russian counterpart, Lukoil.
Baku and Beijing agreed on co-operation in the energy sector
Minister of Energy Parviz Shahbazov, who is on a visit to China as part of the Belt and Road International Cooperation Forum, held a meeting with the head of the National Energy Administration of China, Zhang Jianhua.
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