Russian Oil and Gas Industry: News

sepheronx wrote:So rosneft gets a gas contract for 30 years with China for $200+ billion, now Gazprom is gonna get a 30 year contract with China for gas, for 30 years? This is a ckmpletely different contract, right? As well, how much $$$ we talking?

Austin wrote:Gazprom keeps shifting goal for China gas deal it was suppose to be signed by Dec and now Feb ......likey on Feb we will get new dates.

The current new gas agreement is half the quantity they had planned to procure ............so the deal would be worth $300-400 billion ....ofcourse if it gets signed

sepheronx wrote:From my understanding, Gazprom has lousy managers. I am thinking that it is due to poor communication. Hope that deal goes through or get another company involved (like rosneft again). Heck, Gazprom has more assets and foreign work than Rosneft, yet Rosneft has mich stronger finances.

Thats one factor , another is Gas has many competition compared to Oil specially the Shale Phenomena and hype

The President discussed with the head of "Rosneft" Igor Sechin year results and future projects. After it became known that Vladimir Putin signed a law on ratification of the Russian-Chinese intergovernmental agreement on expanding cooperation in the field of crude oil trade. Sechin called it a historic event in the economy.

"This year was a record for us - agreed the head of" Rosneft ". - In general, successfully completed the integration of new assets, the company has taken measures to implement international best practice management. We signed with all the top managers of the anti-corruption instruments. Implemented standards avoidance of conflict of interest ... This year we will extract oil equivalent of 240 million tons, including 207 million oil and gas. organic growth while - 9 million tons ", - said the head of the company.

"That figure, which gives us the right to say that it is the largest public company, it is for the extraction of crude oil, or a combination of both types?" - Said the president.

"Oil production - said Sechin. - In the production of oil reserves and we really are a public company is number one in the world."

"How are the stocks now" Rosneft "?" - Asked Putin.

"As a result of exploration reimburse about 108 percent for the year - said the head of the company. - We produce 207 million tons, about 222 million as a result of exploration, we increment reserves. So we have a refund exceeds the prey."

"It's okay", - the president nodded.

"And last year the company's capitalization has grown, if you take the same date last year, about 20 percent," - said Sechin.

"Stocks do not remember what? - Said the head of state. -  

If an exact figure can not remember now - better not say. And now begin research on the subject." Sechin over the material. "Inventories in billions of barrels - 29.6. On the second place - Exxon Mobil, 25,2", - the president read.

Head of "Rosneft" also listed international projects - 35 of them in, and spoke about the work with partners. "We just recently signed a supplementary agreement with Exxon on a pilot project to hard-to-deposits. This is the Russian Federation. Similar documents similar projects we promote a company Statoil. It is about improving the recovery factor in the Stavropol region. Virtually all work" - said the head of the company.

"We made big steps now, in collaboration with the People's Republic of China" - recalled the importance of the project, Vladimir Putin. Expressing gratitude for the support of the negotiations, Sechin reported that the Duma ratified an intergovernmental agreement to increase the supply of oil to China. "This is a historic event in the world economy, because the total amount of the contract provides for delivery until 2038 and the contract in terms of value reaches $ 270 billion. The aggregate effect of the budget will be about 12 trillion rubles for the whole period of delivery" - said he details. "Unique contract - allows Russia to hold a special position in the Asia-Pacific markets," - told journalists after the meeting Sechin. China it will provide energy security and Russia guarantees marketing materials - exports - 31 million tons of oil per year.

"And you decided to transport problems? Agreed with" Transneft ", the other members?" - Said the head of state. "Today we have just signed a new agreement with" Transneft "for the supply of services in the next year, both in oil and oil products. All these issues have been resolved we" - Sechin reported.

"And something else lronburg ship?" - Asked the President. "By rail we supply very much. Those solutions to curb tariffs, which are accepted by the government, of course, directly affect the efficiency. We are asked to support this line of work", - concluded the head of "Rosneft".

In a joint project for the construction of Tianjin Petrochemical Refinery will develop direction. Tianjin refinery is able to process 13 million tons of oil per year, of which about 9 million tons of Russian crude will be. Oil tankers will be delivered to the terminal port of Tianjin.

By the way, supplies began in 2013. But in general, at the height will be up to 31 million tons.

Meanwhile, the bar in the 50 million tons of crude oil exports to China also forces "Rosneft", said earlier its head, Igor Sechin. According to him, today the company has the necessary resources, and Russia - the necessary transport infrastructure, including ESPO and removal to China. On the challenge of ESPO, according to experts, "Rosneft" can additionally supply China 1-2 million tons of oil per year.

Contract with the Chinese side will bring federal budget 12 trillion rubles for the whole delivery period. "Approximately 6.5 trillion rubles - taxes and fees from our company and 5.3 trillion rubles - budget revenues as a result of ordering the equipment, the supply of services for the development of fields, and for the transport involved in this work," - reported to the head of "Rosneft" Igor Sechin .

Viktor wrote:
The volume of oil production in Russia in 2013 was a record year with 1990

Austin wrote:

Viktor wrote:
The volume of oil production in Russia in 2013 was a record year with 1990

http://voiceofrussia.com/news/2014_01_09/Russian-oil-production-rose-to-523-2-mln-tonnes-in-2013-Energy-Minister-3377/
http://en.itar-tass.com/economy/714017

So Russia sold 523.2 million Tons of Oil in 2013 , Average Price of Ural was $107.88 .

So sales of total oil alone earned Russia $564.42  billion Dollar   

I dont know how much they got selling Gas and other minerals.

Where did the money go ? Answer Vlad Answer   

Viktor wrote:Roughly half of that money (172 bin $ from oil)  goes to Russian budget which together with gas part makes 50% of Russian budget.

zg18 wrote:Federal budget to be precise , consolidated budget depends cca. 25% on taxing energy exports.

Viktor wrote:Im not following, can you explaine what do you mean?

Viktor wrote:

zg18 wrote:Federal budget to be precise , consolidated budget depends cca. 25% on taxing energy exports.

Im not following, can you explaine what do you mean?


Production of gas is up 2% also   

Russia’s gas production in 2013 up by 2% on 2012