FSUOGM - Former Soviet Union Oil & Gas
Kazakhstan extends preferential oil transit terms to Russia
Kazakhstan has extended preferential terms for Russian oil pipeline transits through the Central Asian country, while its own producers have to pay higher fees.
Kazakh oil falls out of favour in South Korea
Kazakh CPC Blend crude has fallen out of favour in South Korea, Asia’s third-largest oil importer, with the country taking zero cargoes in February.
Launch of common EEU fuel market to be delayed until 2027
The creation of a single market for fuel within the Russian-led Eurasian Economic Union will not happen until at least 2027.
Kyrgyzstan seeks more Russian gas
FSUOGM: Gazprom buys Shell's stake in Sakhalin LNG
Ukrnafta commences drilling of new exploration well amid production growth goals
Ukrnafta, Ukraine's leading oil company, has embarked on drilling operations for a new exploration well in a western Ukrainian field as part of its strategic efforts to bolster oil and gas production.
Russia sells Urals oil to India above Western price cap amid payment delays and logistics challenges
Despite facing payment delays and logistical hurdles, Russia continues to sell Urals oil to India at prices well above the Western-imposed price cap.
Russian diesel tankers stranded off Brazil's coast amid sanctions-induced bottlenecks
Tankers laden with millions of barrels of Russian diesel find themselves adrift along Brazil's coastline, highlighting the latest snag in Moscow's energy exports amidst tightening Western sanctions.
Kazakhstan reportedly engaged in negotiations with Russia on gas supplies to northern regions
SOCAR methanol plant doubled production in January-February 2024, exports increased by 10%
Russia has trouble with oil payments though Chinese, Turkish, UAE banks
Russian oil firms face delays of up to several months to be paid for crude oil and fuel shipments as banks in China, Turkey and the United Arab Emirates (UAE) are becoming more cautious of the US secondary sanctions.
Gazprom buys Shell's stake in Sakhalin LNG
A subsidiary of Russia’s national gas company Gazprom has acquired Shell’s former 27.5% interest in the Sakhalin-2 LNG project in the Far East for $1.1bn, according to a government order.
Ukrnafta reports increase in oil and gas production
Ukrnafta, Ukraine's largest oil and gas producer, announced on March 26 that it had achieved a notable increase in production for the month of February 2024 compared to the same period last year.
Uzbekistan MTO: plastics in the steppe
Russia, Ukraine trade attacks on energy infrastructure
While Russia launches missile after missile at Ukrainian energy infrastructure, Ukraine is maintaining its drone campaign against Russian refineries.
Azerbaijan aims to speed up implementation of past goals at COP29
Azerbaijan, as the host of the upcoming UN COP29 climate summit, wants to focus on speeding up the implementation of goals set at the previous COP28 event in Dubai.
Kazakhstan presses on with gas transit capacity expansion
Kazakhstan’s state-owned gas pipeline operator Qazaqgas plans to speed up work on upgrading infrastructure to support increased Russian gas transit to neighbouring countries in Central Asia.
Kazakhstan denies plans to privatise oil refineries
Kazakhstan’s national oil company Kazmunaygas has denied reports that it is considering the privatisation of two of its oil refineries.
Russian gas demand to grow 4% by 2030: Gazprom
Russian domestic natural gas demand will expand by around 20bn cubic metres by 2030, or by around 4%, national gas supplier Gazprom has estimated, as a result of the country’s ongoing gasification programme to bring gas supply to more settlements.
Russia now sells fourth-fifths of oil, gas in rubles, yuan, says Novak
Russia is now selling around 40% of its oil and gas in rubles and another 40% in Chinese yuan.
Schlumberger has no plan to exit Russia
US oilfield services giant Schlumberger has no plans to leave Russia, despite its two main rivals Baker Hughes and Halliburton selling their businesses there.
World’s biggest oilfield services company SLB has no plans to leave Russia
SLB, the world's largest oilfield services company, has has no immediate plans to exit Russia, despite growing international pressure to cut off the flow of petrodollars that could potentially support the Kremlin's war in Ukraine.
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