Russian Oil and Gas Industry: News

If China buys more oil from Russia, that who will be the loser? Saudi becomes the biggest loser.

Here are some links to understand this trend:


Russia Pips Saudi Arabia in Race to Grab China Oil Market Share : http://www.bloomberg.com/news/articles/2015-06-23/russia-pips-saudi-arabia-in-race-to-grab-china-oil-market-share

Just in 2014, Russia incerased dramatically while Saudi stagnated and shold be lower again in 2015.

The following table shows the latest data for Chinese crude oil imports by country:
http://topforeignstocks.com/2015/02/18/chinese-crude-oil-imports-by-country/

This is a great overview:

WITH CHINA CRASH, SAUDI ARABIA HEMORRHAGING CASH: http://www.breitbart.com/big-government/2015/08/14/with-china-crash-saudi-arabia-hemorrhaging-cash/ ( PS:- China economy isn't crashing )

max steel wrote:If China buys more oil from Russia, that who will be the loser? Saudi becomes the biggest loser.

Here are some links to understand this trend:


Russia Pips Saudi Arabia in Race to Grab China Oil Market Share : http://www.bloomberg.com/news/articles/2015-06-23/russia-pips-saudi-arabia-in-race-to-grab-china-oil-market-share

Just in 2014, Russia incerased dramatically while Saudi stagnated and shold be lower again in 2015.

The following table shows the latest data for Chinese crude oil imports by country:
 http://topforeignstocks.com/2015/02/18/chinese-crude-oil-imports-by-country/

This is a great overview:

WITH CHINA CRASH, SAUDI ARABIA HEMORRHAGING CASH: http://www.breitbart.com/big-government/2015/08/14/with-china-crash-saudi-arabia-hemorrhaging-cash/ ( PS:- China economy isn't crashing )

Russia has a great chance to screw evil Saudi Wahhabis over by covertly supporting the Houtis in Yemen by giving them weapons, that are able to hit their oil fields, this is dangerous but these Wahhabi bitches support terrorism in Russia and around Russia's borders. The price of oil will jump up.

helping the houtists will only make things worst because someone else help them since some time that means price of oil will be still lower cause that someone has the brain to tell the houtists not to hit the oil lines

victor1985 wrote:helping the houtists will only make things worst because someone else help them since some time that means price of oil will be still lower cause that someone has the brain to tell the houtists not to hit the oil lines

Russia can handle low oil prices much longer than many other oil producing states.

Certainly long enough to bury entire Middle East

PapaDragon wrote:

victor1985 wrote:helping the houtists will only make things worst because someone else help them since some time that means price of oil will be still lower cause that someone has the brain to tell the houtists not to hit the oil lines

Russia can handle low oil prices much longer than many other oil producing states.

Certainly long enough to bury entire Middle East

Indeed. It is clear now that the ruble devaluation has nullified the oil price drop as far as Russia's GDP is concerned.
But many in NATO have still not clued in.

magnumcromagnon wrote:Excellent write-up explaining why Russia's suspension from the G7 is a blessing in disguise:

Revisiting The Russia & G7 Divorce: How Moscow Came Out On Top

It indeed refreshing. But the whole USA supplying the EU with LNG "policy" is a stupid fantasy. The US does not have
170 billion cubic meters per year of gas export capacity. The US actually imports natural gas from Canada. Also the
USA has been on coal to gas conversion spree for its electricity generation (and this accounts for all the much
hyped pollution reduction). Then there are plans to use compressed natural gas to power the US transport fleet. All of
this consumption frenzy is predicated on the notion that tight gas reserves will last forever. This hype is completely
detached from reality. Not only does the USA not have the supply to meet its own needs given the increasing consumption
of gas, but it simply has no export capacity.

So Uncle Sam screws over the EU and leaves it with nothing. But EU-tards feel good when they actively hate Russia.
You get what you deserve, suckers.

Russian Gas May Flow to Italy Via Greece – Ex-Minister

A pipeline project to transport natural gas from the Caspian, East Mediterranean and Middle East areas to Italy and Europe through Turkey and Greece remains on the table, just like the one to pump Russian gas to Europe, Greek ex-Economic Minster said on Friday.

The project was discussed during talks with Russia on building a gas pipeline from Russia to Central Europe, said Panagiotis Lafazanis, the leader of the newly-formed Popular Unity Party and an active proponent of the project.

When asked if the construction of the pipeline from Greece to Italy, also known as Poseidon, was still an option, Lafazanis said: “Of course. It is a very good project and, as far as I know, the Italians think so too. The project is vital for entire Europe and I hope that they will see it through because if they don’t this would be bad for all of us in Europe.”

As to the Russian pipeline, it will run to Turkey, Greece and further on to Central Europe and preferably also to Italy, Lafazanis said.

“This would connect Russia with southern Europe and ensure secure and stable supplies at an affordable price,” he added.

"Russia is an important part of Europe and it cannot and should not be isolated. The sanctions imposed on Russia are bad for all Europeans and they must end. We need good relations with Russia and we must expands them as much as we possibly can,” Panagiotis Lafazanis said in conclusion.

Read more: http://sputniknews.com/europe/20150918/1027200708/russia-italy-gas-minister.html#ixzz3mK6PmyTq

Construction of Yamal LNG plant (pics and videos):

http://sdelanounas.ru/blogs/68018/

Greece to go ahead with extension of turk stream pipeline
http://tass.ru/en/economy/823165

That is, if and when Turks actually agree to pipeline.

Russian drilling rig has successfully passed the first test in Ugra

And here we have it - for all the naysayers about Russias rig drilling capabilities - we now have full word of success on domestic drilling rigs.

Thanks Obama!

How Russia’s Oil Companies Are Defying Sanctions and Low Oil Prices

Just an Oil Company? The True Extent of Russia’s Dependency on Oil and Gas

Austin wrote:Just an Oil Company? The True Extent of Russia’s Dependency on Oil and Gas

Carnegie is a Trojan outfit that sponsors the liberast lunatic fringe as part of the US soft power projection.

The above article is totally false in its numbers. As of 2013 the total contribution of the oil and gas industry
to Russia's GDP was 13%. You can calculate this yourself. Take the total exports for that year of oil and
gas in dollars and compare them to the nominal GDP in dollars. This is the actual injection of money
from this industry into Russia's GDP. The part driven by domestic consumption from this industry is much smaller
and does not affect the 13% much.

The article would have you believe that any recycling of this oil and gas money in the Russian GDP has to
be counted as part of that industry. This is ludicrous. By the same "logic" any recycling of money from
any industry has to be counted as part of that industry. Since there is continual exchange of money between
various industries that would mean you would multiple count their GDP contribution. And when you added
them all up they would sum to several times the actual GDP. This is not how the GDP is calculated, including
in the case of the USA, Canada, etc.

The GDP only counts the instantaneous exchanges in the economy and does not accumulate exchanges and
attribute them to their origin point.

The Carnegie clown is just bitter that oil and gas exports and state rents bring in cash into Russia's economy and
raise its standard of living. Anyone who prances around and claims that the oil price will never go up and will only
go down is certifiably mentally retarded. And we also know that the ruble devaluation has cancelled out the impact
of the oil price decline on Russia's GDP since Russia's GDP operates in rubles and not dollars.

Carnegie? really?

Well, lets see, where are their figures from?  Did you write those figures themselves?  I don't see anything regarding of where their data comes form.  And then it goes into contradiction of what has been said many times before, with evidence through other groups and I believe even official data.

http://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS

According to the world bank, in 2013, it accounted as 14% of Russia's GDP. This has been posted on the Gas and oil dependency thread.

So who are you going to believe? An official group like world bank, which is backed up by the awara group: http://www.awaragroup.com/putin-2000-2014-midterm-interim-results/

or

https://en.wikipedia.org/wiki/Carnegie_Group

A group that clearly has an agenda?

Russian Ministry of Economic Development against increase of tax burden on oil companies

The Finance Ministry has come up with a proposal of changing the Mineral Extraction Tax (MET) calculation procedure

MOSCOW, September 24. /TASS/. The Russian Ministry of Economic Development does not support increase of the tax burden on oil and gas companies in conditions of low prices for hydrocarbons, the press service of the ministry told TASS on Thursday.

"Increase of the tax burden may result in companies’ investment cut, which will adversely affect related branches of industry," the press service said.

The ministry is currently considering various options of adjusting the natural gas tariffs, particularly below 7.5%, the press service added.

Final options of tariffs adjustment will be determined on the basis of the economic situation, the press service said.

Russia to start producing world’s first gas-fueled locomotives next year

Take it up with Germans, I am sure they will be very forthcoming...

Polish President Claims Nord Stream-2 Construction Must Be Stopped

http://sputniknews.com/europe/20151007/1028177303.html

Polish President Ardrzej Duda said that Russia’s Nord Stream-2 pipeline, which is intended to connect Russia and Germany through the construction of two new pipeline branches, is of great political significance.

MOSCOW (Sputnik) — Polish President Ardrzej Duda said Wednesday that he believed that the construction of the Russia-initiated Nord Stream-2 gas pipeline should be stopped.

"We must do everything to stop the additional branches of the pipeline from being built," Duda said in an interview with the Hungarian MTI news agency....................

Tears, delicious tears, yum,yum...

PapaDragon wrote:
Take it up with Germans, I am sure they will be very forthcoming...

Polish President Claims Nord Stream-2 Construction Must Be Stopped

http://sputniknews.com/europe/20151007/1028177303.html

Polish President Ardrzej Duda said that Russia’s Nord Stream-2 pipeline, which is intended to connect Russia and Germany through the construction of two new pipeline branches, is of great political significance.

MOSCOW (Sputnik) — Polish President Ardrzej Duda said Wednesday that he believed that the construction of the Russia-initiated Nord Stream-2 gas pipeline should be stopped.

"We must do everything to stop the additional branches of the pipeline from being built," Duda said in an interview with the Hungarian MTI news agency....................

Tears, delicious tears, yum,yum...  

Clearly a top notch diplomat, he really knows how to make friends with the Germans!

Looks like a bit of pressure on Turkey.

MOSCOW (Sputnik) — The gas from the proposed Nord Stream-2 pipeline could also be supplied to the southeastern European countries through the Baumgarten gas hub, CEO of Russian energy company Gazprom Alexei Miller said Thursday. "Yes, they could also be supplied [with gas] from Baumgarten," Miller told journalists, when asked the corresponding question.

According to Miller, the Nord Stream-2’s main markets are Germany, France, Italy and the Baumgarten hub in Austria.

In June, Gazprom announced plans to build two additional branches of the Nord Stream gas pipeline from Russia to Germany in a joint project with E.ON, Shell and OMV, with an estimated cost of €9.9 billion (over $11 billion). The Nord Stream-2 project, which plans to use the original Nord Stream pipeline for 86-percent of the route before branching off, could provide up to 55 billion cubic meters of direct gas supplies from the Russian shores through the Baltic Sea to the coast of Germany.

Read more: http://sputniknews.com/business/20151008/1028235773/Nord-Stream-2-Gas-toSoutheastern-Europe.html#ixzz3o0erH2Sn

higurashihougi wrote:Ooooops

https://www.rt.com/business/318097-russia-stocks-oil-ruble-syria/

Russian military operation in Syria bolsters oil market, domestic stocks

So they were right all along, war really is good for business...

PapaDragon wrote:

higurashihougi wrote:Ooooops

https://www.rt.com/business/318097-russia-stocks-oil-ruble-syria/

Russian military operation in Syria bolsters oil market, domestic stocks

So they were right all along, war really is good for business...

Let's not become the US now, only if Russia supported the Houthis in Yemen, the price of oil will also go up.

Hope and prosperity for the future.

The Arctic Region boasts oil and gas reserves similar to those of Western Siberia.

According to preliminary estimations, the Arctic reserves have nearly 100 billion tons of fuel, Alexei Kontorovich, Director of the Institute of Petroleum Geology and Geophysics of the Russian Academy of Sciences, told journalists. "As for oil and gas reserves, the Artic is the new Western Siberia. According to geologists, the reserves have 100 billion tons of fuel – oil and gas. But the proportion of oil and gas is a point for discussion," he said.

Kontorovich added that currently the reserves are believed to 80 percent gas. "Now it is premature to make conclusions. I think the share of oil could increase," he said. Currently, the institute is exploring vast Arctic territories, including the areas from the Pechora Sea and the Barents Sea to the mouth of the Lena River. These are the regions which are now thought to be the largest oil fields.

Kontorovich underscored that Russia’s two largest energy companies – Rosneft and Gazprom – are also actively involved in the exploration, but they do not share information with scientists.

Read more: http://sputniknews.com/russia/20151012/1028418822/russia-arctic-oil.html#ixzz3oN4mFP77