Kaztransoil and Transneft agree on Kazakh oil transit via Russia
Russian and Kazakh pipeline operators have finalized terms for the transit of Kazakh oil to the EU through Russian territory for the coming year.
Transneft
Kazakhstan intends to increase oil pumping via CPC
KazMunayGas (KMG) Management Board Chairman Askhat Khasenov and Transneft president Nikolai Tokarev have discussed the key matters and prospects for collaborating in the area of oil transportation, KMG's press service said.
Kazakhstan to keep cost of Russian oil transit to China for 10 years
Kazakhstan will keep the cost of transit of Russian oil to China until 2034, the press service of Kazakhstan’s national operator on the KazTransOil main oil pipeline said. From January 1, 2024 through December 31, 2033, the cost …
"Transneft": "Druzhba" oil pipeline operates in normal mode
The "Druzhba" oil pipeline continues to operate normally, oil is being pumped in accordance with the schedule. Igor Demin, the Transneft's official representative, informed the TASS news agency about it. "The …
U.S. сonsiders intervention in Saudi-Russia oil standoff
Texas regulators are weighing whether to curtail crude production for first time in decades
Kazakh oil for Belarus
An agreement on trade in oil and oil products is expected to be signed during Lukashenko’s visit to Nur-Sultan
Novak re-appointed as board chairman of Transneft
Russia's Energy Minister Alexander Novak was re-appointed as board chairman of the oil pipeline monopoly Transneft, the company said in a regulatory statement. The Company's Board of Directors consists of …
Pumping Azeri oil via Baku-Novorossiysk pipeline resumed
Azerbaijan’s state oil company SOCAR has resumed oil pumping via the northern export route - the Baku-Novorossiysk pipeline, deputy head of the SOCAR public relations and events department Ibrahim Ahmadov said. …
Hungary starts pumping Russian oil via Druzhba pipeline
Hungary has started pumping clean Russian oil via the Druzhba pipeline, Russia's pipeline monopoly Transneft said. According to the company, Hungary is expected to receive it today at 18:00 local time, TASS reported. …
Moody's upgrades ratings of Gazprom, Lukoil, Russian Railways
Moody's Investors Service has upgraded long-term issuer ratings of 12 Russian non-financial corporates to Baa2 from Baa3. The outlooks on all these ratings have been changed to stable from positive. The companies are …
Transneft VP: pragmatism in Russia-U.S. relations defeat political rhetoric
Vice President of Russia's Transneft oil pipeline company Mikhail Margelov is confident that pragmatism and business interests win over heated political rhetoric in Russian-US relations. "In the current …
S&P upgrades ratings of major Russian companies
International rating agency S&P raised the credit ratings of several major Russian companies, including Gazprom, Transneft, Rushydro, and Russian Railways, following the increase in the Russian sovereign rating, according to a press release …
Transneft stops inflow of oil in Makhachkala port
Russia's Transneft has stopped taking oil into its pipelines from the port of Makhachkala because of a higher than permitted water content, the aide to the president of Transneft Igor Demin said. "This night …
Will business climate in the Arctic change for better?
Low oil prices won’t deter Russia from Arctic drilling
Transneft suspends transportation of Azeri oil
Russia’s Transneft Company has suspended oil transportation from Azerbaijan to Novorossiysk port due to repair works in Makhachkala, Transneft spokesman Igor Demin said. No information was released …
Azerbaijan to increase oil transportation through Russia
In 2017, SOCAR plans to export about 1.5 million tons of oil through Russia, while in 2016 this figure is expected to reach 1.3 million tons. Azerbaijan’s State Oil Company SOCAR and Russia’s Transneft have agreed on …
Russia's Transneft not able to halt shipments of Rosneft's oil
The Moscow court had ruled against any move by Transneft to halt pipeline shipments of Rosneft's oil, Reuters reports with reference to Interfax. Transneft has not yet agreed a deal with Rosneft for 2017 on transporting its oil and …
Russia to cut oil export
Russia's oil export to foreign countries in the first quarter of 2017 will amount to 50.98 million tons, adviser of Transneft president Igor Demin informed. He also noted that "Russian exports 51.3 million tons …
Lukoil: companies to cut production in line with share of Russian output
Russian oil company Lukoil will cut its output in proportion with its share of Russian crude production, the firm's vice president, Ravil Maganov, said. His remarks were made after a meeting between Russian oil …
Moscow and Kiev terminate agreement on operation of oil product pipelines
An agreement between the Russian and Ukrainian governments on cooperation in the operation of the main oil product pipelines was terminated, a report posted on the Cabinet’s website says. It noted that the agreement signed in 1995 …