Data Reveals Russia As China’s Top Oil Supplier
“Russia is increasingly looking east and the various deals made between Rosneft and China are likely to see more Russian crude head to China permanently,” an analyst told Bloomberg.
Data Reveals Russia As China’s Top Oil Supplier
“Russia is increasingly looking east and the various deals made between Rosneft and China are likely to see more Russian crude head to China permanently,” an analyst told Bloomberg.
Siberian Oil Deal Sees BP Bet On Russia’s Pivot Toward China
Taas-Yuriakh Neftegazodobycha LLC’s blocks near China’s northern border will supply the planned Tianjin refinery on the east coast, according to OAO Rosneft, which sold the 20% holding last week.
BP Plans To Buy Stake In Siberian Oil Field
BP will take a 20% stake in Taas-Yuriakh Neftegazodobycha LLC in Russia’s Far East, according to statements from Rosneft and BP.
Rosneft CEO: US Oil Supplies Weaken OPEC’s Power
U.S. output surged to highest level in over 40 years. OPEC is increasing output, and its 12 members recently maintained 30 million barrels per day joint output target, Bloomberg said.
Rosneft Weighs Joining Offshore Venezuela Gas Project
Rosneft OAO weighs whether to join Venezuela’s PDVSA in the Mariscal Sucre natural gas project offshore Venezuela, Bloomberg said. Venezuela might use the gas to phase out imports from Colombia.
Rosneft Poaches Gazprom’s Baranov To Head Investor Relations
In appointing Baranov, Rosneft gains an executive with more than seven years’ experience at another large, state-controlled company, where he held a similar post.
Lundin Secures Production License For Field In Caspian Sea
The production license is valid until 2035 and covers approximately 50 sq km (19 sq miles).
Lundin Receives Morskaya Field Production License
The production license is valid until 2035 and covers about 50 sq km. Morskaya Field might hold 157Mboe in gross contingent resources. LLC Petroresurs owns the field.
Russia Boosts Gas Condensate Output
As companies including OAO Gazprom, OAO Novatek and OAO Rosneft get new Siberian gas fields up and running, they’re also boosting output of ultralight condensate, Bloomberg said.