Oil and Gas Industry Latest news

18.11.2013 Sberbank to Invest RUR 10bn in Expanding Yaysky Refinery

Sberbank is going to invest RUR 10bn in the second stage of the Yaysky oil refinery in Kemerovo Region by 2014, the board chairman of Siberian Bank (Sberbank’s subsidiary), Vladimir Vorozheykin, told a Tekhnoprom forum in Novosibirsk.

18.11.2013 Russian State Duma Gives Preliminary Approval to LNG Export Liberalization

The Russian State Duma has passed the first reading of a bill to liberalize LNG exports.

The bill was submitted to the Duma by the government.

18.11.2013 Belarus to Sell Mozyr Oil Refinery in 2014

The market value of the state-owned stake of the Mozyr oil refinery will be calculated next January so the stake will probably be sold next year, Interfax has reported, citing Belarusian property committee head Georgy Kuznetsov.

18.11.2013 Brent Slips to USD 108 on Monday

Brent crude slipped towards $108 a barrel on November 18 as traders focused on a resumption of talks between Iran and major powers that may lead to a rise in oil supply, Reuters has reported.

18.11.2013 Russia to Cut Primorsk Urals Exports in Early December

Russian shipments of Urals crude from Primorsk are set to drop by 44 percent in the first six days of December from the same period a month earlier, Bloomberg reported on November 15.

18.11.2013 Russia’s Tatneft Bugulma Plant Makes Scrubbers for Siberian Projects

The Bugulma Mechanical Plant of JSC Tatneft has manufactured column equipment for use in Eastern Siberia, Tatneft Press Office said on November 15.

18.11.2013 Niger Awards Another Oil Permit to China’s CNPC

The government of Niger has awarded China National Petroleum Corporation (CNPC) a second operating permit in the Agadem block and plans to export the oil via Chad and Cameroon, Reuters reported on November 16, citing state television.

18.11.2013 Kuwait Starts 3D Seismic at Abdali Area

Head of Kuwait Oil Company's Exploration Department Ahmad Al-Eidan announced on November 17 the start of the 3-D seismic survey of Abdali farms area to explore for oil and gas reservoirs, Kuwait News Agency has reported.