Russia Defence Forum

Would you like to react to this message? Create an account in a few clicks or log in to continue.

Military Forum for Russian and Global Defence Issues


+68
Big_Gazza
calripson
Mindstorm
Rodion_Romanovic
auslander
Odin of Ossetia
MiamiMachineShop
Kimppis
Hole
KomissarBojanchev
Nibiru
JohninMK
ZoA
ATLASCUB
miketheterrible
PapaDragon
Henrik5927
Svyatoslavich
zepia
Rmf
victor1985
sepheronx
Karl Haushofer
Project Canada
Prince Darling
higurashihougi
max steel
Neutrality
whir
Regular
nobunaga
KoTeMoRe
Vann7
Morpheus Eberhardt
Kyo
par far
Austin
kvs
Mike E
Werewolf
Flyingdutchman
vK_man
Asf
navyfield
Firebird
dino00
Hannibal Barca
magnumcromagnon
etaepsilonk
zg18
gaurav
zino
macedonian
As Sa'iqa
flamming_python
Rpg type 7v
TheArmenian
TR1
medo
AlfaT8
Viktor
Cyberspec
George1
Pervius
Russian Patriot
IronsightSniper
GarryB
Admin
72 posters

    Russian Oil and Gas Industry: News

    magnumcromagnon
    magnumcromagnon


    Posts : 8138
    Points : 8273
    Join date : 2013-12-05
    Location : Pindos ave., Pindosville, Pindosylvania, Pindostan

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  magnumcromagnon Tue Jun 10, 2014 6:40 pm

    Russia won a tender to develop Vietnamese gas fields, that was originally awarded to Chevron:

    U.S. lost another war in Vietnam this time the gas

    The Russian company Rosneft has earned the right to operate the gas fields in Vietnam, originally owned by Chevron. This U.S. company gave them more than six years, but failed to reach an agreement with Hanoi.

    According to the magazine ' Forbes ', citing a source close to one of the companies, Chevron gave Rosneft a deposit on the continental shelf of  Vietnam . "Rosneft is more likely to reach a compromise: the friendship between the two countries is strengthened by the fact that the Russian oil invited his Vietnamese partner PetroVietnam to the Russian platform, a site with reserves of about 70,000 million cubic meters of gas, "writes Forbes." By way of comparison, the Vietnamese field contains 170,000 million cubic meters of gas and can produce up to 490 million cubic meters of gas and 7,000 barrels of condensate per day. Chevron planned to invest up to 2.000 billion of the total cost of 4,000 million dollars and insisted on a price of 250-385 dollars per 1,000 cubic meters, while Vietnam was willing to pay no more than $ 231. Meanwhile, Rosneft created a platform for future work in Vietnam: received 35% of the box 06.1, the largest gas field Vietnam, with a capacity of 4,700 million cubic meters of gas per year. late last May the media reported that Chevron "Rosneft planted at the negotiating table", to purchase its stake in Vietnam project.

    Complete Text: http://actualidad.rt.com/economia/view/130711-eeuu-vietnam-gas-chevron-rusia-rosneft?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

    I wonder if Chevron will finance an overthrow of the Vietnamese govt. just like they financed the overthrow of the Viktor Yanukovich govt.
    AlfaT8
    AlfaT8


    Posts : 2465
    Points : 2456
    Join date : 2013-02-02

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  AlfaT8 Tue Jun 10, 2014 10:15 pm

    magnumcromagnon wrote:Russia won a tender to develop Vietnamese gas fields, that was originally awarded to Chevron:

    U.S. lost another war in Vietnam this time the gas

    The Russian company Rosneft has earned the right to operate the gas fields in Vietnam, originally owned by Chevron. This U.S. company gave them more than six years, but failed to reach an agreement with Hanoi.

    According to the magazine ' Forbes ', citing a source close to one of the companies, Chevron gave Rosneft a deposit on the continental shelf of  Vietnam . "Rosneft is more likely to reach a compromise: the friendship between the two countries is strengthened by the fact that the Russian oil invited his Vietnamese partner PetroVietnam to the Russian platform, a site with reserves of about 70,000 million cubic meters of gas, "writes Forbes." By way of comparison, the Vietnamese field contains 170,000 million cubic meters of gas and can produce up to 490 million cubic meters of gas and 7,000 barrels of condensate per day. Chevron planned to invest up to 2.000 billion of the total cost of 4,000 million dollars and insisted on a price of 250-385 dollars per 1,000 cubic meters, while Vietnam was willing to pay no more than $ 231. Meanwhile, Rosneft created a platform for future work in Vietnam: received 35% of the box 06.1, the largest gas field Vietnam, with a capacity of 4,700 million cubic meters of gas per year. late last May the media reported that Chevron "Rosneft planted at the negotiating table", to purchase its stake in Vietnam project.

    Complete Text: http://actualidad.rt.com/economia/view/130711-eeuu-vietnam-gas-chevron-rusia-rosneft?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

    I wonder if Chevron will finance an overthrow of the Vietnamese govt. just like they financed the overthrow of the Viktor Yanukovich govt.
    Honestly, i am more concerned whether or not Vietnam is still participating in the TPP (Trans Pacific Partnership)??
    magnumcromagnon
    magnumcromagnon


    Posts : 8138
    Points : 8273
    Join date : 2013-12-05
    Location : Pindos ave., Pindosville, Pindosylvania, Pindostan

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  magnumcromagnon Tue Jun 10, 2014 10:43 pm

    AlfaT8 wrote:
    magnumcromagnon wrote:Russia won a tender to develop Vietnamese gas fields, that was originally awarded to Chevron:

    U.S. lost another war in Vietnam this time the gas

    The Russian company Rosneft has earned the right to operate the gas fields in Vietnam, originally owned by Chevron. This U.S. company gave them more than six years, but failed to reach an agreement with Hanoi.

    According to the magazine ' Forbes ', citing a source close to one of the companies, Chevron gave Rosneft a deposit on the continental shelf of  Vietnam . "Rosneft is more likely to reach a compromise: the friendship between the two countries is strengthened by the fact that the Russian oil invited his Vietnamese partner PetroVietnam to the Russian platform, a site with reserves of about 70,000 million cubic meters of gas, "writes Forbes." By way of comparison, the Vietnamese field contains 170,000 million cubic meters of gas and can produce up to 490 million cubic meters of gas and 7,000 barrels of condensate per day. Chevron planned to invest up to 2.000 billion of the total cost of 4,000 million dollars and insisted on a price of 250-385 dollars per 1,000 cubic meters, while Vietnam was willing to pay no more than $ 231. Meanwhile, Rosneft created a platform for future work in Vietnam: received 35% of the box 06.1, the largest gas field Vietnam, with a capacity of 4,700 million cubic meters of gas per year. late last May the media reported that Chevron "Rosneft planted at the negotiating table", to purchase its stake in Vietnam project.

    Complete Text: http://actualidad.rt.com/economia/view/130711-eeuu-vietnam-gas-chevron-rusia-rosneft?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

    I wonder if Chevron will finance an overthrow of the Vietnamese govt. just like they financed the overthrow of the Viktor Yanukovich govt.
    Honestly, i am more concerned whether or not Vietnam is still participating in the TPP (Trans Pacific Partnership)??

    As you probably know, TPP was designed so that the huge economic players in Asia (Russia, China, India) would be excluded out of it and that the tiny weak states such as the Philippines and Chile could be manipulated and controlled easily through economics by the United States, notice that they left the door open for India, and China but the door is not actually open, and of course Russia was never invited for obvious reasons. India and China won't be controlled so easily and would demand concessions but of course the U.S. can't have that can they, and of course like all trade agreements spearheaded by the U.S. there's a military angle and aspect to it (probably sharing intelligence and spying). Vietnam is in TPP but because of the anti-Chinese riots there has been an huge capital flight out of Vietnam, could this bring an end to the controversial and much hated TPP trade deal before it even started?
    macedonian
    macedonian


    Posts : 1067
    Points : 1092
    Join date : 2013-04-29
    Location : Skopje, Macedonia - Скопје, Македонија

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  macedonian Sat Jun 21, 2014 3:05 pm


    Russia seeks China, India as partners of new energy alliance
    The Hindu wrote: Russia has signalled that its proposed giant gas pipeline to China could be extended to India, setting the stage for a triangular energy partnership among three core members of the Brazil-Russia-India-China-South Africa (BRICS) grouping.

    Russian Deputy Prime Minister Dmitri Rogozin, who has concluded a visit to India as President Vladimir Putin’s envoy told reporters that the construction of a gas pipeline from Russia to India would be “one of the largest infrastructure projects that could be conceived”. His comments follow media reports that during his anticipated meeting with Prime Minister Narendra Modi in Brazil during the BRICS summit next month, Mr. Putin may propose the extension of the Russia-China gas pipeline to India.

    Read the whole thing @ "The Hindu"
    macedonian
    macedonian


    Posts : 1067
    Points : 1092
    Join date : 2013-04-29
    Location : Skopje, Macedonia - Скопје, Македонија

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  macedonian Tue Jun 24, 2014 2:31 pm


    Wow, the Austrians are even taking it a bit further:

    OMV offers Gazprom stake in Austrian gas exchange
    OMV CEO Gerhard Roiss assured that Russia’s South Stream gas pipeline project would fully comply with the legislation of the European Union

    TASS wrote:VIENNA, June 24. /ITAR-TASS/. International oil and gas company OMV based in Vienna has offered Russian state-controlled energy giant Gazprom a stake in the Austrian gas exchange, OMV CEO Gerhard Roiss said Tuesday.

    “We have always said that if a company supplies gas to Austria then it should have a chance to participate in that exchange. We have offered Gazprom a stake, but it is not part of this agreement,” Roiss said.

    TASS

    Now, I have no proof of course, but my gut feeling tells me they'd never offer this deal without Germany's consent.
    Could be wrong though, who the hell knows...

    Anyway:
     russia 
    Cyberspec
    Cyberspec


    Posts : 2904
    Points : 3057
    Join date : 2011-08-08
    Location : Terra Australis

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Cyberspec Wed Jun 25, 2014 3:17 am

    macedonian wrote:
    Wow, the Austrians are even taking it a bit further:


    Now, I have no proof of course, but my gut feeling tells me they'd never offer this deal without Germany's consent.
    Could be wrong though, who the hell knows...

    Anyway:
     russia 

    Quite possible, since the Austrians were among the ones throwing obstacles in the way recently.

    This is an important development either way
    Hannibal Barca
    Hannibal Barca


    Posts : 1443
    Points : 1451
    Join date : 2013-12-13

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Hannibal Barca Wed Jun 25, 2014 4:38 pm

    I will say something and hold your breath. Many and diverged signs indicate that a crisis is returning to US economy and by extrapolation to their puppets.
    If this prove to be the case this is gonna be MEGA. Thus pray accordingly..
    avatar
    vK_man


    Posts : 45
    Points : 52
    Join date : 2012-03-12

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  vK_man Wed Jun 25, 2014 5:47 pm

    Cyberspec wrote:
    macedonian wrote:
    Wow, the Austrians are even taking it a bit further:


    Now, I have no proof of course, but my gut feeling tells me they'd never offer this deal without Germany's consent.
    Could be wrong though, who the hell knows...

    Anyway:
     russia 

    Quite possible, since the Austrians were among the ones throwing obstacles in the way recently.

    This is an important development either way

    Austria signed the deal after putin petitioned the parliament to repel military intervention act for ukraine.
    magnumcromagnon
    magnumcromagnon


    Posts : 8138
    Points : 8273
    Join date : 2013-12-05
    Location : Pindos ave., Pindosville, Pindosylvania, Pindostan

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  magnumcromagnon Tue Jul 08, 2014 7:33 pm

    Russia’s Gazprom resumes gas supplies on Blue Stream pipeline ahead of time

    Russian energy giant Gazprom has resumed gas supplies to Turkey through Blue Stream gas pipeline on Friday after annual planned preventive and repairing operations, the Russian gas monopoly stated.

    Gas delivery was resumed at 09:00 Moscow time (06:00 UTC) on Friday a day ahead of the deadline. All planned works are fully done. Gas supplies are made as scheduled.

    For the period of maintenance gas supplies were secured thanks to higher gas amounts along alternative gas delivery routes and use of gas from Turkish underground gas storages.

    Blue Stream maritime gas pipeline from Russia to Turkey was suspended for planned technical maintenance on July 1 until the end of this week.

    Blue Stream gas pipeline stretching at 1,213 kilometers and with an annual throughput capacity of 16 billion cubic meters of gas was commissioned in December 2002 for direct gas supplies to Turkish consumers along the Black Sea bottom.
    Turkey is the second largest Russian gas importing country after Germany. In 2013, 26.61 billion cubic meters of gas were delivered to Turkey on two routes, particularly by land and Blue Stream.

    http://in.rbth.com/news/2014/07/04/russias_gazprom_resumes_gas_supplies_on_blue_stream_pipeline_ahead_of_ti_36471.html
    Viktor
    Viktor


    Posts : 5796
    Points : 6429
    Join date : 2009-08-25
    Age : 43
    Location : Croatia

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Viktor Wed Jul 09, 2014 6:05 pm

    Nice  thumbsup 

    Russia, Serbia agree €2.1bn South Stream construction deal
    avatar
    Austin


    Posts : 7617
    Points : 8014
    Join date : 2010-05-08
    Location : India

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Austin Fri Aug 08, 2014 7:56 pm

    As reported Emergencies Ministry, the total value of minerals concentrated in the Arctic region of Russia, more than 30 trillion dollars. Gradually, the center of gravity will shift to Russian oil and gas in the Arctic offshore, according to experts of the ministry.


    In recent years, Russia has begun to take an active economic development of its northern territories, including the production of hydrocarbons, as well as the development of the Northern Sea Route, which is increasingly becoming an alternative to traditional routes from Europe to Asia. To protect Russian interests in the Arctic sent a package of measures, including military measures, given the increased attention to the region on the part of NATO member countries.


    In April, President Vladimir Putin announced the creation of the Russian Arctic unified system based surface ships and submarines of the new generation. According to him, will also have to increase the reliability of the protection of the Russian border in the Arctic, including through the strengthening of the naval component of border groups.


    http://ria.ru/defense_safety/20140808/1019299986.html
    Flyingdutchman
    Flyingdutchman


    Posts : 535
    Points : 551
    Join date : 2013-07-30
    Location : The Netherlands

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Flyingdutchman Fri Aug 15, 2014 3:31 pm

    The oil company rosneft needs 1500 billion rubel from the government to survive Western sanctions.
    Since the begin of this economic war it lost 10% of its value.

    Yeah the west wont survive the sanctions lol1 lol1
    Werewolf
    Werewolf


    Posts : 5914
    Points : 6103
    Join date : 2012-10-24

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Werewolf Fri Aug 15, 2014 4:46 pm

    Flyingdutchman wrote:The oil company rosneft needs 1500 billion rubel from the government to survive Western sanctions.
    Since the begin of this economic war it lost 10% of its value.

    Yeah the west wont survive the sanctions lol1 lol1

    You suffered some brain damage?
    magnumcromagnon
    magnumcromagnon


    Posts : 8138
    Points : 8273
    Join date : 2013-12-05
    Location : Pindos ave., Pindosville, Pindosylvania, Pindostan

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  magnumcromagnon Fri Aug 15, 2014 6:05 pm

    Flyingdutchman wrote:The oil company rosneft needs 1500 billion rubel from the government to survive Western sanctions.
    Since the begin of this economic war it lost 10% of its value.

    Yeah the west wont survive the sanctions lol1 lol1

    I guess China's massive economy doesn't factor in to your equation. Rolling Eyes 
    sepheronx
    sepheronx


    Posts : 8530
    Points : 8792
    Join date : 2009-08-06
    Age : 34
    Location : Canada

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  sepheronx Fri Aug 15, 2014 7:10 pm

    Flyingdutchman wrote:The oil company rosneft needs 1500 billion rubel from the government to survive Western sanctions.
    Since the begin of this economic war it lost 10% of its value.

    Yeah the west wont survive the sanctions lol1 lol1

    Please provide a link. Rosneft purchased a norweigan and swiss oil companies to do offshore drilling which rosneft would face hardship over. As well, most of their contracts are with China, which they signed a $270B agreement with.

    Esit: nvm found it. They say to weather western sanctions, but it is to pay off their western debt. Rosneft seems to still be playing legitly even if EU is not. Their western debt stands at 1.5t rubles. So instead of oaying out of their own pocket, they want Rus gov to buy their bonds/stock to pay off these western debts. If they decided not to pay though, I would like to see EU try to remove rosneft assets...  but Rosnefts revenue is in the $100B, so they are not hurting.

    magnumcromagnon wrote:
    Flyingdutchman wrote:The oil company rosneft needs 1500 billion rubel from the government to survive Western sanctions.
    Since the begin of this economic war it lost 10% of its value.

    Yeah the west wont survive the sanctions lol1 lol1

    I guess China's massive economy doesn't factor in to your equation. Rolling Eyes 

    China as well is not the all be end of all economy. As well, Rosneft still has to pay for building part of the pipeline and the fields needed to extract the oil for China. As well, the $270B is broken up to 30 years. In this case, Rosneft has to be debt free in order to make a profit from this and to be able to use its finances to pay for the fields. So in this case, Russian gov would buy Rosneft bonds that increase after a specific amount of years. This will allow Rosneft to develop its fields unhindered by pressure from the west due to lack of any debt. Why did Rosneft acquire debt? Well, it seems popular to do so instead of spending their own acquired wealth.


    Last edited by sepheronx on Fri Aug 15, 2014 7:43 pm; edited 1 time in total
    Flyingdutchman
    Flyingdutchman


    Posts : 535
    Points : 551
    Join date : 2013-07-30
    Location : The Netherlands

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Flyingdutchman Fri Aug 15, 2014 7:42 pm

    Thats also a point of view.
    sepheronx
    sepheronx


    Posts : 8530
    Points : 8792
    Join date : 2009-08-06
    Age : 34
    Location : Canada

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  sepheronx Fri Aug 15, 2014 7:45 pm

    Flyingdutchman wrote:Thats also a point of view.

    Point of view of what?  It is in the article itself in RT regarding that their debt is exactly 1500B Rubles.  If they are seeking 1500B Rubles from Rus government to prevent it being weathered from western sanctions, then the only thing that can be thought of is its outstanding debt to the western banks.

    The CEO of Russian oil giant Rosneft, Igor Sechin, has asked the government to provide the company with 1.5 trillion rubles ($41.6 billion) to help the company weather Western sanctions, according to a Vedomosti report Thursday. The state would spend money from its National Wealth Fund to buy Rosneft bonds, the paper said, citing government sources. Prime Minister Dmitry Medvedev had asked officials to analyze the idea, according to the daily. Rosneft net debt reportedly stood at 1.5 trillion rubles at the end of the second quarter.
    sepheronx
    sepheronx


    Posts : 8530
    Points : 8792
    Join date : 2009-08-06
    Age : 34
    Location : Canada

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  sepheronx Fri Aug 15, 2014 7:58 pm

    BTW vedomosti is being sued by Sechin over damaging of image in another article.
    Flyingdutchman
    Flyingdutchman


    Posts : 535
    Points : 551
    Join date : 2013-07-30
    Location : The Netherlands

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Flyingdutchman Fri Aug 15, 2014 8:06 pm

    sepheronx wrote:
    Flyingdutchman wrote:Thats also a point of view.

    Point of view of what?  It is in the article itself in RT regarding that their debt is exactly 1500B Rubles.  If they are seeking 1500B Rubles from Rus government to prevent it being weathered from western sanctions, then the only thing that can be thought of is its outstanding debt to the western banks.

    The CEO of Russian oil giant Rosneft, Igor Sechin, has asked the government to provide the company with 1.5 trillion rubles ($41.6 billion) to help the company weather Western sanctions, according to a Vedomosti report Thursday. The state would spend money from its National Wealth Fund to buy Rosneft bonds, the paper said, citing government sources. Prime Minister Dmitry Medvedev had asked officials to analyze the idea, according to the daily. Rosneft net debt reportedly stood at 1.5 trillion rubles at the end of the second quarter.

    Thats right Very Happy 
    avatar
    Austin


    Posts : 7617
    Points : 8014
    Join date : 2010-05-08
    Location : India

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Austin Sun Aug 17, 2014 10:34 am

    Rosneft reserves are worth more than 100 years makes sense for state to come in to rescue Rosneft.
    sepheronx
    sepheronx


    Posts : 8530
    Points : 8792
    Join date : 2009-08-06
    Age : 34
    Location : Canada

    Russian Oil and Gas Industry: News - Page 9 Empty Russian Oil and Gas Industry: News

    Post  sepheronx Sun Aug 17, 2014 10:36 am

    Austin wrote:Rosneft reserves are worth more than 100 years makes sense for state to come in to rescue Rosneft.

    Yes. But this is a rescue that seems kinda strange to me. I wonder if the reason why they are willing to pay off its foreign debt now, is the means to still keep BP as a main partner and west cannot say anything to them about their debt later on? Cause if they didn't care, they wouldn't have to pay it back as US or EU would not be able to collect on it. But could hurt Rosnefts image in obtaining any further loans from lets say China or India?
    Cyberspec
    Cyberspec


    Posts : 2904
    Points : 3057
    Join date : 2011-08-08
    Location : Terra Australis

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Cyberspec Sat Aug 30, 2014 4:43 am

    Gazprom begins sales in Yuan and Roubles

    http://www.examiner.com/article/petro-dollar-era-is-officially-over-as-gazprom-begins-sales-yuan-and-rouble
    Mike E
    Mike E


    Posts : 2619
    Points : 2651
    Join date : 2014-06-19
    Location : Bay Area, CA

    Russian Oil and Gas Industry: News - Page 9 Empty Russian Oil and Gas Industry: News

    Post  Mike E Sat Aug 30, 2014 4:55 am

    Time to start dumping the Petrodollar!
    Viktor
    Viktor


    Posts : 5796
    Points : 6429
    Join date : 2009-08-25
    Age : 43
    Location : Croatia

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Viktor Sun Sep 14, 2014 8:42 pm

    Interesting thumbsup


    Key among Russian tight oil reserves are the Bazhenov formations, which are located beneath existing mature west Siberian fields.

    They are estimated to contain as much as a trillion barrels of oil - four times the reserves of Saudi Arabia.

    Rosneft and Gazprom Neft are working on Bazhenov with Exxon and Shell.

    "When we learnt about the first sanctions we decided to speed up work on all fronts to minimize the damage to the company," said a Rosneft source.


    LINK
    Mike E
    Mike E


    Posts : 2619
    Points : 2651
    Join date : 2014-06-19
    Location : Bay Area, CA

    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Mike E Sun Sep 14, 2014 10:15 pm

    Viktor wrote:
    They are estimated to contain as much as a trillion barrels of oil - four times the reserves of Saudi Arabia.

    If that is true, you can render me speechless!

    affraid

    Sponsored content


    Russian Oil and Gas Industry: News - Page 9 Empty Re: Russian Oil and Gas Industry: News

    Post  Sponsored content


      Current date/time is Wed Apr 24, 2024 11:48 pm