Posts Tagged ‘Russian Government’

Rosneft in progress on Nakhodka Petrochemical Refinery complex

Rosneft invests $14.9 billion in Far East FEPCO project The Russian giant Rosneft, 69.50% owned by the State and 19.75% by the UK major BP, has confirmed to move forward on the Nakhodka integrated refinery and petrochemical complex close to Vladivostok in the south end of Russia Far East. Since […]

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Gazprom to lead Neftekhim Salavat Ethylene $4.9 billon expansion

Gazprom creates All-Russia Gas Chemistry Center In 2011, Salavatnefteorgsintez changed name to become JSC Gazprom Neftekhim Salavat (GNS) in order to support the creation of the All-Russia Gas Chemistry Center for the expansion project on the existing Volga petrochemical complex in the Republic of Bashkortostan, Russia. This Gazprom–led project is […]

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One Day – One Country: Russia

Russia Key Projects and Business Highlights In acquiring TNK from BP, Rosneft became this first half 2013 the world largest oil & gas and petrochemical company, ahead of ExxonMobil or China National Petroleum Corporation (CNPC or PetroChina) in term of revenues, thus sending the signal that Russia intends to stay […]

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Lukoil in brief

Harness natural energy resources for human benefit In 1991, the Russian Government published the decree to establish the Langepas Uray Kogalymneft Petroleum Corporation. In 1993, the Langepas Uray Kogalymneft Petroleum Corporation was transformed in open joint stock company under the name of Lukoil Oil Company. Today, Lukoil is listed in London Stock […]

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Gazprom and Novatek signed Memorandum on Yamal

Gazprom and Novatek to boost Yamal giant fields development  The Yamal Peninsula and the near by Gydan Peninsula concentrate among the biggest reserves of natural gas and condensate in the world. The exploration of the Yamal Peninsula and offshore area around has disclosed 11 natural gas  and 15 oil, natural gas  and condensate fields with […]

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Gazprom, Total and Statoil to decide soon about Shtokman

Gas prices and high costs dictate to rethink Shtokman The foreseen capital expenditure for the Shtokman gas field development came up from first estimated $15 billion to $30-40 billion. This costs escalation is resulting from multiple factors including the combined target to produce 50/50 natural gas and LNG. This goal appeared to […]

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Rosneft and Statoil sign for Barents & Okhotsk Seas Exploration

After ExxonMobil and ENI, Rosneft extends its domino strategy to Statoil Rosneft and Statoil signed a cooperation agreement to jointly explore offshore and onshore fields in the Russian sections The cooperation agreement also provides Rosneft with an opportunity to acquire interests in selected Statoil exploration licences and assets in the […]

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Rosneft and ENI sign pact for Barents & Black Seas exploration

Russian tax incentive unlock foreign investments The key factor that prompted the companies to sign the agreement was the steps taken by the Government of the Russian Federation to introduce tax incentives for offshore production, including cancelling export duties and introducing a reduced Mineral Extraction Tax rate of 5-15% depending on project complexity. The Russian Government also offered guarantees that the favourable […]

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