Russian Oil and Gas Industry: News

Nice

Iranian oil company executive says Russia-Iran oil deal will not be of barter type

kvs wrote:

sepheronx wrote:

Austin wrote:Rosneft Seeks $200 Billion in Loans

I was reading that and someone else in comments section pointed out that it looks more like to see how much they could borrow in short notice, based upon those numbers on how many days of borrowing. Some 30 days while another for 7 years. The other one is that there may be something huge in the works for Rosneft and they require such capital for such project. But the variety of the loans and borrowing days are way too odd.

Oil majors have massive capital expenditures on field development.   And these expenditures have been getting bigger and bigger every year
as the quality of oil field finds and the number of finds has been steadily declining since the 1980s.   $200 billion is peanuts.   This story
highlights what I was harping on about earlier.   Companies need access to loans for operations.   It is not the same thing as government
which usually piles on debt because of political opportunism.   Companies borrow and then pay off their loans as part of their normal cycle.

Thanks to the monetarists in the CBR and the Ministry of Finance in Russia, the capital market in Russia is very underdeveloped.   And on
top of this the interest rate is simply punitive and creates a massive disincentive for companies to borrow locally.   So they are forced to
borrow abroad.   This leaves Russia open to currency attacks and banking sector sanctions as a means of undermining its economy.  So
those monetarists, such as Kudrin, are indeed a bunch of 5th columnist dirtbags.

200 Bln is mofo huge, That's almost twice the 2014 revenue...this means a huge break out in a mega oilfield. Or ...

Nevermind...

KoTeMoRe wrote:

kvs wrote:

sepheronx wrote:

Austin wrote:Rosneft Seeks $200 Billion in Loans

I was reading that and someone else in comments section pointed out that it looks more like to see how much they could borrow in short notice, based upon those numbers on how many days of borrowing. Some 30 days while another for 7 years. The other one is that there may be something huge in the works for Rosneft and they require such capital for such project. But the variety of the loans and borrowing days are way too odd.

Oil majors have massive capital expenditures on field development.   And these expenditures have been getting bigger and bigger every year
as the quality of oil field finds and the number of finds has been steadily declining since the 1980s.   $200 billion is peanuts.   This story
highlights what I was harping on about earlier.   Companies need access to loans for operations.   It is not the same thing as government
which usually piles on debt because of political opportunism.   Companies borrow and then pay off their loans as part of their normal cycle.

Thanks to the monetarists in the CBR and the Ministry of Finance in Russia, the capital market in Russia is very underdeveloped.   And on
top of this the interest rate is simply punitive and creates a massive disincentive for companies to borrow locally.   So they are forced to
borrow abroad.   This leaves Russia open to currency attacks and banking sector sanctions as a means of undermining its economy.  So
those monetarists, such as Kudrin, are indeed a bunch of 5th columnist dirtbags.

200 Bln is mofo huge, That's almost twice the 2014 revenue...this means a huge break out in a mega oilfield. Or ...

Nevermind...

http://investorplace.com/2012/03/exxons-massive-spending-plan-looks-right-on-the-money/#.VWuzIEaRLao

Exxon allocated $150 billion over 5 years in 2012. Perhaps Rosneft is doing the same 5 year plan. The stock valuation of
Exxon does not properly scale its size relative to Rosneft. Rosneft may actually be bigger in terms of oil field development.
It just has less value added production to bad is income.

Gazprom Neft sells oil to China in renminbi rather than dollars

http://www.ft.com/intl/cms/s/0/8e88d464-0870-11e5-85de-00144feabdc0.html

Can you link a related article that's not behind a pay wall?

Neutrality wrote:Can you link a related article that's not behind a pay wall?

I WAS ABLE TO OPEN IT WTHOUT PAYING ANY SUBSCRIPTION CHARGES. well actually there is a trick to open FT articles . Let me help you .



Gazprom Neft, Russia’s third-largest oil producer, is now settling all of its crude sales to China in renminbi, in the most clear sign yet that western sanctions have driven an increase in the use of the Chinese currency by Russian companies.
Russian executives have talked up the possibility of a shift from the US dollar to renminbi as the Kremlin launched a “pivot to Asia” foreign policy partly in response to the western sanctions against Moscow over its intervention in Ukraine, but until now there has been little clarity over how much trade is being settled in the Chinese currency.


Gazprom Neft, the oil arm of state gas giant Gazprom, said on Friday that since the start of 2015 it had been selling in renminbi all of its oil for export down the East Siberia Pacific Ocean pipeline to China.

Russian companies’ crude exports were largely settled in dollars until the summer of last year, when the US and Europe imposed sanctions on the Russian energy sector over the Ukraine crisis.

Those sanctions restricted financing in dollars and euros for certain Russian energy companies, including Gazprom Neft.
Although the US and European sanctions expressly allowed customers to continue paying Russian companies for oil and gas sales in dollars and euros, the sanctions triggered alarm among Russian executives, who viewed the measures as a sign that the west was willing to use currency as a weapon.
Gazprom Neft responded more rapidly than most, with Alexander Dyukov, chief executive, announcing in April last year that the company had secured agreement from 95 per cent of its customers to settle transactions in euros rather than dollars, should the need to do so arise.
Mr Dyukov later said the company had started selling oil for export in roubles and renminbi, but he did not specify whether the sales were significant in scale.

According to Gazprom Neft’s first-quarter results issued last month, the East Siberian Pacific Ocean pipeline accounted for 37.2 per cent of the company’s crude oil exports of 1.6m tonnes in the three months to March 31.

This implied a volume of about 50,000 barrels a day, worth more than $1bn a year at today’s prices.

Other Russian energy groups have been more reluctant to drop the dollar for settlement of oil sales, because the lower liquidity of alternative currencies is likely to result in higher costs.

Meanwhile, Russian companies are trying to raise more capital from China, amid a near-total freeze in new western lending to the country because of the Ukraine-related sanctions.

Gazprom last year listed its shares in Singapore, while Rosneft, the country’s largest oil producer, has negotiated credit lines with several Russian state banks in renminbi.

[quote="sepheronx"]Moscow, New Delhi Mull Construction of Gas Pipeline to India

Russia may lay a gas pipeline to India, the Russian Energy Minister said.
VIENNA (Sputnik) — Moscow and New Delhi are discussing the preparation for construction of a pipeline to deliver Russian natural gas to India, Russian Energy Minister Alexander Novak said on Wednesday.

"I discussed [today] with India's minister of oil and energy the construction of a gas pipeline to India," Novak said in an interview with Rossiya-24 TV channel.

"A working group has been set up, the [preparatory] work is underway. We discussed the interim results," Novak said.

An ambitious task i would say . India aint that easy to reach with russian pipelines . They cant come through Himalayas neither india will allow pipeline coming from Pakistan . Unfeasible project . Ive been hearing this sMe stuff fir quite a few years .

sepheronx wrote:Saudi Arabia considers opportunity of investing into Russia’s oil industry

I wouldn't give them a drop.  F Saudi Arabia

I thought Saudi should have been supporting its Western allies to increase "sanction" against Russia

Nice

Novak: discuss the construction of the gas pipeline from Russia to India

Lenta.ru reports that Russia decreased the gas price for Ukraine from $287 to $262. Those who wanted for the Kremlin to play hardball with Ukraine will be disappointed.

It's Ukraine playing hardball with Gazprom

Regular wrote:It's Ukraine playing hardball with Gazprom

Yes, whatever. But what matters is that Ukraine sets the rules and not Russia.

Nice  

Russia’s Rosneft, Venezuela’s PDVSA Confirm Intention to Create Gas Venture

Russia, Japan to Join Hands in LNG Production on Sakhalin[/url

of the outmost importance

[url=http://www.vestifinance.ru/articles/58986]Putin: Russia does not recognize the jurisdiction of The Hague Court

"Nord Stream-2" will cost 9.9 billion euros

UniCredit Bank Austria has provided "Gazprom" credit

Nice

"Gazprom" will receive offshore technology in Scotland

5.5 bin $ in concrats signed

On SPIEF signed agreements for 300 billion rubles

Large Russia-China Investment Projects Inked at St. Petersburg Forum

"Rosatom" will provide "Rosneft" import-substituting equipment

http://finance.yahoo.com/news/russia-just-one-upped-saudis-180031804.html

http://finance.yahoo.com/news/saudi-arabia-loses-spot-top-124039108.html

Russia become the largest oil supplier for China, Angola is next and Saudi Arabia fall to the third place. Saudi Arabia also fall in India, where Saudi Arabia lost to Nigeria. If Saudi Arabia want to recapture its position, they will have to sell oil in Renminbi instead of US Dolar.

US Dollar is loosing its monopoly position in oil and gas trade and this will be a big blow for US empire. With loosing its monopoly position, USD will quickly lost its value.

http://finance.yahoo.com/news/russia-just-one-upped-saudis-180031804.html

http://finance.yahoo.com/news/saudi-arabia-loses-spot-top-124039108.html

Russia become the largest oil supplier for China, Angola is next and Saudi Arabia fall to the third place. Saudi Arabia also fall in India, where Saudi Arabia lost to Nigeria. If Saudi Arabia want to recapture its position, they will have to sell oil in Renminbi instead of US Dolar.

US Dollar is loosing its monopoly position in oil and gas trade and this will be a big blow for US empire. With loosing its monopoly position, USD will quickly lost its value.

Romania has started an assault against Lukoil. No doubt this is politically motivated:
http://www.romania-insider.com/romanian-prosecutors-seize-lukoils-accounts/152514/
http://www.romania-insider.com/lukoil-business-romania/152551/
Reply

Karl Haushofer wrote:Romania has started an assault against Lukoil. No doubt this is politically motivated:
http://www.romania-insider.com/romanian-prosecutors-seize-lukoils-accounts/152514/
http://www.romania-insider.com/lukoil-business-romania/152551/
Reply

Another pipsqueak NATO bootlick regime acting all tough.

These idiot don't get the clue that they are not the ones with the energy resources. Russia is the country that
has them. They can try to f*ck Russia over for a few billion dollars today, but Russia can make their future a
living hell.

It is time for Russia to start charging a penalty premium on its gas and oil shipped to the EU and the rest of NATO.
Let them eat LNG, solar panel and wind mill cake. We'll see how long they last on that diet.

Karl Haushofer wrote:Romania has started an assault against Lukoil. No doubt this is politically motivated:
http://www.romania-insider.com/romanian-prosecutors-seize-lukoils-accounts/152514/
http://www.romania-insider.com/lukoil-business-romania/152551/
Reply

Did Lukoil or the Russian government issue any statements on this situation?

I suspect that you all know the importance of the oil as well as gas exports from Russia to the EU. Well, it looks like someone is starting to poke the oil bear.


LUKoil vice-president for oil refining says the Russia’s oil company wants the European Commission’s help in tackling allegations of money laundering and tax evasion at its refinery in Romania.

BRUSSELS (Sputnik) – Russia’s oil company LUKoil wants the European Commission’s help in tackling allegations of money laundering and tax evasion at its refinery in Romania, LUKoil vice-president for oil refining said Wednesday.

Prosecutors in the city of Ploesti said last week that they had seized fixed assets belonging to LUKoil’s Romanian subsidiary as part of an ongoing investigation into money laundering and tax evasion.

"We would like to see European involvement in this because we have a small, relatively minor court making huge decisions that impact not only Romanian assets, but now European assets," Thomas Mueller told reporters. The frozen assets, belonging to Petrotel-Lukoil in Ploesti and the Netherlands-based Lukoil Europe Holdings that is Petrotel’s majority stakeholder, are valued from $657 million to $2.4 billion. Mueller added that LUKoil CEO Vagit Alekperov had requested assistance in the form of a "more open" investigation in a written letter to European Commission Vice-President for Energy Union Maros Sefcovic last week.

A source close to the matter later confirmed to RIA Novosti that Sefcovic had received Alekperov’s letter and is reviewing it, but declined to elaborate further.

LUKoil’s vice-president warned that European assets, worth nearly $10 billion, are on the line if the Petrotel refinery in Ploesti shuts down. Romanian authorities have temporarily closed down the refinery in the past, including a raid conducted last October, on similar suspicions of wrongdoing.

Petrotel, Romania’s largest and one of the largest oil refineries in Eastern Europe, has been in operation under LUKoil management since 1998.

Read more: http://sputniknews.com/business/20150715/1024678679.html#ixzz3fzjCJr3Q