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    Russian Oil and Gas Industry: News

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    George1

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    Re: Russian Oil and Gas Industry: News

    Post  George1 on Fri Jan 22, 2016 10:31 am

    Russian Energy Giant LUKoil to Expand Presence in Nigeria's Oil Market

    Read more: http://sputniknews.com/business/20160121/1033499744/lukoil-nigerian-oil-market.html#ixzz3xxpj73jX


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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Sat Jan 30, 2016 7:57 am

    A relatively old image (28 November 2015).

    Russia does not appear in the list. Cool

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    max steel

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    Re: Russian Oil and Gas Industry: News

    Post  max steel on Sat Jan 30, 2016 2:51 pm

    higurashihougi wrote:A relatively old image (28 November 2015).

    Russia does not appear in the list. Cool


    Seems fake India is net importer of Oil and in no way they can export oil in next 2 years. If thats the case where is China? Their oil production is more compared to India though they are also net importer. Rest Russia's economy is still dependent on oil.
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    Vladimir79

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    Re: Russian Oil and Gas Industry: News

    Post  Vladimir79 on Sat Jan 30, 2016 3:48 pm

    higurashihougi wrote:A relatively old image (28 November 2015).

    Russia does not appear in the list. Cool


    Neither does Venezuela. Oil isn't a dominating sector but it is where most of the state revenue comes from. Without it we would not enjoy low taxes.


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    Project Canada

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    Re: Russian Oil and Gas Industry: News

    Post  Project Canada on Sat Jan 30, 2016 11:06 pm

    Oil export is 60%+ of Brunei's gdp but 1 US$ = 1.42 Bruneian$ wtf???
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    kvs

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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Sat Jan 30, 2016 11:18 pm

    Project Canada wrote:Oil export is 60%+ of Brunei's gdp but 1 US$ = 1.42 Bruneian$ wtf???

    It most likely does not have a fully floating currency like the ruble. Also, the ruble has been "debased" by
    massive foreign debt paydowns in the last two years. Russian companies are selling rubles like crazy to buy
    dollars and euros. Once this frenzy of debt retirement eases off the downward pressure on the ruble will
    be greatly reduced.
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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Wed Feb 10, 2016 5:19 am

    Own catalysts "Rosneft" replace imported analogues at refineries

    My link:
    Rusnews variant
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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Thu Feb 11, 2016 11:45 am

    https://www.rt.com/business/332119-rosneft-sechin-privatization-oil-russia/

    Rosneft should be privatized at $100 per barrel – CEO

    With oil prices plunging, it’s not the right time for the Russian government to sell part of its stake in Rosneft, according to CEO Igor Sechin. The sale of 19.5 percent of the state’s 69.5 percent in the oil major has been on the Kremlin's agenda for a number of years.

    Crude prices have plummeted from $115 per barrel in mid-2014 to January’s 12-year lows of $27 per barrel. In recent days oil has been trading at $30-$31 per barrel.

    While Rosneft's stock price in rubles has increased slightly from 250 to 260 rubles during this period, the collapse in the Russian currency has had a negative effect on the value of the company. In dollar terms Rosneft stock fell from $7.55 per share in 2014 to $3.29 per share as of Thursday's trading on the London Exchange.

    However, Sechin said he understands the importance of solving Russia's budget issues, and the company is ready for any decision from the government.

    BP CEO Robert Dudley has agreed with Sechin and said it’s too early to privatize Rosneft. The British energy major holds a 19.75 percent stake in the Russian company.

    Rosneft has been included in a list of state-owned assets to be privatized in 2016. Finance Minister Anton Siluanov said in January that the oil company is the number one candidate for privatization.

    According to Siluanov, 19.5 percent of Rosneft shares should be sold for 500-550 billion rubles, but not cheaper than 500 billion rubles (about $6.25 billion at the current exchange rate). As of Tuesday, the share is worth 546 billion rubles. Thus, after the transaction, the state will control 50 percent plus 1 share.

    Previously, Rosneftegaz, a company through which the state owns 69.5 percent of Rosneft, said the privatization should take place with the stock price no lower than $8.12 per share, the cost of the TNK-BP deal between Rosneft and BP.

    With collapsing oil prices, Russia is looking to privatize state companies to cut the budget deficit. Last week, President Vladimir Putin said all the privatization deals should be fully transparent with assets sold at realistic, not discount prices. He also said the state should retain control over strategic enterprises to prevent privatized assets leaving Russian jurisdiction.
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    George1

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    Re: Russian Oil and Gas Industry: News

    Post  George1 on Thu Feb 11, 2016 1:32 pm

    Level of Russia's Oil Output in 2016 Stands at 10.74Mln Barrels Daily

    Read more: http://sputniknews.com/business/20160210/1034526074/oil-forecast-russia-opec.html#ixzz3zrVll3vW


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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Thu Feb 25, 2016 1:34 pm

    South Stream revives.

    https://www.rt.com/business/333574-gazprom-russia-gas-black-sea/

    Russian gas monopoly Gazprom has announced a new project to build a pipeline under the Black Sea. It will deliver Russian natural gas to Greece by transit through an unnamed third country and continue to Italy.

    @George: I dunno. How's the bussiness affair of Rosneft ? Is it still healthy, effective and not corrputed yet ?

    If a state-owned enterprise begins to corrupt or uneffective, privatization is one of the solutions.

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    zepia

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    Re: Russian Oil and Gas Industry: News

    Post  zepia on Thu Feb 25, 2016 4:43 pm

    higurashihougi wrote:South Stream revives.

    https://www.rt.com/business/333574-gazprom-russia-gas-black-sea/

    Russian gas monopoly Gazprom has announced a new project to build a pipeline under the Black Sea. It will deliver Russian natural gas to Greece by transit through an unnamed third country and continue to Italy.


    Turkey is very unlikely. IMO only possible third country is Bulgaria.
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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Mon Feb 29, 2016 3:09 pm

    Yeah, sanction Rolling Eyes Rolling Eyes

    https://www.rt.com/business/333954-russia-gas-europe-export/

    Exports of natural gas to Western Europe have increased 37.5 percent in January, the head of Gazprom told President Vladimir Putin.
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    George1

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    Re: Russian Oil and Gas Industry: News

    Post  George1 on Wed Mar 02, 2016 12:48 am

    Russia's Gazprom Neft plans to increase oil production by 33% by 2025

    More:
    http://tass.ru/en/economy/860037


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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Thu Mar 10, 2016 9:39 am

    love love

    https://www.rt.com/business/335088-rosneft-vietnam-drilling-exploration/

    Russian energy major Rosneft has begun drilling an offshore exploration well in Vietnam, according to the company.

    The expected recoverable reserves of natural gas are estimated at 12.6 billion cubic meters (bcm) with 0.6 million tons of gas condensate, says Rosneft.

    The well is located in the Nam Con Son basin, and will drill to a depth at around 1380 meters in an area of sea 162 meters deep.

    par far

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    Re: Russian Oil and Gas Industry: News

    Post  par far on Fri Mar 11, 2016 3:29 pm

    Can't believe no one talking about this.

    "Russia may be running out of oil".



    https://www.rt.com/business/334970-russia-oil-reserves-depletion-2035/


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    Werewolf

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    Re: Russian Oil and Gas Industry: News

    Post  Werewolf on Fri Mar 11, 2016 7:05 pm

    par far wrote:Can't believe no one talking about this.

    "Russia may be running out of oil".



    https://www.rt.com/business/334970-russia-oil-reserves-depletion-2035/



    They keep telling stuff like that for the past 60 years and we are at the PEAK of oil production.
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    AlfaT8

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    Re: Russian Oil and Gas Industry: News

    Post  AlfaT8 on Fri Mar 11, 2016 8:12 pm

    Werewolf wrote:
    par far wrote:Can't believe no one talking about this.

    "Russia may be running out of oil".



    https://www.rt.com/business/334970-russia-oil-reserves-depletion-2035/



    They keep telling stuff like that for the past 60 years and we are at the PEAK of oil production.

    Agreed, these prediction always have some lose ends, and how is this even possible with Russia not yet fully exploiting there Arctic regions?
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    Werewolf

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    Re: Russian Oil and Gas Industry: News

    Post  Werewolf on Fri Mar 11, 2016 10:16 pm

    AlfaT8 wrote:
    Werewolf wrote:
    par far wrote:Can't believe no one talking about this.

    "Russia may be running out of oil".



    https://www.rt.com/business/334970-russia-oil-reserves-depletion-2035/



    They keep telling stuff like that for the past 60 years and we are at the PEAK of oil production.

    Agreed, these prediction always have some lose ends, and how is this even possible with Russia not yet fully exploiting there Arctic regions?

    Not to mention how many unexplored fields there must be in entire Russia, it is the largest country bigger than a few continents and still so many places undiscovered and unchecked for resources and this is kept that way due to the communist doctrine to keep russians away from russian resources which belong to an elite...according to the elite which controls still to many aspects in russia and with high fideltiy the resources cooperated with CBR scum.
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    JohninMK

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    Re: Russian Oil and Gas Industry: News

    Post  JohninMK on Fri Mar 11, 2016 11:08 pm

    Sounds like Moscow has an EU workaround, its not a Russian pipe at all, its Swiss.

    MOSCOW (Sputnik) — "Nord Stream 2 AG [operating company] has finalized its international tender for the supply of high-quality steel pipes for two pipelines…Deciding the tender now is a prerequisite for keeping the pipeline construction timeline with construction of both pipelines starting in 2018. Pipe deliveries are planned to start in September 2016," the operator's press release read.

    In September, Russian energy giant Gazprom and its European partner companies signed a shareholders agreement on the Nord Stream 2 gas pipeline. The signatories were Gazprom, E.On, Shell, OMV, BASF and Engie. The Swiss-based Nord Stream 2 AG company was created to operate the gas pipeline and its construction. Its chairman is former German Chancellor Gerhard Schroder.

    Under conditions of the Nord Stream 2 AG tender, high-quality steel pipes for the project will be supplied by the German Europipe GmbH and the Russian United Metallurgical Company JSC (OMK) and Chelyabinsk Pipe-Rolling Plant JSC (Chelpipe) companies. These will provide 40, 33 and 27 percent of the pipes respectively, according to the press release.

    Final negotiations and the contract signing are due to take place in the coming weeks, the statement added.

    Nord Stream 2 could provide up to 55 billion cubic meters of direct gas supplies from Russian shores through the Baltic Sea, bypassing Baltic states and Poland, to the German coast. The project has met opposition from some EU member states, such as Poland and the Czech Republic, over fears of increased energy dependence on Russia. Germany has consistently supported the project.


    Read more: http://sputniknews.com/world/20160311/1036158183/nord-stream-signed.html#ixzz42dPBxeKN
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    kvs

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    Re: Russian Oil and Gas Industry: News

    Post  kvs on Fri Mar 11, 2016 11:42 pm

    par far wrote:Can't believe no one talking about this.

    "Russia may be running out of oil".



    https://www.rt.com/business/334970-russia-oil-reserves-depletion-2035/



    Nothing surprising here. Oil fields don't last forever and it is a fact that globally the discovery of new oil fields of any significance has basically
    collapsed. The current conventional oil field discovery rate is only 1/8 (i.e. 12.5%) of that needed to maintain existing reserves. It has been
    non-conventional oil production in the USA and biofuels globally that has kept the illusion of that oil supply is unconstrained. The current oil
    "glut" can disappear in a very short period of time if enough US fracking operations shut down. In addition, Saudi Arabia is a "dead man walking"
    and its crown jewel Ghawar (the largest oil field on the planet and another such as it will never be discovered) will undergo the same collapse
    that the Yibal field experienced in Oman. When the water to oil ratio hits around 45:55 there will be an inversion of the emulsion regime in the
    rock matrix. Right now oil flows through the rock matrix with microscopic water droplet inclusions, it will phase change to a regular emulsion where
    it will be the water that flows and the oil droplets will remain trapped in the rock. Ghawar is a very old field and is very close to this transition.
    So we can see the disappearance of 10 million barrels per day of production over the span of a few years from production failure in many locations.
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    higurashihougi

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    Re: Russian Oil and Gas Industry: News

    Post  higurashihougi on Sun Mar 13, 2016 12:26 pm

    Werewolf wrote:
    par far wrote:Can't believe no one talking about this.

    "Russia may be running out of oil".



    https://www.rt.com/business/334970-russia-oil-reserves-depletion-2035/



    They keep telling stuff like that for the past 60 years and we are at the PEAK of oil production.

    A trick to increase oil price ? After all, Obama shale oil is dead already and there is no reason to keep the price low.
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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Wed Mar 23, 2016 10:28 pm

    Energy: cost of oil production in Russia is $ 2 per barrel РИА Новости http://ria.ru/economy/20160322/1394898552.html#ixzz43lQF8MA4

    If this is the case, then the energy companies in Russia are still making a boatload of money.
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    George1

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    Re: Russian Oil and Gas Industry: News

    Post  George1 on Fri Apr 15, 2016 5:37 pm

    Rosneft and Bashneft are ready for privatization — source

    More:
    http://tass.ru/en/economy/869846


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    sepheronx

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    Re: Russian Oil and Gas Industry: News

    Post  sepheronx on Fri Apr 22, 2016 10:17 pm

    Kuwait Plans to Buy Up to 1,5Mln Tonnes of Russian LNG Annually Read more: http://sputniknews.com/business/20160422/1038469022/kuwait-lng-russia-deal.html#ixzz46aYBgsAw
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    max steel

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    Re: Russian Oil and Gas Industry: News

    Post  max steel on Tue Apr 26, 2016 11:22 pm

    Lukoil to drill for oil in Baltic Sea

    They found oil in the Baltic Sea. Just too bad for the haters, that too belongs to Russia. In which currency will they be selling this oil & their natural resources?

    If any nation sells their products or services in another entity's currency, then that entity controls that resource & nation, by default.

    In which currencies does Russia sell its natural resources? Why? Who, therefore, are the owners of its monetary policies and its rulers?

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