Latest news

Belarus plans to buy Russian oil at world prices

Belarus doesn’t need any special exclusive terms, Belarusian First Deputy Prime Minister Dmitry Krutoi says

read more... 10/02/2020


Oil production reaches a record high in Kazakhstan

Oil production in Kazakhstan reached a record high in the entire history of the development of the oil and gas industry in the country, the FinFeview reported.

read more... 04/02/2020


Russia’s Oil Giant Lukoil Plans $100B Investment Over Ten Years

As part of a new development strategy, Lukoil plans to invest more than US$100 billion in various projects, primarily in Russia, Vagit Alekperov, the chief executive of Russia’s second-largest oil producer, told President Vladimir Putin during a meeting on Tuesday.

read more... 29/01/2020


Oil Leaders at Davos Debate Tougher CO2 Cuts as Pressure Mounts

The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday, a sign of how much pressure they’re under from activists and investors to address climate change.

read more... 27/01/2020


Rosneft increases its share in Bayernoil refinery

Rosneft Deutschland, a subsidiary of Russian oil giant, has completed the deal to acquire a 3.57% stake in Bayernoil Raffineriegesellschaft from British BP, Rosneft said on 17 January, adding that as result of this deal, Rosneft increased its shareholding to 28.57% from 25%.

read more... 22/01/2020