FSUOGM - Former Soviet Union Oil & Gas
Russia’s oil and gas revenues soared by 61.6% in 7M24 to $80bn.
Russia’s oil and gas revenues soared by 61.6% in the first seven months of the year, reaching RUB6.777 trillion ($79.98bn) compared with 4.193 trillion ($49.42bn) during the same period last year.
Austria to phase out Russian gas imports by 2027
Austria’s ruling coalition has agreed to halt imports of Russian natural gas by 2027 as part of a new security strategy, as reported by the Kurier newspaper on August 5.
Hungary reacts angrily to European Commission’s call to reduce dependency on Russian oil
Kazakhstan to temporarily reduce oil shipments via BTC pipeline due to maintenance at Tengiz
Fitch upgrades Turkmenistan IDR to ‘BB-’ on further improvement in “exceptionally strong sovereign balance sheet”
Supply gas deal with Russia a win-win, Iranian envoy says
A long-term gas deal inked between Iran and Russia in June is a “win-win,” Tehran’s ambassador to Moscow was quoted as saying.
Uzbekistan launches probe into sharp LPG price hike
EU urges Hungary and Slovakia to cut their dependency on Russian oil
Brussels says that oil supplies to the two countries are not at immediate risk from Ukraine's tightening of sanctions on Lukoil.
FSUOGM: Gasum halts Russian LNG purchases
Russia extends gasoline export ban
Russia has extended its ban on exports of gasoline until the end of October, in response to shortages and a spike in the price of the fuel.
Moldovan companies allegedly involved in Russia's oil and fuel export
Investigative organisation RISE Moldova identified several Moldovan companies that came to "play an important role in the maritime transport of Russian oil.”
Azerbaijan's major oil and gas projects report significant operational and capital expenditures in 1H24
Slovenia's Geoplin seals first natural gas supply deal with Azerbaijan's SOCAR
Slovenia's leading gas wholesaler, Geoplin, said on August 1 it has concluded its first natural gas supply agreement with Azerbaijan’s energy giant SOCAR.
SOCAR and Eni S.p.A. sign memorandum to enhance energy cooperation and sustainability
Minister of Economy and Chairman of the Supervisory Board of the State Oil Company, Mikayil Jabbarov, and SOCAR President Rovshan Najaf met with Claudio Descalzi, CEO of Italy’s Eni S.p.A company.
Russia prepares $25bn initiative to substitute equipment and tech in the energy sector
Russia’s flagship national initiative to achieve “technological sovereignty” in the energy sector, overcoming dependence on Western technology, is set to cost RUB2.14 trillion ($25bn) between now and the end of the decade.
Energo: Russia prepares $25bn initiative to substitute equipment and tech in the energy sector
Major Moldovan fuel distribution company Tirex Petrol goes insolvent
Tirex Petrol, the incumbent car fuel distribution company in Moldova and the fourth-largest distribution company in 2023 (after major players Petrom, Rompetrol and Lukoil) privatised in 2000, entered insolvency at the request of creditors.
Helmerich & Payne to acquire KCA Deutag
Helmerich & Payne (H&P) is to acquire UK-based KCA Deutag International for $1.97bn in cash
Follow us online