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    Russian Oil and Gas Industry: News #2

    Viktor
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    Post  Viktor on Thu Mar 19, 2020 7:52 pm

    owais.usmani wrote:https://oilprice.com/Energy/Energy-General/Russia-Needs-Higher-Prices-But-Wont-Give-An-Inch.html

    Russia Needs Higher Oil Prices, But Won't Surrender


    Thats what Tom Kool only thinks. It seems to me that Russia has oil price exactly where it wants them and will have for the duration it needs them so

    while it is true that Russia would earn more if the prices where higher at the moment more money is less important than taking the prize at the end of an idea !
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    Post  Hole on Thu Mar 19, 2020 9:28 pm

    The Trump regime is now peddling the idea to buy 77 Mio. barrels of oil from murican companies (shale oil). Who needs higher prizes? Very Happy
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    Post  magnumcromagnon on Thu Mar 19, 2020 10:14 pm

    Viktor wrote:
    owais.usmani wrote:https://oilprice.com/Energy/Energy-General/Russia-Needs-Higher-Prices-But-Wont-Give-An-Inch.html

    Russia Needs Higher Oil Prices, But Won't Surrender







    Thats what Tom Kool only thinks. It seems to me that Russia has oil price exactly where it wants them and will have for the duration it needs them so

    while it is true that Russia would earn more if the prices where higher at the moment more money is less important than taking the prize at the end of an idea !

    Talk about a contradictory title, you can't surrender on something you desperately need lol! The Federation is a industrial power of the highest order, which means lower fuel costs will fuel the industrial economy, and the Ruble slipped in value as well, which will also aid the industrial base. Lower cost fuel means that it'll be cheaper to run the major civil engineering projects coming down the pipeline this decade. Cheaper oil is also advantageous because Russia is or will be barter trading with the 2 other major sanctioned fuel powers (Iran and Venezuela) which means they can trade domestic made goods for more barrels of fuel (than usually), then flip/sell fuel later when the prices eventually return to normal and make a serious profit. Buy as much Iranian and Venezuelan oil when it's cheap, then sell it when the prices normalize. Also people are quick to forget that Gazprom had record profits back during the price war in 2014/15.
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    Post  Hole on Fri Mar 20, 2020 10:39 am

    Pepe Escobar thinks it was also done (scrapping of the agreement with OPEC) to help the chinese economy get over Convid-19.
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    Post  Big_Gazza on Sat Mar 21, 2020 2:09 am

    Pepe is usually right, and I don't doubt this is likely to be a factor. Bottom line however is that this is about geopolitical defense rather than economics. Make the feckless Muricanz hurt and keep them hurting, even if Russia must bear a short-term opportunity cost (lost oil revenue and a reduction in cash reserves). Send these evil cunts a lesson in how bad behaviour always brings a cost...
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    Post  PapaDragon on Sat Mar 21, 2020 4:22 am


    Russia knows that they could make some money now by working with Saudis

    But they also know that they can make ALL the money later if they torch the Saudis now and now is the perfect time to do it

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    Post  Austin on Sat Mar 21, 2020 7:42 am

    Sechin sees no problems for Rosneft due to falling oil prices

    https://rns.online/energy/Sechin-ne-vidit-problem-dlya-Rosnefti-iz-za-padeniya-tsen-na-neft-2020-03-20/

    The current situation on the oil market is not a big problem for the Russian oil industry and, in particular, for Rosneft, said the head of Rosneft Igor Sechin.

    “For the Russian oil industry, it seems to me that there are no big problems in general. We have one of the best resource bases in the world as a whole, for all companies. Rosneft, even in conditions of, say, abandonment of new exploration projects, can produce about 22 years without reducing production, ”Sechin said on the Russia 24 television channel.

    According to him, Rosneft’s operating costs are comparable to those of Saudi Aramco.

    “Operating costs are comparable to those of Saudi Aramco. We have $ 3.1 per barrel of oil produced. They have about $ 2.5-2.8 there, ”the head of Rosneft emphasized.

    “Therefore, here too we can work calmly, efficiently, while we do not dump, unlike them. Therefore, our effectiveness may even be higher, ”he concluded.


    On March 6, 2020, Vienna hosted a meeting of OPEC ministers and non-cartel states participating in the agreement to reduce oil production (OPEC + deal). OPEC + countries did not agree to extend the agreement after March 2020. Russian Energy Minister Alexander Novak explained that no OPEC + country will have obligations to reduce oil production from April 1, 2020. At the same time, Novak noted that Russian oil production from April 1 will depend on the plans of Russian oil companies.

    On March 18, for the first time in 17 years, the price of Brent crude oil fell below $ 25 per barrel, and WTI crude oil dropped below $ 21 per barrel.
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    Post  Austin on Sat Mar 21, 2020 7:45 am

    Sechin: sanctions against Rosneft hit US company partners

    https://rns.online/energy/Sechin-sanktsii-protiv-Rosnefti-udarili-po-partneram-kompanii-iz-SSHa--2020-03-20/

    US sanctions against Rosneft have done more damage to its American partners than the company itself, said the head of Rosneft Igor Sechin.

    “The sanctions have two sides: we are, and there are those of our partners who, as a result of the sanctions, have lost enormous resources. I will not name specific companies now, but there are American companies that have lost as a result of exit from a number of projects a resource base comparable to their own. They were forced to go out and lose the resource base. The impact on them seems to me more sensitive than the impact on us, ”Sechin said on the Russia 24 television channel.

    He stressed that the same applies to a number of contractors, manufacturers of drilling equipment, suppliers of gas turbines. In addition, he said, sanctions hit American banks.

    “Sanctions have impacted more on our partners than on us. Before the sanctions, almost half of the financial security was provided by US banks. Up to $ 35 billion credit lines amounted to. Now zero. They earned there up to $ 4 billion annually only on interest rates. Now zero. So, here you are, the results of these sanctions, ”said Sechin.

    He added that the company does not see serious problems regarding import substitution.

    “We have practically created production facilities by ourselves on a number of positions - on catalysts, on some other positions, which quite allow us to work independently without any additional restrictions. Other partners are being replaced by other partners ... Currently, there are no sensitive positions that could affect us, ”the head of Rosneft said.
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    Post  Austin on Sat Mar 21, 2020 7:48 am

    The head of Rosneft called the expected price of oil by the end of the year

    https://rns.online/energy/Glava-Rosnefti-nazval-ozhidaemuyu-tsenu-na-neft-k-kontsu-goda--2020-03-20/

    The price of oil may recover to $ 50-60 per barrel by the end of 2020, said the head of Rosneft Igor Sechin.

    “I suppose that by the end of the year, that means the price could recover, somewhere from $ 50 to $ 60 (per barrel),” Sechin said on the Russia 24 television channel.

    He explained that, first of all, a factor in the growth of oil prices will be a decrease in the growth rate of shale oil production in the United States.

    “Shale mining is beginning to retire. A number of companies associated with shale mining are already shutting down. And this, of course, will also lead to some new balancing ... Will investors continue to trust the growth of shale production - I think not, ”he said.


    On March 6, 2020, Vienna hosted a meeting of OPEC ministers and non-cartel states participating in the agreement to reduce oil production (OPEC + deal). OPEC + countries did not agree to extend the agreement after March 2020. Russian Energy Minister Alexander Novak explained that no OPEC + country will have obligations to reduce oil production from April 1, 2020. At the same time, Novak noted that Russian oil production from April 1 will depend on the plans of Russian oil companies.

    On March 18, for the first time in 17 years, the price of Brent crude oil fell below $ 25 per barrel, and WTI crude oil dropped below $ 21 per barrel.
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    Post  Austin on Sat Mar 21, 2020 7:49 am

    Sechin called the causes of the crisis in the oil market

    https://rns.online/energy/Sechin-nazval-prichini-krizisa-na-rinke-nefti--2020-03-20/
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    Post  kvs on Sat Mar 21, 2020 1:57 pm



    The yanquis are indeed hurting. They are planning to put sanctions on Russia's oil industry to restore prices.

    What a collection f*cktards. One note Johnny losers who think that repeating the same failed action over and
    over again will eventually bring success. Keep on shoving that old shoe up your asses, eventually you will climax.

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    Post  Viktor on Sat Mar 21, 2020 6:09 pm

    kvs wrote:

    The yanquis are indeed hurting.   They are planning to put sanctions on Russia's oil industry to restore prices.

    What a collection f*cktards.   One note Johnny losers who think that repeating the same failed action over and
    over again will eventually bring success.   Keep on shoving that old shoe up your asses, eventually you will climax.


    Funny thing is that capitalism right now is working against them. What US needs is to put countries into submission and take their obedience in order to sell oil at higher than

    market prices. Only than could such an alliance work for themselves. In either way US seems a bit too much concerned nation for the state of raw material export given how

    highly develop they think they are lol!
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    Post  miketheterrible on Sat Mar 21, 2020 8:20 pm

    They already sanctioned Russia's oil and oil industries. They are just signing same bill over and over again
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    Post  Viktor on Sat Mar 21, 2020 9:04 pm

    miketheterrible wrote:They already sanctioned Russia's oil and oil industries. They are just signing same bill over and over again

    US did that and the thing left is intimidate buyer countries by placing such sanctions on Russia. Basically it is a blackmail where the offensive state draws a line behind the idea.

    They are bad and we are good so in order for good to live on and bad to die eventually buying more expensive is only option left but since you are doing it for good it should

    not border your and you will find somehow to explain to your people why that needs to be it is not our problem after all Smile

    Im not sure if the US still holds the strength enough to pull something like this because situation has changed and other countries can perfectly good develop while not giving damn

    about US and because ~coalition of the willing~ now has its own suspicions to fight to.

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    Post  miketheterrible on Sat Mar 21, 2020 9:07 pm

    Well, no, because India, USA themselves, UK, France, China, etc all have stakes in Russian oil companies and oil wells. It would hurt their bottom line as well. So its all talk.
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    Post  DerWolf on Sat Mar 21, 2020 10:06 pm

    I hope sanctions against Russia wont be lifted, in contrary i hope to get worse. In this way Russia will only grow in an indeppendant way and addapt to became immune.
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    Post  GarryB on Sun Mar 22, 2020 2:28 am

    Exactly... when oil is $200 a barrel Russia stops investing in things that benefit from investments...

    The more the west pushes away Russia the more Russia will realise it does not need them and that there is plenty of real money and resources around the rest of the world... and these growing economies offer much more opportunity for money to be made for both sides and for both economies to develop and improve.

    For a poor country investment from China and Russia make more sense because if you develop and grow then they make more money and grow and develop themselves.

    The west just wants colonies to rape and pillage... poor people to make their stuff cheap enough to be affordable to people who don't make anything any more.

    China and Russia and soon India are developing and growing to become real alternatives to western oppression and abuse.

    The worst thing the west could do to Russia is drop all the sanctions and welcome them in to the western dominated international world where the west makes money and no one else does....
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    Post  kvs on Sun Mar 22, 2020 3:33 am

    GarryB wrote:Exactly... when oil is $200 a barrel Russia stops investing in things that benefit from investments...

    The more the west pushes away Russia the more Russia will realise it does not need them and that there is plenty of real money and resources around the rest of the world... and these growing economies offer much more opportunity for money to be made for both sides and for both economies to develop and improve.

    For a poor country investment from China and Russia make more sense because if you develop and grow then they make more money and grow and develop themselves.

    The west just wants colonies to rape and pillage... poor people to make their stuff cheap enough to be affordable to people who don't make anything any more.

    China and Russia and soon India are developing and growing to become real alternatives to western oppression and abuse.

    The worst thing the west could do to Russia is drop all the sanctions and welcome them in to the western dominated international world where the west makes money and no one else does....

    I am not in disagreement with your post, but Russia has been developing away from primitive resource extraction ever since 1999.
    This includes diversion of raw timber into value added production, and no special focus on oil and gas aside from the normal
    reserve replacement efforts. That oil and gas are under 7% of GDP is already proof that Russia is not a banana republic dependent
    on this commodity sector for its economy. It does not matter that "50%" of Russia's exports are oil and gas. Russia does not depend
    on exports for its GDP either aside from the positive trade balance they bring. Japan and Germany are dependent on exports for
    the economic level.

    The information space surrounding Russia is corrupted by the insane bias and propaganda spewed at it by the west. A lot of the
    "Russia depends on" BS is a direct continuation of the 1980s USSR need for "hard currency" to pay for wheat imports and other goods.
    Russia is night and day to the USSR in the 1980s. It exports wheat and has a freely floating currency with zero need for any "hard
    currency" income to buy anything. And the Saudis are simply not able to pull the same low oil price stunt they pulled against the USSR
    in the mid 1980s against Russia today. The yanqui blood libeling scum know this and that is why they are trying to put pressure on
    the Saudis and Russia to increase oil prices. One could say it is the USA that is dependent on non-conventional oil and gas production
    for its GDP.

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    Post  Austin on Sun Mar 22, 2020 9:02 am

    Belousov accused Russia's Arab partners of a collapse in oil prices

    https://tass.ru/ekonomika/8045985
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    Post  jhelb on Sun Mar 22, 2020 10:48 am

    GarryB wrote:China and Russia and soon India are developing and growing to become real alternatives to western oppression and abuse.

    I never trusted China, but if Russia benefits from trading with China, Russia should trade. Re India even if it grows at 10% GDP ( a figure they have never touched since the Brits left) it will take them 100 years to reach Russia's current Per Capita Income. Just like Africa, India is a dirt poor state.

    So it's only Russia and probably China. But these two countries will have to create a new economic order, else the pliable Europeans, Africans will continue to suck up to the Yankees.
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    Post  JohninMK on Sun Mar 22, 2020 11:50 pm

    The decision earlier in the month by Russia not to reduce production and the subsequent move by Saudi to increase it resulted in an effective halving in the oil price. Whereas Russia's action made sense it is difficult to see what Saudi hoped to achieve (apart perhaps from damaging US shale) given the impact on its own domestic stability. However, this was all about supply side pricing.

    What neither country probably realised at the time those decisions were made was the impact that Coronavirus was going to have on demand side pricing. It is now clear that it is going to be huge. These are the key factors:

    - the West is going into lockdown, dramatically reducing the need in particular for aviation spirit, petrol and diesel. China could be slowly recovering but has good unused stocks and its ongoing demand will be lower than it has been due to lower demand around the world for its products,

    - the northern hemisphere is coming into spring, reducing heating fuel needs,

    - the lockdown will reduce the normal summer increase in transport fuel use,

    - the slowdown in consumption has increased stocks, built up in anticipation of demand but not used,

    - the stock of tankers are currently filling up but with fewer customers around to take their contents.

    All previous shocks to the oil market have been supply side based, this is new, a demand crash. We are, as they say, in uncharted waters.

    If one of Russia's objectives was to start a chain reaction to hit the US financial system, probably by accident they have hit the bullseye. The link below takes you to an article describing the dire straits that the US is in, although not many there realise it yet.

    Whereas this might be catastrophic for the US, as the home of the $, the largest oil companies, a major oil producer and high debt, it is not so much for places like the EU a heavy oil/gas consumer. Once the corona virus crisis is over China, Russia and the EU are going to power out of it together, maybe ignoring the crippled US, who clearly have been very selfish in the crisis. Feel a bit sorry for Norway having to go back to living on its fish and industry, they will have to become friends with the Russians as well.

    Now read the article and let what he says sink in.

    https://srsroccoreport.com/u-s-oil-price-collapse-u-s-economic-collapse/
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    Post  owais.usmani on Mon Mar 23, 2020 9:32 am

    https://oilprice.com/Energy/Energy-General/Russia-Moves-In-On-European-Gas-Markets-As-Oil-Prices-Crash.html

    Russia Moves In On European Gas Markets As Oil Prices Crash

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    Post  GarryB on Mon Mar 23, 2020 10:49 am

    I never trusted China, but if Russia benefits from trading with China, Russia should trade.

    Who should Russia trust now? The US? The UK? France? The EU? The Germans?

    Trust has nothing to do with it... Russia can trade with any one it pleases, though to date the west has been limiting its ability to trade with them, with current issues I suspect that might change...

    What I am saying is that the idea that you get rich from trading with the west is bullshit... the west does not enter into agreements it loses on, and it also does not allow agreements that allow Russia or China to benefit from... hense their laws regarding Russian military sales...

    BRICSA is a new trade organisation with good potential for growth if those countries make sensible choices they all have enormous economic potential.... of course the west has been doing its best over the last few centuries to prevent any rivalry or alternative economic power from developing and challenging their position... but it is not rocket science to see that the top country that retains the top place by covering its debts by printing money is a house of cards that could collapse at any time... do they understand how fragile their position is?

    Lots of countries have US dollar assets or US debt in US dollars, so they don't want hyper inflation where a billion US dollars is how much a loaf of bread costs the American government might need to nationalise some international US companies (international so they can choose where they pay tax) to compensate countries for US debt... of course tiny and not very powerful countries that hold US debt will just get stiffed.... amusingly the US using the US dollar as a weapon forced Russia to sell most of its US debt and not trade in US dollars, so effectively Russia is protected from a US dollar collapse...
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    Post  PapaDragon on Tue Mar 24, 2020 11:39 am

    PapaDragon wrote:
    George1 wrote:Yaroslav Mudry frigate around South Africa

    https://navy-korabel.livejournal.com/232885.html

    Escorting this one:
    Russian Oil and Gas Industry: News #2 - Page 16 Hhhhhh10


    And like they said in the article, they aren't going through Suez because Akademik Cherskiy can't fit under the new bridge there

    Mystery solved



    Also Akademik Cherskiy was escorted from Nahodka to Sri Lanka by destroyer Admiral Vinogradov where it was handed over to Yaroslav Mudrii

    Marshal Ustinov might take over in Cape Town




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    Post  kvs on Tue Mar 24, 2020 2:39 pm

    I am 100% sure it has a submarine escort as well. A nuclear one. Russia is sending a message to the retarded yanquis that
    shit will be insanely serious if they try and pull anything.


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