FSUOGM - Former Soviet Union Oil & Gas

Russian oil major Rosneft approves final 2H24 dividend

The board of state-controlled oil giant Rosneft recommended 14.68 RUB/share final dividend for 2H24.

Ukraine faces soaring gas import costs after Russian attacks on production facilities

Ukraine’s reliance on gas imports is set to surge to $2.9bn by 2025 following a wave of Russian attacks on the country’s gas production facilities.

Naftogaz secures €410mn in financing to bolster winter gas supplies

Ukraine’s state energy company Naftogaz has secured €270mn in loan financing from the European Bank for Reconstruction and Development (EBRD) and a €140mn grant from the Norwegian government.

Albania launches gasification project in Korça with Azerbaijan's SOCAR

Albania has launched a major gasification project in the southeastern city of Korça, partnering with Azerbaijan’s state oil company SOCAR, a statement from the Ministry of Energy and Infrastructure said.

Azerbaijan’s associated gas output drops 0.3% in Q1, condensate production falls 9.2%

Azerbaijan’s associated gas output drops 0.3% in Q1, condensate production falls 9.2%

Kazakhstan lines up possible entry into international project to develop Turkmenistan’s supergiant Galkynysh gas field

Kazakhstan may join an international project to develop Turkmenistan’s supergiant Galkynysh gas field.

Iraq cancels Ukrainian firm’s contract Akkas

Russia, Uzbekistan discuss plans to double gas exports during Lavrov visit

Energy cooperation took centre-stage during Russian Foreign Minister Sergey Lavrov’s official visit to Samarkand, Uzbekistan, on April 23.

Kazakhstan continues efforts to finalise Russian gas supply agreement with Gazprom

Kazakhstan is continuing efforts to finalise a long-term natural gas supply agreement with Russia’s Gazprom, but ongoing disputes over pricing appear to have delayed a deal.

Kazakhstan will put national interests over OPEC+ oil limits, says energy minister

Comments spark fears of price wars and even of a potential de facto exit from the coalition by the Central Asian country.

Naftogaz and Poland’s ORLEN sign third LNG supply deal

Naftogaz Group and Poland’s ORLEN have signed a third contract for the supply of liquefied natural gas (LNG), adding a further 100mn cubic metres (mcm) to existing agreements

Glencore completes exit from Russian oil major Russneft

Commodities trading major Glencore has divested its stake in Russian oil company Russneft, with Dubai-based OCN International DMCC acquiring 16.33% of the company's ordinary shares.

Fluor announces completion and launch of Future Growth Project at Tengiz oil field

US engineering and construction firm Fluor Corporation has announced the successful completion and startup of the Future Growth Project (FGP) at Kazakhstan’s Tengiz oil field.

Kazakhstan to conduct exploration works at sites with estimated reserves of 500 bcm of gas

Kazakhstan to provide natural gas access to over 200,000 citizens this year

Kazakhstan plans to complete 60 gas supply projects across 71 settlements by the end of 2025, expanding access to natural gas for an additional 218,000 Kazakh citizens and bringing the total number of people with access to gas to 12.8mn.

Kazakh environmental prosecutor fines Karachaganak operator for breaching emissions limits

Karachaganak Petroleum Operating (KPO), the international consortium developing Kazakhstan’s Karachaganak oil field, has been fined nearly $1.4mn by a specialised environmental prosecutor’s office for breaching emission limits.

Uzbekistan to auction stakes in 29 major state enterprises in privatisation push

Uzbekistan has committed to selling stakes in 29 major state-owned enterprises during 2025–2026, including assets in energy, telecoms, automotive and chemicals, as part of a broad privatisation push targeting international markets.

Uzbekistan, Australia’s AGA sign memorandum on building $5.5bn green urea, sustainable aviation fuel plant

Uzbekistan has signed a memorandum of cooperation with Australia’s Allied Green Ammonia (AGA) to build a $5.5bn green urea and sustainable aviation fuel (SAF) production facility.

Kazakhstan to export 40,000 tonnes of Ai-92 petrol in April

Kazakhstan plans to export 40,000 tonnes of Ai-92 petrol in April from Shymkent oil refinery.

Kazakhstan to double oil refining capacity to 38mn tonnes per annum by 2040

Kazakhstan aims to double its national oil refining capacity to 38mn tonnes annually by 2040, The Times of Central Asia reported on April 21, citing Minister of Energy Yerlan Akkenzhenov.

Crude prices climb by 5% amid Trump tariffs & OPEC+ output cuts

Crude oil prices have increased by 5%, pushed by US sanctions on Iran that were aimed at damaging ‘teapot’ refineries in China, and additional output cuts from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).

Russian firms eye joint ventures with Mexico's Pemex for oil projects

Russian companies are open to develop joint ventures with Pemex to pursue heavy crude oil extraction projects, Russia's Trade Representative in Mexico Aleksandr Abrámov said, Mexico Business News reported.

How Europe has weaned itself off Russian gas in the last three years

In 2021, Eastern European countries imported almost half of their gas from Russia. Only two countries in the region – Albania and Kosovo – were wholly independent of Russian gas.

Daewoo E&C signs framework deal for mineral fertilizer plant in Turkmenistan

Daewoo Engineering & Construction said on April 18 that it has signed a framework agreement with Turkmen state-owned chemical company Turkmenhimiya for the construction of a mineral fertilizer plant.