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    Russian Oil and Gas Industry: News

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    Rpg type 7v
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    Re: Russian Oil and Gas Industry: News

    Post  Rpg type 7v on Wed Oct 16, 2013 5:49 pm

    still these are harder and more expensive reserves to get at. and the domestic consumption is slowly growing reducing available exports.for wxample- norway has allot of oil and income but is still pushing hydro over 90% and electric cars and is constructing many charging stations.

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    Re: Russian Oil and Gas Industry: News

    Post  macedonian on Wed Oct 16, 2013 6:48 pm

    Austin wrote:From previous news Russian conventional Oil reserves are at 28 Billion Tons ( C1 category (proven reserves) totals 17.8 billion tons; category C2 (preliminary estimated reserves) is 10.2 billion tons ) http://rt.com/business/russia-oil-gas-reserves-putin-015/

    Bazhenov Formation upper limit is 22 billion Tons

    So Conventional Oil 28 Billion Tons + Shale Oil 22 Billion Tons =  50 Billion Tons = 357 Billion Barrel of Oil Equivalent ( bboe )

    This is excluding the Artic which holds quite decent Oil Reserves and far far more Gas Reserves on Russian Side of Arctic


    Russian have huge Oil Reserves .....No wonder Rosneft Chief said they plan to extract oil for next 100 years


    This reserves should drawf any ME Country in Reserves
    From what I've read, very true...and..good to hear russia



    Rpg type 7v wrote:still these are harder and more expensive reserves to get at. and the domestic consumption is slowly growing reducing available exports.for wxample- norway has allot of oil and income but is still pushing hydro over 90% and electric cars and is constructing many charging stations.
    Also true...and...my very first vote for ya man...and it's a +
    Didn't expect that really.
    But, anyway - Cheers to you being right for once! (sorry, no beer drinking emoticon available, please use ones provided)

    Viktor
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    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Tue Nov 12, 2013 3:12 pm

    Russian pipes are spreading across the world ... great project

    Putin on the gas pipeline to South Korea: available at profitability

    Rpg type 7v
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    Re: Russian Oil and Gas Industry: News

    Post  Rpg type 7v on Tue Nov 12, 2013 7:52 pm

    Viktor wrote:Russian pipes are spreading across the world ... great project

    Putin on the gas pipeline to South Korea: available at profitability
    why under the sea why not over land connect north and south koreas , japan can also be connected , and avoid useless waisting of natural gas on refrigeration in lng tankers.
    seprenox the state is a BAD investor, unless some major government infrastructure project is at stake ,reading how russians blew billlions of dollars while their people are still in powerty and alcohol is rampant is a shame No 

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    Russian Oil and Gas Industry: News

    Post  sepheronx on Tue Nov 12, 2013 10:07 pm

    Rpg type 7v wrote:
    Viktor wrote:Russian pipes are spreading across the world ... great project

    Putin on the gas pipeline to South Korea: available at profitability
    why under the sea why not over land connect north and south koreas , japan can also be connected , and avoid useless waisting of natural gas on refrigeration in lng tankers.
    seprenox the state is a BAD investor, unless some major government infrastructure project is at stake ,reading how russians blew billlions of dollars while their people are still in powerty and alcohol is rampant is a shame No 
    I will admit you are right regarding poorly efficient state is when dealing with start ups. Many times they are inefficent compared to private simply because private has more to lose than state as state will recall losses and continue on through tax money, while private could die. Problem with domestic private industries is that many of them sell out quickly and take their money and run. So it is damned if you do and damned if you dont. Rusnano is becoming less of a state run as they are continuously pulling finance away to direct it elsewhere, while Rusnano is relying their finances on their investments (last I heard a year ago, is that they were able to sustain themselves a couple of years ago). Some of their bigger assets have done quite well like LED manufacturers and composite material equipment as well. Some, did not. But the best thing is, they decided to cut their losses and instead of running, they are converting the plant. In doing so RPG, they can fight poverty that you are worried about, because a job will bring in income for individuals. Jobs means income. No jobs, expect more poor like in Greece as example.

    There is still push in privatizing some state run companies to bring in extra revenue as well as looking for more investments (seems auto manufacturing and hotels seem to be biggest in terms of foreign investors in Russia).

    Alcoholism has dropped quite a bit. But always room for improvement. But at least not to the point that distilleries go bankrupt.

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    Re: Russian Oil and Gas Industry: News

    Post  Austin on Tue Nov 19, 2013 6:18 pm

    Russian reserves of unconventional gas total 83.7 trillion cubic m
    http://indrus.in/news/2013/11/19/russian_reserves_of_unconventional_gas_total_837_trillion_cubic_m_30977.html

    Russian reserves of unconventional gas, including shale gas, total 83.7 trillion cubic metres, Russian Ministry of Natural Resources’ official Aleksey Oryol, told the forum Gas of Russia.

    Explored reserves of natural gas in Russia were 67.7 trillion cubic metres, Oryol, who is in charge of the ministry's department for the regulation of exploration and use of subsoil resources, added.

    Itar-Tass earlier reported Russian Minister of Energy Alexander Novak saw no need to produce shale gas in Russia. Shale production was expensive and less environment-friendly than that of natural gas, he said. Shale gas is more relevant for countries that do not have their own natural gas resources. For environmental reasons, Europe is still cautious about the idea.

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    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Fri Nov 22, 2013 5:18 pm

    Very interesting article about Russia energy plan Very Happy 

    European refiners, on the ropes, face knockout blow from Russia

    * Russia to invest $55 billion in refinery upgrades
    * Low-sulphur diesel surplus to flood European market
    * Russia to cut heavy fuel oil shipments

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    Re: Russian Oil and Gas Industry: News

    Post  Rpg type 7v on Fri Nov 22, 2013 9:16 pm

    thats good , secondary and tertiary products are more profitable and a sign of development.

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    Re: Russian Oil and Gas Industry: News

    Post  Viktor on Mon Nov 25, 2013 10:34 pm

    Nice.

    Iran, Russia’s Gazprom start gas negotiations

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    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

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    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

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    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?

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    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.

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    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.

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    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.

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    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

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    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.

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    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

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    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

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    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.

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    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".

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    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 .

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    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


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    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

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    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

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