Military Forum for Russian and Global Defence Issues


    Russian Oil and Gas Industry: News

    Share
    avatar
    Viktor

    Posts : 5640
    Points : 6273
    Join date : 2009-08-25
    Age : 38
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Tue Dec 17, 2013 2:03 pm

    Mother of all deals (possible signing expected in February 2014)

    Contract "Gazprom" with China can be signed until February

    Miller: contract "Gazprom" with China is almost ready, it remains to agree on the basic price
    avatar
    Viktor

    Posts : 5640
    Points : 6273
    Join date : 2009-08-25
    Age : 38
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Tue Dec 17, 2013 7:32 pm

    Interesting article about Russian LNG strategy 

    Yamal LNG Project, Sabetta, Russian Federation
    avatar
    sepheronx

    Posts : 7110
    Points : 7382
    Join date : 2009-08-06
    Age : 29
    Location : Canada

    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Tue Dec 17, 2013 9:52 pm

    So rosneft gets a gas contract for 30 years with China for $200+ billion, now Gazprom is gonna get a 30 year contract with China for gas, for 30 years? This is a ckmpletely different contract, right? As well, how much $$$ we talking?
    avatar
    zino

    Posts : 118
    Points : 130
    Join date : 2013-11-21
    Location : Northern Italy Autonomous Okrug

    Re: Russian Oil and Gas Industry: News

    Post  zino on Tue Dec 17, 2013 11:14 pm

    sepheronx wrote:So rosneft gets a gas contract for 30 years with China for $200+ billion, now Gazprom is gonna get a 30 year contract with China for gas, for 30 years? This is a ckmpletely different contract, right? As well, how much $$$ we talking?

    Rosneft gets for oil, 270 bn for 25 years, Gazprom for gas via pipeline still to be built. Sources are speaking of 38 bn of cubic meters a year. A cheap price (250$ for 1000 cubic meters for example) will results in 9,5 bn $ a year income, a hoped 300$ 11,4 bn, if my math is correct. Not bad I think.
    avatar
    Viktor

    Posts : 5640
    Points : 6273
    Join date : 2009-08-25
    Age : 38
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Wed Dec 18, 2013 2:49 am

    If I remember correctly it was 30 year contract worth 1 trillion $ which means 33.3 bin $ per year and for Gazprom you have 45% taxes meaning each year for the next 30 years 

    Russian budget would be bigger for about 15 bin $ and Russian GDP for 33.3 bin $ and China will do lots of investment too. Anyway I think thats hardly the only deal China plans to have 

    with Russia. 

    Yes 300 bin $ deal with Rosfnet is separate one and its about oil.
    avatar
    sepheronx

    Posts : 7110
    Points : 7382
    Join date : 2009-08-06
    Age : 29
    Location : Canada

    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Wed Dec 18, 2013 6:38 am

    China has a record of almost or at least $100B win terms of economics with Russia. While China enjoys reliable gas and oil, Russia enjoys investments from China like automobile production, technology production, agriculyure and energy production in Russia. Russia has plenty of JV with China. With this record deal, China may seek further investments like in Titanium Valley.

    Actually, what can benefit both from issues in the future from US and EU, is something between them like US and Canada autopact. Where both countries contribute to tech advances in specific fields, different from each other, and trade each one to each other. Like specific automobiles or household goods. Russia would be desirable for tourism as well for Chinese.

    Austin

    Posts : 6838
    Points : 7227
    Join date : 2010-05-08
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Fri Dec 20, 2013 4:12 am

    Gazprom keeps shifting goal for China gas deal it was suppose to be signed by Dec and now Feb ......likey on Feb we will get new dates.

    The current new gas agreement is half the quantity they had planned to procure ............so the deal would be worth $300-400 billion ....ofcourse if it gets signed
    avatar
    sepheronx

    Posts : 7110
    Points : 7382
    Join date : 2009-08-06
    Age : 29
    Location : Canada

    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Fri Dec 20, 2013 2:42 pm

    Austin wrote:Gazprom keeps shifting goal for China gas deal it was suppose to be signed by Dec and now Feb ......likey on Feb we will get new dates.

    The current new gas agreement is half the quantity they had planned to procure ............so the deal would be worth $300-400 billion ....ofcourse if it gets signed

    From my understanding, Gazprom has lousy managers. I am thinking that it is due to poor communication. Hope that deal goes through or get another company involved (like rosneft again). Heck, Gazprom has more assets and foreign work than Rosneft, yet Rosneft has mich stronger finances.

    Oh and Victor, thank you for those bit of news. Some really big and wealthy companies deoffshoring. That should help big time. When Putin said they are working on a banking tax free zone in Russia, that was a smart idea, only if they can fix their laws. One issue I learned is that the tax code is complex and too many factors. They need to update/fix that. As well, they need to really change the courts and supreme court.
    avatar
    Viktor

    Posts : 5640
    Points : 6273
    Join date : 2009-08-25
    Age : 38
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Sat Dec 21, 2013 2:07 am

    thumbsup 

    Alexey Miller: "Gazprom" pioneered development of the Russian Arctic shelf

    Austin

    Posts : 6838
    Points : 7227
    Join date : 2010-05-08
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sat Dec 21, 2013 3:43 am

    sepheronx wrote:From my understanding, Gazprom has lousy managers. I am thinking that it is due to poor communication. Hope that deal goes through or get another company involved (like rosneft again). Heck, Gazprom has more assets and foreign work than Rosneft, yet Rosneft has mich stronger finances.

    Thats one factor , another is Gas has many competition compared to Oil specially the Shale Phenomena and hype around it lowered the price of spot prices.

    Making export of piped gas more difficult hence they are moving to LNG export to Asia.

    Russia has more gas then any one , so west is trying to squeeze any benefit from export of gas from Russia
    avatar
    gaurav

    Posts : 377
    Points : 371
    Join date : 2013-02-19
    Age : 38
    Location : Blr

    Re: Russian Oil and Gas Industry: News

    Post  gaurav on Sat Dec 21, 2013 5:13 am


    Thats one factor , another is Gas has many competition compared to Oil specially the Shale Phenomena and hype
    Thats true.

    But Russia is earning enough from oil and gas at present.
    It better focus on population (both skilled and unskilled) else all wealth will go into feeding old population.

    Austin

    Posts : 6838
    Points : 7227
    Join date : 2010-05-08
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sat Dec 21, 2013 10:16 am

    http://www.rg.ru/2013/12/20/rosneft-site.html

    Putin praised reserves "Rosneft"


    The President discussed with the head of "Rosneft" Igor Sechin year results and future projects. After it became known that Vladimir Putin signed a law on ratification of the Russian-Chinese intergovernmental agreement on expanding cooperation in the field of crude oil trade. Sechin called it a historic event in the economy.

    "This year was a record for us - agreed the head of" Rosneft ". - In general, successfully completed the integration of new assets, the company has taken measures to implement international best practice management. We signed with all the top managers of the anti-corruption instruments. Implemented standards avoidance of conflict of interest ... This year we will extract oil equivalent of 240 million tons, including 207 million oil and gas. organic growth while - 9 million tons ", - said the head of the company.

    "That figure, which gives us the right to say that it is the largest public company, it is for the extraction of crude oil, or a combination of both types?" - Said the president.

    "Oil production - said Sechin. - In the production of oil reserves and we really are a public company is number one in the world."

    "How are the stocks now" Rosneft "?" - Asked Putin.

    "As a result of exploration reimburse about 108 percent for the year - said the head of the company. - We produce 207 million tons, about 222 million as a result of exploration, we increment reserves. So we have a refund exceeds the prey."

    "It's okay", - the president nodded.

    "And last year the company's capitalization has grown, if you take the same date last year, about 20 percent," - said Sechin.

    "Stocks do not remember what? - Said the head of state. - Laughing 

    If an exact figure can not remember now - better not say. And now begin research on the subject." Sechin over the material. "Inventories in billions of barrels - 29.6. On the second place - Exxon Mobil, 25,2", - the president read.

    Head of "Rosneft" also listed international projects - 35 of them in, and spoke about the work with partners. "We just recently signed a supplementary agreement with Exxon on a pilot project to hard-to-deposits. This is the Russian Federation. Similar documents similar projects we promote a company Statoil. It is about improving the recovery factor in the Stavropol region. Virtually all work" - said the head of the company.

    "We made big steps now, in collaboration with the People's Republic of China" - recalled the importance of the project, Vladimir Putin. Expressing gratitude for the support of the negotiations, Sechin reported that the Duma ratified an intergovernmental agreement to increase the supply of oil to China. "This is a historic event in the world economy, because the total amount of the contract provides for delivery until 2038 and the contract in terms of value reaches $ 270 billion. The aggregate effect of the budget will be about 12 trillion rubles for the whole period of delivery" - said he details. "Unique contract - allows Russia to hold a special position in the Asia-Pacific markets," - told journalists after the meeting Sechin. China it will provide energy security and Russia guarantees marketing materials - exports - 31 million tons of oil per year.

    "And you decided to transport problems? Agreed with" Transneft ", the other members?" - Said the head of state. "Today we have just signed a new agreement with" Transneft "for the supply of services in the next year, both in oil and oil products. All these issues have been resolved we" - Sechin reported.

    "And something else lronburg ship?" - Asked the President. "By rail we supply very much. Those solutions to curb tariffs, which are accepted by the government, of course, directly affect the efficiency. We are asked to support this line of work", - concluded the head of "Rosneft".

    Austin

    Posts : 6838
    Points : 7227
    Join date : 2010-05-08
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sat Dec 21, 2013 10:19 am

    Russia will increase the supply of crude oil to China for 25 years
    http://www.rg.ru/2013/12/20/kitay-site-anons.html

    In a joint project for the construction of Tianjin Petrochemical Refinery will develop direction. Tianjin refinery is able to process 13 million tons of oil per year, of which about 9 million tons of Russian crude will be. Oil tankers will be delivered to the terminal port of Tianjin.

    By the way, supplies began in 2013. But in general, at the height will be up to 31 million tons.

    Meanwhile, the bar in the 50 million tons of crude oil exports to China also forces "Rosneft", said earlier its head, Igor Sechin. According to him, today the company has the necessary resources, and Russia - the necessary transport infrastructure, including ESPO and removal to China. On the challenge of ESPO, according to experts, "Rosneft" can additionally supply China 1-2 million tons of oil per year.

    Contract with the Chinese side will bring federal budget 12 trillion rubles for the whole delivery period. "Approximately 6.5 trillion rubles - taxes and fees from our company and 5.3 trillion rubles - budget revenues as a result of ordering the equipment, the supply of services for the development of fields, and for the transport involved in this work," - reported to the head of "Rosneft" Igor Sechin .
    avatar
    Viktor

    Posts : 5640
    Points : 6273
    Join date : 2009-08-25
    Age : 38
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Sat Dec 21, 2013 12:43 pm

    Those two deals - oil and gas for China are enormous. I hope more contracts with China will follow. 

    Japan is in the situation where it is abandoning its NPP and needs gas as a replacement and Russia is just in the right position. 

    Japans business delegation is in Russia now and they are talking about investment in Russia with huge accent on energy.


    Another BIG acquisition by Rosfnet

    "Rosneft" bought from Morgan Stanley business oil trade



    and new epizode of "On the money" from RT


    Austin

    Posts : 6838
    Points : 7227
    Join date : 2010-05-08
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Sun Dec 22, 2013 5:09 am


    Meeting with Rosneft CEO Igor Sechin

    http://eng.kremlin.ru/transcripts/6429
    avatar
    Viktor

    Posts : 5640
    Points : 6273
    Join date : 2009-08-25
    Age : 38
    Location : Croatia

    Russian Oil and Gas Industry: News

    Post  Viktor on Tue Dec 24, 2013 7:11 pm

    More money to Russian budget ... nice 

    Russia, Kazakhstan Sign Deal on Oil Transit to China


    Syria will sign with "Soyuzneftegaz" contract for offshore exploration


    Russia could become an exporter of fresh water, according to the Ministry of Economic Development
    avatar
    Viktor

    Posts : 5640
    Points : 6273
    Join date : 2009-08-25
    Age : 38
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Thu Jan 09, 2014 4:19 pm

    russia Nice news

    "Gazprom Neft" has received its first oil at Badra in Iraq

    Russia to be Ukraine’s Sole Gas Provider – Minister

    Rosstat confirmed the assessment of inflation in Russia 2013

    The volume of oil production in Russia in 2013 was a record year with 1990

    Austin

    Posts : 6838
    Points : 7227
    Join date : 2010-05-08
    Location : India

    Re: Russian Oil and Gas Industry: News

    Post  Austin on Thu Jan 09, 2014 5:45 pm

    Viktor wrote:
    The volume of oil production in Russia in 2013 was a record year with 1990

    http://voiceofrussia.com/news/2014_01_09/Russian-oil-production-rose-to-523-2-mln-tonnes-in-2013-Energy-Minister-3377/
    http://en.itar-tass.com/economy/714017

    So Russia sold 523.2 million Tons of Oil in 2013 , Average Price of Ural was $107.88 .

    So sales of total oil alone earned Russia $564.42  billion Dollar  Shocked 

    I dont know how much they got selling Gas and other minerals.

    Where did the money go ? Answer Vlad Answer  Mad 
    avatar
    Viktor

    Posts : 5640
    Points : 6273
    Join date : 2009-08-25
    Age : 38
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Thu Jan 09, 2014 6:23 pm

    Austin wrote:
    Viktor wrote:
    The volume of oil production in Russia in 2013 was a record year with 1990

    http://voiceofrussia.com/news/2014_01_09/Russian-oil-production-rose-to-523-2-mln-tonnes-in-2013-Energy-Minister-3377/
    http://en.itar-tass.com/economy/714017

    So Russia sold 523.2 million Tons of Oil in 2013 , Average Price of Ural was $107.88 .

    So sales of total oil alone earned Russia $564.42  billion Dollar  Shocked 

    I dont know how much they got selling Gas and other minerals.

    Where did the money go ? Answer Vlad Answer  Mad 

    I think you are wrong Austin. For instance:

    1 Barel = 159 liter

    1 Barel = 107 $ (average price)

    523.2 million tons = 523 200 000 000 liter = Russian production = 523 200 000 000 / 159 = 3 290 566 037 barels

    3 290 566 037 barels x 107 $ = 352 090 566 037 $ = 352 bin $

    Roughly half of that money (172 bin $ from oil) goes to Russian budget which together with gas part makes 50% of Russian budget.

    Of course Russian budget is about 410 bin $ and it has been reported by the end of 2013 that oil and gas part will during 2013 make more than half of Russian

    budget. Of Course budget is set according to estimated oil and gas price for that year and all above is collected to one Russian national fond.



    avatar
    zg18

    Posts : 885
    Points : 957
    Join date : 2013-09-26
    Location : Zagreb , Croatia

    Re: Russian Oil and Gas Industry: News

    Post  zg18 on Thu Jan 09, 2014 10:35 pm

    Viktor wrote:Roughly half of that money (172 bin $ from oil)  goes to Russian budget which together with gas part makes 50% of Russian budget.

    Federal budget to be precise , consolidated budget depends cca. 25% on taxing energy exports.
    avatar
    Viktor

    Posts : 5640
    Points : 6273
    Join date : 2009-08-25
    Age : 38
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Fri Jan 10, 2014 12:47 am

    zg18 wrote:Federal budget to be precise , consolidated budget depends cca. 25% on taxing energy exports.

    Im not following, can you explaine what do you mean?


    Production of gas is up 2% also  Very Happy 

    Russia’s gas production in 2013 up by 2% on 2012
    avatar
    zg18

    Posts : 885
    Points : 957
    Join date : 2013-09-26
    Location : Zagreb , Croatia

    Re: Russian Oil and Gas Industry: News

    Post  zg18 on Fri Jan 10, 2014 1:35 am

    Viktor wrote:Im not following, can you explaine what do you mean?

    The consolidated budget of RF , that is the combined federal and regional budgets + municipal budgets and state social funds.
    avatar
    sepheronx

    Posts : 7110
    Points : 7382
    Join date : 2009-08-06
    Age : 29
    Location : Canada

    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Fri Jan 10, 2014 7:27 am

    Viktor wrote:
    zg18 wrote:Federal budget to be precise , consolidated budget depends cca. 25% on taxing energy exports.

    Im not following, can you explaine what do you mean?


    Production of gas is up 2% also  Very Happy 

    Russia’s gas production in 2013 up by 2% on 2012

    ZG is correct.  Federal spending in excess takes a huge bonus from oil and gas sales, but the national, consolidated budget, only a quarter of it is from oil and gas.  Still a lot though, which is not good.  But then again, not much can be done about it when oil and gas is easier to pump and easy as heck to sell for a high price.

    I like Austin's post though.  It is showing that programming and IT related field is continuously growing in Russia and that Russia really is one of the big 3 hotspots for IT development, next to India and China.

    In the future, the biggest contributor to Russia's economic development will be its IT field, Agriculture (so much investment in that, it isnt even funny) and manufacturing of heavy industrial grade equipment. Will make them a pretty penny. They just need to really concentrate on Russian products rather than heavy manufacturing of foreign grade ones.

    Banking is really the major field that gives these high numbers in GDP. How much of it is honest? don't know.
    avatar
    Viktor

    Posts : 5640
    Points : 6273
    Join date : 2009-08-25
    Age : 38
    Location : Croatia

    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Fri Jan 10, 2014 1:34 pm

    Nice. Russia would buy 500 000 barels of oil per day from Iran which would would increase Iranian oil output by 50% and in exchange Russia would provide

    unspecified goods. Sounds like a perfect deal!

    Exclusive: Iran, Russia negotiating big oil-for-goods deal
    avatar
    sepheronx

    Posts : 7110
    Points : 7382
    Join date : 2009-08-06
    Age : 29
    Location : Canada

    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Fri Jan 10, 2014 2:26 pm

    Good.

    Russia really needs to get their other brand of goods (besides resources) on the market. Real potential is its energy industrial goods (Rosatom and Power Machines), high tech, CNC and automotove. Hopefully it is those goods that will have big returns for Russia in long run after decades as that equipment will need to be replaced and people already trained on Russian gear will be inclined to buy Russian goods again (As example is defence industry with accordance to many former USSR allies).

    As well, maybe this will reduce cost of fuel in Russia for average driver.

    Sponsored content

    Re: Russian Oil and Gas Industry: News

    Post  Sponsored content


      Current date/time is Sat Nov 17, 2018 10:50 am