FSUOGM - Former Soviet Union Oil & Gas

19 January 2024

Ukraine becomes self-sufficient in gas production for first time since independence

18 January 2024

For the first time in 20 years, Ukraine extracted more than one billion cubic metres of gas from new wells in 2023 and become self-sufficient in gas.

Key Russian refinery halves gasoline output after foreign equipment failure

17 January 2024

Lukoil’s oil refinery in Nizhny Novgorod – one of the largest plants of its kind in Russia – has halved its gasoline production following the failure of equipment supplied from the West.

Former Shell JV unit in Russia targets deeper oil layers

16 January 2024

Shell’s former main joint venture with Gazprom Neft in Western Siberia has secured rights to a new oil and gas block in the Khanty-Mansiysk region.

Sibur ramps up LPG exports from Ust-Luga ahead of sanctions

16 January 2024

Russia’s leading petrochemicals producer Sibur ramped up exports of LPG by nearly a quarter last year via the Baltic port of Ust-Luga ahead of the introduction of Western sanctions.

Disruptions at major refinery of Russian oil producer Lukoil

16 January 2024

One of Russia’s largest petrol refineries in Nizhny Novgorod NORSI of independent oil major Lukoil halved its output due to an accident, and could face difficulties recovering the production and fixing the damaged equipment due to sanctions.

Russian oil and gas revenues dip by quarter in 2023

15 January 2024

Russian oil and gas budgetary revenues dropped 24% year on year to RUB8.82 trillion ($99bn) in 2023, as a result of weaker oil and gas prices and reduced gas flow to Europe.

Russian court bans Naftogaz's arbitration against Gazprom

15 January 2024

A court in Russia on January 12 banned Ukraine’s state-owned gas company Naftogaz from proceeding with an international arbitration case against its Russian counterpart Gazprom.

Kazakh oil production climbs 7% in 2023

15 January 2024

Oil and gas condensate production in Kazakhstan rose by 7% last year, arriving at almost 90mn tonnes, or 1.8mn barrels per day.

Azerbaijan in 2023 reduced oil production by 7.4%, gas by 3%

12 January 2024

In 2023 Azerbaijan's oil production with condensate decreased by 7.4% to 30.2mn tonnes compared to the previous year, as per the Ministry of Energy's operational data.