FSUOGM - Former Soviet Union Oil & Gas
Ukraine’s strategy of hitting Russian oil refineries is working
Ukraine’s strikes on Russian oil refineries are doing what oil sanctions failed to do: reducing the Kremlin’s income from oil production, limiting its supply of fuel for the army and pushing up domestic prices, without driving up oil prices.
Kazakhstan to export 225,000 tonnes of petrol refined from naphtha supplied by Russia’s Tatneft
EU turning a blind eye to Russian LNG flowing through its terminals
Europe has been turning a blind eye to a fifth of Russia’s LNG output that is flowing through EU ports, either to be consumed by member states or sent on to customers around the world, in what is a lucrative trade for the Kremlin.
Turkey signs LNG deal with US supermajor ExxonMobil placing question mark over Russian gas supplies
Ankara has ambition to make country an energy supply powerhouse based on re-exports.
Russian Tatneft oil major grows 57% in 1Q24 under RAS
Russian regional oil major Tatneft posted 57% year-on-year growth in Russian Accounting Standard revenues to RUB382bn ($4.2bn) in 1Q24, the company announced.
Russia to lift petrol exports ban as market stabilises
Russia could lift the ban on exports of petroleum products for a period of two months in May-June 2024, according to a report by Kommersant daily citing unnamed official sources.
Russian geo exploration agency asks for $274mn support
Russian state geological exploration agency Rosgeologiya is asking the government for RUB25bn ($274mn) of state support in subsidies and recapitalisation, as well as a special status for state-ordered geo exploration works.
EU proposes sanctions on trans-shipment of Russian LNG
The European Union is considering placing its first sanctions on Russian LNG.
Russian oil and gas sector sees 40,000 workers shortage
Labour shortages have also affected Russia’s oil and gas sector, reaching 40,000 people, Bloomberg estimates. Since the beginning of 2024, the number of vacancies in the sector has grown by 25%.
EU LNG imports down 8% in January-April: GIE
EU LNG imports were down 8% year on year in January to April at 40.8bn cubic metres, coinciding with a climb in Russian pipeline gas supplies.
Azerbaijan seeks EU long-term guarantees, financial support for gas projects
Azerbaijan is seeking long-term guarantees and available financial support from the EU to invest in its gas production and expand exports to the bloc, its president Ilham Aliyev said in late April.
Kazakhstan files plan with OPEC to compensate for missing oil quotas
Kazakhstan has sent a plan to OPEC on how it aims to compensate for producing more oil than its OPEC+ production quota in the first four months of the year.
Indian imports of Russian oil increase in April as Ukraine strikes Moscow’s refineries
Russia supplied 1.96mn barrels per day(bpd) of crude oil to Indian refineries in April 2024, which is almost 19% more than the amount supplied in March 2024
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