Russia Oil Production
A general Thread about Oil Production in Russia. What is the level of Russia Oil & Gas Exploration and are the Petroleum Refineries able to keep up with local demand?
Russia ordered to pay $50B over Yukos
An arbitration court in the Netherlands awarded shareholders in the former Russian oil giant, Yukos, $50 billion in a court ruling against Russia for expropriating the company, the Associated Press and Reuters report. Ref. USAToday
Russia, India to ink $40 bn gas deal: Reports:
Russian President Vladimir Putin and Indian Prime Minister Narendra Modi are expected to announce a massive natural gas deal during their summit later this year, Indian media reports said Monday. Ref. Source 2
Putin breaks ground on Russia-China gas pipeline, world's biggest:
Russian President Vladimir Putin and Chinese Vice Premier Zhang Gaoli have launched the construction of the first part of Gazprom's Power of Siberia pipeline - which will deliver 4 trillion cubic meters of gas to China over 30 years. Ref. Source 9
EU puts top Russian oil companies on sanctions list - diplomat:
The European Union put Russia's top oil producers and pipeline operators Rosneft, Transneft and Gazprom Neft on its list of Russian state-owned firms that will not be allowed to raise capital or borrow on European markets, an EU diplomat said. Ref. Source 7
Russian Oil Production Hits Record As Saudi Gambit Fails:
Russia has once again bested the Saudis for the top spot on China's crude suppliers list. "Russia overtook Saudi Arabia for the third time this year in November as China's largest crude oil supplier," Reuters writes, adding that "China brought in about 949,925 barrels per day (Bpd) of Russian crude in November Ref. Source 2z
Putin ratifies deal on Turkish Stream natural gas pipeline project;
Turkish Stream, will carry gas from Russia under the Black Sea to Turkey's Thrace region. One line, is expected to supply the Turkish market, while a second line is set to carry gas to Europe. Ref. Source 4a.