FSUOGM - Former Soviet Union Oil & Gas
Mitsubishi’s MHI-AP wins three-year Turkmenhimiya fertiliser plant service contract
Mitsubishi Heavy Industries Asia Pacific (MHI-AP), a subsidiary of Japan’s Mitsubishi Heavy Industries, has entered into a three-year service contract with state concern Turkmenhimiya (TH), the operator of Turkmenistan's largest fertiliser plant.
Kazakhstan increases oil exports via Russia as German demand rises
Kazakhstan increased oil exports via its traditional pipeline route through Russia in the first half of 2025, supported by growing demand from Germany, Upstream reported on July 21, citing data released by Kaztransoil.
Azerbaijan’s oil fund reports 3% drop in net profit, increased reliance on gold in 2024
EU's 18th sanctions package: toughest yet or merely demonstrative?
The 18th package may be remembered less for its economic impact than for its political theatre: a demonstration of European unity.
Rosneft slams EU sanctions on Indian oil refiner Nayara
Russia’s state-controlled oil company Rosneft has sharply criticised the EU’s latest sanctions package, which includes measures against Indian refiner Nayara Energy, describing the action as “unjustified and illegal.”
OGT 2025 gains momentum: over 100 delegates registered as global energy leaders confirm participation
Registration is well underway for the 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025” (OGT 2025), to be held from October 22–24, 2025, in Ashgabat.
Kazakhstan Supreme Court orders new hearing on $5bn Kashagan field environmental fine
Kazakhstan’s Supreme Court has ordered a new hearing on a $5bn environmental fine imposed on the North Caspian Operating Company (NCOC), operator of the Kashagan oilfield.
Greek tankers continue to transport Russian oil despite new eighteenth sanctions package, come under Ukrainian special ops attacks
Greek-owned oil tankers are likely to continue to carry Russian oil exports, despite the passage of a new eighteenth sanctions package last week that largely targets Russia’s oil exports.
Ukrainian cyberattack cripples Gazprom’s digital infrastructure
Ukrainian hackers have reportedly wiped servers, clouds and backups, crippling the control systems in an unprecedented cyberattack on Russia’s gas champion Gazprom.
Azerbaijan’s condensate output drops 8.8% in H1 2025, while commercial associated gas rises 12.9%
Second LNG carrier docks at Arctic LNG-2
A second LNG tanker since the start of this year has docked near the Arctic LNG-2 plant in the Russian Arctic.
Russia eyes gas find offshore Mauritania formerly held by BP
Russian oil and gas companies may begin developing the BirAllah gas field on Mauritania’s continental shelf as early as this year.
Russian authorities investigate sinking of diesel spill caused by tugboat sinking in Krasnoyarsk
Authorities in Russia’s Krasnoyarsk region have completed an investigation into the June sinking of a tugboat operated by Ob-Irtysh River Shipping Co., which resulted in a major diesel spill into the Yenisey River.
Gazprom starts selling helium on SPIMEX platform
Gazprom Gazonefteprodukt Holding has begun selling helium on the St Petersburg International Mercantile Exchange.
Russian oil output slides 3.5% in 5M
Russia's oil output, including gas condensate, declined by 3.5% year on year in the first five months of this year to 211mn tonnes (10.2mn barrels per day).
EU approves eighteenth sanctions package after Slovakia drops veto
The EU has approved the eighteenth sanctions package after Slovak Prime Minister Robert Fico agreed to drop his veto, saying that he had run out of negotiating options on July 18.
CPC Blend oil exports to hold steady in August at 1.66mn bpd
CPC Blend oil shipments from the Black Sea oil export terminal in Russia are scheduled to remain stable at 1.66mn barrels per day (bpd), or approximately 6.5mn tonnes, in August, Reuters reported on July 17, citing industry sources.
Azerbaijan’s crude oil exports rise 8.5% y/y in volume, drop 8.6% in value in H1 2025
Azerbaijan’s crude oil exports rise 8.5% y/y in volume, drop 8.6% in value in H1 2025
COMMENT: Slovakia’ Prime Minister pushes back on EU gas phase-out, demands a delay to the sanctions as EU cracks widen
Slovak Prime Minister Robert Fico is becoming a major embarrassment for the EU plans to phase out all Russian gas imports by 2028.
COMMENT: Trump’s 100% tariff threat to Russian oil customers unlikely to work
Donald Trump’s threat to impose secondary sanctions on countries buying Russian oil is probably more symbolic than practical, says a leading oil analyst and senior fellow at the Carnegie Russia Eurasia Center, Sergey Vakulenko.
Russian Atomenergoprom places US dollar bonds
SOCAR-KBR signs new engineering contracts with BP for Sangachal electrification and Shah Deniz compression projects
KazMunayGas and CNPC to build $1.25bn urea plant in Kazakhstan
KazMunayGas (KMG) and China National Petroleum Corporation (CNPC) are jointly implementing a project to construct Kazakhstan’s first domestic gas chemical complex for urea fertiliser production, Interfax reported on July 15.
Kazakhstan’s oil output rises 11.6% in first half
Kazakhstan increased its oil production by 11.6% y/y in the first half of 2025, reaching 49.9mn tonnes, Reuters reported on July 15, citing senior officials.
Armenia faces fuel crunch as LPG prices soar by over 40% amid import problems
Prices of liquefied petroleum gas in Armenia have surged by more than 40% in recent days, as hundreds of trucks carrying the fuel have been held up at Georgian border checkpoints for unexplained reasons.
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