''''Russia abandons hope of oil price recovery and turns to the plough''
http://www.telegraph.co.uk/finance/economics/11929969/Rouble-strengthens-as-Russia-forces-exporters-to-dump-foreign-cash-reserves.html
sepheronx wrote:Yeah, they cut from proposed 4 lines to 2 for Turkey. I doubt there will be a Power of Siberia 2 pipeline and just the one, as gas is real cheap now and China would be gaining from it but so far no bite. I think a mixture of Turk stream, Nord Stream 2 and Power of Siberia should be enough. I think at this point, Russia should concentrate then by more LNG development, more petrol plants (apparently Russia wont have enough petrol for the demand. So another petrol plant or two is ideal. They could even export petrol more). And green Energy.
More than 300 million rubles invested JSC "Transneft-Upper Volga" in the creation and production center in Nizhny Novgorod. As part of the import substitution program of OJSC "AK" Transneft "facility will produce advanced equipment for the oil and gas industry - cabinets line remote control and automation systems, which were previously purchased abroad. This equipment allows you to control the process of transportation of oil and petroleum products by pipelines of the country.
In 2015, the production center already has made in test mode 37 linear telemechanics cabinets. Currently, the factory has successfully conducted tests of the prototype information processing system (SDI) system for measuring the quantity and quality of crude oil (LACT). Under development of documentation and preparation for the tests to metrological certification of this system for commercial accounting.
In 2016, it planned to release more than 500 cabinets line of remote control and automation systems 24 units of measurement quality (BIC), 9 SDI SIKN 13 automation systems for boilers. In 2017 it is planned to build a prototype microprocessor automation system head NPC. By this time, it will create nearly one hundred new jobs for highly skilled employees, where the average salary is 75 thousand rubles.
Austin wrote:sepheronx wrote:Yeah, they cut from proposed 4 lines to 2 for Turkey. I doubt there will be a Power of Siberia 2 pipeline and just the one, as gas is real cheap now and China would be gaining from it but so far no bite. I think a mixture of Turk stream, Nord Stream 2 and Power of Siberia should be enough. I think at this point, Russia should concentrate then by more LNG development, more petrol plants (apparently Russia wont have enough petrol for the demand. So another petrol plant or two is ideal. They could even export petrol more). And green Energy.
Thanks , I wonder if Russia has so much Gas , Why dont they just make a target by 2030 to move every thing on Gas like Gas Electricity , Trains , Vehical , Fuel Energy etc
Arctic is said to have 100 billion tons but 80 billion ton is just gas , So much of Green Fuel
I just havent heard of cars running off of natgas besides custom kit cars or mods. I also imagine cold climates like in Russia or Canada can be problematic when the gases condense. So they may need to be constantly plugged in during cold season. Some are also afraid of combustion as well.
Austin wrote:This has long deep analysis , have a look
Will Russia Survive the Oil & Gas Downturn?
Austin wrote:50 % is what even Medvedev quoted recently.
BTW sepheronx I see you reply immediately are you always online on RDF ?
Rmf wrote:thats no true no cofrontation just switching sidedes a bit, russia is exporting less to europe but more to china ,so china reduced import from saudi arabia...
because of that saudi now export more to europe the oil they have.
Austin wrote:50 % is what even Medvedev quoted recently.
BTW sepheronx I see you reply immediately are you always online on RDF ?
kvs wrote:Austin wrote:50 % is what even Medvedev quoted recently.
BTW sepheronx I see you reply immediately are you always online on RDF ?
You are clearly trolling.
http://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS
In 2013, the oil sector was 13.7% of Russia's GDP. As both the ruble and oil have devalued this year
this number is not going to be 27.4%, so the percentage will be around 15%.
BTW, Russia collects oil and gas taxes in rubles and not dollars. So the currency exchange
fall has destroyed most of the effect from falling oil prices. When I read all the various NATO hate
media stories on this subject it appears that they all assume that 50% drop in oil prices translates
into 50% lower oil taxes. What f*cking retards blinded by hate and prejudice.
The reason Russia has a deficit is because of the GDP drop. Not because of the oil price drop. The
Russian GDP drop has nothing to do with the oil price drop but everything to do with the inflation
shock after the ruble devaluation. Ironically, the devaluation of the currency has offset the oil
price drop.
Viktor wrote:Nice![]()
"Gazprom" intends to supply LNG to Pakistan
"Rostec" to build a gas pipeline in Pakistan
"Gazprom" has a program of import substitution in conjunction with the 19 regions of the Russian Federation. This was said in a statement after a meeting of the board of directors dedicated to import substitution.
The share of Russian producers in the total volume of purchases of "Gazprom" is about 95%, the company said.
MOSCOW, October 21 - RIA Novosti. The Russian company "Zarubezhneft" intends to establish in Argentina, production of equipment for oil production, said Russian President Vladimir Putin talking with Argentine President Cristina Kirchner via teleconference.