FSUOGM - Former Soviet Union Oil & Gas

FSUOGM: Chevron to help hunt for gas in Kazakhstan

Son of former Uzbek foreign minister snaps up filling station network

The son of a former Uzbek foreign minister acquired a network of filling stations and a small-scale oil refinery from national oil company Uzbekneftegaz.

Karachaganak group commissions new gas compressor

The international consortium operating the Karachaganak gas condensate field in northwest Kazakhstan is in the final stage of commissioning a new sour gas injection compressor that will extend the project’s production plateau.

SOFAZ reports significant increase in hydrocarbon revenues for 2023

Afghanistan awards $7.5mn gas drilling contract to Turkish company

Ukrnafta secures EBRD loan to invest $1bn in power plants

Ukrnafta, Ukraine's leading oil and gas company, will receive a loan from the European Bank for Reconstruction and Development and invest $1bn in constructing power plants as part of its transformation into a multi-energy company.

SOFAZ reports significant decline in revenues from ACG and Shah Deniz fields

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a substantial decrease in revenues from the Azeri-Chirag-Gunashli (ACG) block and the Shah Deniz field for the first half of 2024.

Turkmenistan signed a contract to supply up to 10bn cubic metres of gas per year to Iraq via Iran

Russian oil major Bashneft approves 2023 dividend

The shareholders of the Russian regional oil major Bashneft of Bashkortostan Republic approved RUB249.69 per ordinary and preferred share dividends for 2023.

Russian oil major Gazprom Neft approves 2023 dividend

The shareholders of Russian oil major Gazprom Neft approved a final dividend of RUB19.49 per share for 2023, making a total dividend of RUB102.43 per share for 2023.

Finding foreign Vostok Oil partners may be a challenge

Rosneft is sitting on a huge oil resource that can provide low-cost crude in ample quantities. But it will be a challenge securing any international support to fully capitalise on that resource.

Iran, Turkmenistan, Iraq sign gas swap deal

Iran, Turkmenistan and Iraq have signed a gas swap deal for up to 10bn cubic metres annually.

Armenia sees significant annual increase in petrol and diesel prices

Armenia's gasoline prices increased by 25.7% in June 2024 compared to June 2023, while diesel fuel prices saw a 16.5% increase, according to the National Statistical Committee of Armenia.