FSUOGM - Former Soviet Union Oil & Gas
Vitol under investigation over alleged bribery in Kazakhstan
Uzbekistan's gas import bill leaps to $984mn in 7M24, up nearly fivefold y/y
Uzbekistan's natural gas imports totalled $983.7mn from January to July, nearly five times higher than the $201mn recorded during the same period in 2023.
Hungary's MOL seeks to take oil at Russia-Ukraine border
The same arrangement might be made for Russian gas supplies through Ukraine after Kyiv and Moscow’s long-term transit contract expires at the end of this year.
OPEC receives updated compensation plans for over-production from Iraq and Kazakhstan
Uzbekistan gas extraction drops 5% y/y in 7M24
Uzbekistan’s gas extraction amounted to 26.15bn cubic metres (bcm) during the first seven months of 2024, marking a 4.8% y/y decline
Russian oil major Tatneft ups income by 36% in 1H24
Russian regional oil major Tatneft of Tatarstan Republic increased IFRS revenues by 49% year on year to RUB931bn in 1H24, with adjusted net income up by 36% y/y to RUB158bn ($1.7bn).
Air Products announces $140mn acquisition of Saneg’s hydrogen assets at Uzbekistan refinery
US-based Air Products, the global leader in hydrogen supply, has announced the $140mn-acquisition of Saneg’s hydrogen production assets at Fergana Oil Refinery in Uzbekistan.
Reduction in gas losses and decline in oil transportation mark Azerbaijan's energy sector in 1H24
In 1H24, Azerbaijan's energy sector reported mixed outcomes in the transportation and revenue generation from its main gas and oil pipelines, with notable fluctuations in both gas and oil handling.
If Russian gas transit through Sudzha stops, who are the winners and losers?
Russia generates approximately $11bn annually from exporting oil and gas through Ukraine, while Ukraine earns only $1bn from transit fees, according to Serhiy Makogon, former Director of the Ukrainian Gas Transmission System (GTS) Operator.
Russian court orders freeze of assets held by Linde's UK arm
A Russian court has ordered the freezing of assets worth $1.15bn belonging to the UK arm of Germany’s Linde, over its failure to build a gas processing plant on the Baltic Sea.
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