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    Russian hydrocarbon (Oil and Gas and Coal) Industry: News #4

    Kiko
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    Post  Kiko Fri Aug 18, 2023 8:43 am

    Brazil to import record amount of Russian fuel in August, 08.18.2023.

    In recent months, Brazil has become the second largest buyer of Russian diesel in the world.

    Brazil is set to import a record amount of Russian fuel this month as Moscow seeks to build new markets following a European Union ban over the war in Ukraine, Bloomberg reports. The publication points out that imports of Russian oil products are expected to increase by 25% compared to July, reaching about 235,000 barrels per day, according to data from energy analysis company Kpler Ltd. In recent months, Brazil has become the second largest buyer of Russian diesel in the world, behind only Turkey.

    Brazil began significantly ramping up purchases in February, the same month the EU banned Russian imports and joined other group of Seven nations in imposing a ceiling on Russian fuel prices. The measures have lowered Russian fuel prices.

    The price limit for Russian premium oil products, such as diesel, is set at$100 per barrel, while the ceiling for discounted fuel is$45 per barrel. The purchase of Russian diesel reduced Brazil's import prices of the fuel by about$10 to$15 per barrel. Since June, Russia has also started supplying gasoline to Brazil, albeit on a much smaller scale.

    Yandex Translate from Portuguese

    https://www.brasil247.com/mundo/brasil-deve-importar-quantidade-recorde-de-combustivel-russo-em-agosto

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    owais.usmani


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    Post  owais.usmani Sun Aug 20, 2023 9:20 am

    https://www.novatek.ru/ru/press/releases/index.php?id_4=5927

    Installation of the first line of Arctic LNG 2 on the Gydan Peninsula completed


    PJSC NOVATEK announced the completion of the installation of a gravity-based gas liquefaction line on a prepared offshore base in the water area of ​​the Utrenny terminal on the Gydan Peninsula — the first stage of the Arctic LNG 2 large-capacity LNG plant. The process line is being connected to onshore gas production facilities to complete commissioning and launch LNG production.

    The production line with a capacity of 6.6 million tons of LNG per year was towed by sea from the Center for the Construction of Large-Tonnage Offshore Structures (TsSKMS) in the Murmansk Region to the Gydan Peninsula and installed on a prepared offshore base in the coastal zone. The unique offshore platform towing operation was completed in just 22 days. The platform weighs 640,000 tons and is the heaviest moving object in the history of the global LNG industry, with a length of 330 m, a width of 152 m and a height of 90 m.

    The line consists of a gravity-type concrete base with LNG and gas condensate storage tanks, on which topside modules with process equipment for the production and shipment of LNG and stable gas condensate are mounted.

    An important stage in the implementation of the Arctic LNG 2 project has been completed - sea towing of the LNG production line fully assembled at TsSKMS and its installation at the Utrenny terminal. The applied innovative concept of construction on gravity foundations allows for the rapid commissioning of new gas liquefaction facilities and reduces capital costs. A unique advantage of the production base of TsSKMS in the Murmansk region is the ability to mass-produce liquefaction lines: now the second stage of construction of the second line of the Arctic LNG 2 project is underway, and work on the concrete foundation of the third line is already beginning.

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    JohninMK
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    Post  JohninMK Wed Aug 30, 2023 11:47 pm

    I am not sure if this has been linked before, it was uploaded 2 months ago, but it is taking us back to the 2022 Nordstream explosions. A physicist analysing it from the perspective of it (the NS1 site) being a nuke explosion. He is pretty convincing.

    An interesting side effect of the shape of the Baltic sea floor is the site was chosen (within a kilometer) to send a shock wave that was amplified and hit Kaliningrad. An impact that the Russians would certainly have felt and been a threat to them from the US.

    https://rumble.com/v2w8r6k-nordstream-bomb-was-not-125kg-but-2.500.000kg.-it-was-a-mini2-nuke..html
    GarryB
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    Post  GarryB Thu Aug 31, 2023 3:43 am

    The problem with that is obviously that such a tiny nuke wont be a fusion bomb, it will be a fission bomb, which gives off enormous amounts of radiation that would be impossible to hide... also the sheer temperature of a nuclear blast would have ignited the gas and also an enormous superheated steam plume would have created an enormous mushroom cloud of steam... which clearly didn't happen.

    The pipes would have been irradiated and you could not get rid of that radiation for decades...
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    Post  owais.usmani Thu Aug 31, 2023 10:20 am

    https://www.globalwitness.org/en/press-releases/eu-imports-russian-lng-have-jumped-40-invasion-ukraine/

    EU imports of Russian LNG have jumped by 40% since the invasion of Ukraine


    EU countries are estimated to have spent nearly €5.3bn buying over half of all Russia’s LNG during the first seven months of 2023, with Spain and Belgium the second and third largest buyers worldwide

    Countries in the European Union are buying significantly more Russian liquified natural gas (LNG) now than they did before the invasion of Ukraine, with Spain and Belgium only just beaten by China as top buyers, according to Global Witness analysis of Kpler data. [1]

    Between January and July 2023, EU countries bought 22 million cubic meters of LNG, compared with 15 million cubic meters during the same period in 2021 – a jump of 40%. [2] Using Russian LNG prices estimated by the Centre for Research on Energy and Clean Air based on spot and monthly trade values, Global Witness projects the EU’s 2023 purchases to be worth €5.29 billion. [3]

    This is a much sharper rise than the global average increase in Russian LNG imports, which stands at 6%. EU countries now buy the majority of Russia’s supply, propping up one of the Kremlin’s most important sources of revenue. Between January and July 2023, the EU bought 52% of Russia’s exports, compared to 49% in 2022 and 39% in 2021.

    In March 2023, EU Energy Commissioner Kadri Simson urged member states and EU companies to stop buying Russian LNG. And Spanish Energy Minister Teresa Ribera asked Spanish buyers not to sign new Russian LNG contracts, calling the situation ‘absurd’.

    Recent research by Global Witness has revealed that Shell and TotalEnergies have continued to trade Russian LNG following the invasion. Global Witness analysis in July 2023 showed Total is the biggest non-Russian buyer of liquified gas from the country, buying nearly 4.2 million cubic meters of Russia’s LNG since the start of the year. And earlier Global Witness analysis revealed that between March and December 2022, Shell bought and sold 12 percent of all of Russia’s exports, over 7.5 million cubic meters of LNG.

    Spain is now the second largest buyer of Russian LNG worldwide, with Belgium close behind. During the first seven months of 2023, Spain took 18% of Russia’s total sales, while Belgium took 17%. China bought 20%. During the same period in 2021, Spain ranked 5th and Belgium 7th.

    Jonathan Noronha-Gant, senior fossil fuel campaigner at Global Witness said:

    “Europe’s fossil gas-based energy system is a climate disaster and security risk, funding warmongering regimes and fuelling deadly extreme weather. That national capitals are buying more LNG from Russia than before the war shows that we are simply not moving fast enough to replace gas with renewables. Governments need to wake up to the reality of our dependence on fossil gas and come up with an emergency plan for a full phase-out – starting with a ban on the trade of the Russian gas which is lining Putin’s pockets.

    “Buying Russian gas has the same impact as buying Russian oil. Both fund the war in Ukraine, and every euro means more bloodshed. While European countries decry the war, they ‘re putting money into Putin’s pockets. These countries should align their actions with their words by banning the trade of Russian LNG that is fueling both the war and the climate crisis”

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    ALAMO


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    Post  ALAMO Thu Aug 31, 2023 11:02 am

    The question arises, how much of remaining LNG deliveries are reinvoiced Russian LNG pretending to be some other Laughing
    With coal, they didn't even bother a while ago, and "South African coal" was openly loaded at the Novorossiysk terminal.

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    higurashihougi
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    Post  higurashihougi Thu Aug 31, 2023 12:08 pm

    AFP (France) and other pro-Western outlets just announced that net income of Gazprom decreased 8-fold, "net profit for January-June 2023 fell to 296 billion rubles ($3.1 billion) from 2.5 trillion rubles over the same period last year."

    Some people said that the EU governments are determined to cut Russian gas and oil revenue, even at the expense of EU's own citizens (EU force their own people to reduce gas spending and suffer horribly under freezing weather, etc etc).

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    caveat emptor
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    Post  caveat emptor Thu Aug 31, 2023 4:32 pm

    higurashihougi wrote:AFP (France) and other pro-Western outlets just announced that net income of Gazprom decreased 8-fold, "net profit for January-June 2023 fell to 296 billion rubles ($3.1 billion) from 2.5 trillion rubles over the same period last year."

    Some people said that the EU governments are determined to cut Russian gas and oil revenue, even at the expense of EU's own citizens (EU force their own people to reduce gas spending and suffer horribly under freezing weather, etc etc).

    Last year was anomaly, as prices were record high with high volumes. With that said, Gazprom gas production is about 15% down this year (reduction coming mostly from Bovanenkovo), since European volumes declined substantially.
    Most likely, when the war is over volumes to Europe will increase, as current situation is not beneficial for both sides and significant deliveries to China will take another decade, at least.
    GarryB
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    Post  GarryB Fri Sep 01, 2023 6:32 am

    “Buying Russian gas has the same impact as buying Russian oil. Both fund the war in Ukraine, and every euro means more bloodshed. While European countries decry the war, they ‘re putting money into Putin’s pockets. These countries should align their actions with their words by banning the trade of Russian LNG that is fueling both the war and the climate crisis”

    Funding and arming Kiev has done more to fuel this conflict than anything Russia did.

    Most likely, when the war is over volumes to Europe will increase, as current situation is not beneficial for both sides and significant deliveries to China will take another decade, at least.

    Actually I suspect Russia is waiting for a cold winter in Europe and might further reduce their energy supplies to the region.

    Russia should never supply Europe first and cheapest ever again, because the last time they did that the wealth and surplus that created in Europe was used to try to destroy the Russian economy and kill Russian soldiers.

    They can stop this conflict any time they please simply by cutting funding and supplies to Kiev, but they wont... and because they wont, Russian soldiers continue to get killed... do they think when this ends it is just going to be business as usual...

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    higurashihougi
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    Post  higurashihougi Fri Sep 01, 2023 8:54 am

    caveat emptor wrote:
    higurashihougi wrote:AFP (France) and other pro-Western outlets just announced that net income of Gazprom decreased 8-fold, "net profit for January-June 2023 fell to 296 billion rubles ($3.1 billion) from 2.5 trillion rubles over the same period last year."

    Some people said that the EU governments are determined to cut Russian gas and oil revenue, even at the expense of EU's own citizens (EU force their own people to reduce gas spending and suffer horribly under freezing weather, etc etc).

    Last year was anomaly, as prices were record high with high volumes. With that said, Gazprom gas production is about 15% down this year (reduction coming mostly from Bovanenkovo), since European volumes declined substantially.
    Most likely, when the war is over volumes to Europe will increase, as current situation is not beneficial for both sides and significant deliveries to China will take another decade, at least.

    Honestly speaking, I am a bit concerned. Objectively speaking, is it a not a big issue, and in the unfortunate case if it is, at which level it may affect Russian budget income, economy and people's welfare in general and what is Kremlin's response to the situation. Question Question Idea
    GarryB
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    Post  GarryB Fri Sep 01, 2023 12:55 pm

    But an interesting development is taht the changes made with the conflict in Ukraine has allowed Russia to clean house so exported Russian oil and gas will actually go to Russia and not foreign owners so even a drop of 50% in revenue is still a huge boost to the Russian economy... watch this:

    caveat emptor
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    Post  caveat emptor Fri Sep 01, 2023 4:48 pm

    higurashihougi wrote:
    Honestly speaking, I am a bit concerned. Objectively speaking, is it a not a big issue, and in the unfortunate case if it is, at which level it may affect Russian budget income, economy and people's welfare in general and what is Kremlin's response to the situation. Question Question Idea

    Generally speaking, budget income will feel ramifications from two sides. One is that they will collect less export taxes and second is that dividend from Gazprom (where state owns roughly half of the shares) will be lower. Dividend payments go directly to budget. Economy will suffer in that Gazprom will have lower capex spending, which was always very substantial, even if not most efficient.

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    Post  caveat emptor Fri Sep 01, 2023 5:15 pm

    GarryB wrote:
    Russia should never supply Europe first and cheapest ever again, because the last time they did that the wealth and surplus that created in Europe was used to try to destroy the Russian economy and kill Russian soldiers.

    They've chosen to supply gas to European markets at the prices they did for three reasons. First was that they preferred long term contracts with fixed price instead of selling at the prevalent market price. It made planning of export and budget revenues easier in the long run. Second reason was that they went for increased market share instead of maximizing profits with less exports. Third is that pipeline exports are preferred over LNG and that they didn't ( and still don't have sufficient export volumes via LNG). As for making Europe first option, there was really no second option. In a sense there still isn't for gas produced in Yamal. Gas for China goes from completely different sources.
    They were not made to sell gas for "cheap" prices, it was government decision.
    Winners of current clash are US, Norway, Algeria and other natgas exporters to EU, while losers are EU and Russia. As simple as that.

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    Post  caveat emptor Fri Sep 01, 2023 5:36 pm

    GarryB wrote:But an interesting development is taht the changes made with the conflict in Ukraine has allowed Russia to clean house so exported Russian oil and gas will actually go to Russia and not foreign owners so even a drop of 50% in revenue is still a huge boost to the Russian economy... watch this:


    Misleading, low quality video, as per usual from this source. Japanese kept 30% of the project, as did Indians keep their 20%. Since Rosneft owned 20% before Exxon withdrawal, Russian gov owns 50% including RN part. Video made it sounds like Russia now owns whole project, even if they quoted ownership structure in the beginning.

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    GarryB
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    Post  GarryB Sat Sep 02, 2023 4:51 am

    They've chosen to supply gas to European markets at the prices they did for three reasons. First was that they preferred long term contracts with fixed price instead of selling at the prevalent market price. It made planning of export and budget revenues easier in the long run. Second reason was that they went for increased market share instead of maximizing profits with less exports. Third is that pipeline exports are preferred over LNG and that they didn't ( and still don't have sufficient export volumes via LNG).

    And that all made sense before, but European customers stopped going for long term contracts which blows reason one. Selling gas cheaply means it would be widely used so money would be made on volume sales rather than high margin sales per unit of product. A pipe is more efficient but pipes can be built and infrastructure for shipping and ships can be built too. They had pipes to Europe that went no where else and Europe believed they could use that against Russia and bully them into short term contracts to then use the fluctuation of the gas prices at different times of year to buy when it is cheap and use stored gas when it was expensive. What they didn't expect was that Russia might refuse to sell gas when the prices dropped too far.

    Europe was getting cheap energy and those censored  still tried to manipulate things and bully Russia to get it even cheaper.

    Russia didn't have the infrastructure to ship gas to other potential customers and they are still in the process of sorting that out so revenue will be down a little but they are still making good profits considering their current situation... and as BRICS expands things will only get better, while the situation for the west is getting worse.

    Kiev wants 160 F-16s by summer...

    As for making Europe first option, there was really no second option. In a sense there still isn't for gas produced in Yamal. Gas for China goes from completely different sources.

    Russia should set up industry in that region and use the cheap gas to power it... things like fertiliser too can be based there... use the raw materials to create value added products and sell the value added products to the world. Invest in hydrogen technology and develop pipelines that can transport hydrogen gas in some form and they can transition to zero fossil fuels eventually too.

    They were not made to sell gas for "cheap" prices, it was government decision.

    It was corruption bought and paid for.

    Winners of current clash are US, Norway, Algeria and other natgas exporters to EU, while losers are EU and Russia. As simple as that.

    I disagree, this is going to break up the west and separation from the west is the best possible result for Russia... they would have dragged her down and corrupted her too.

    The US looks OK because they can print their way out of it... but for how long?

    They have made their currency appear unreliable... which it is... the point of an international trade currency is that it be safe and reliable and the US dollar is no longer either for a growing number of countries.

    Misleading, low quality video, as per usual from this source. Japanese kept 30% of the project, as did Indians keep their 20%. Since Rosneft owned 20% before Exxon withdrawal, Russian gov owns 50% including RN part. Video made it sounds like Russia now owns whole project, even if they quoted ownership structure in the beginning.

    They have gone from perhaps 12% to 50% ownership, that is a huge change and the American and British companies are out... how long before Japan gets the push too... they are being their usual hostile selves...

    And it is not just this, there are dozens of situations where companies based in Cyprus own power stations and heating plants in Russia who are suddenly finding taxation agreements being ended so they are now paying double taxes and closing their HQs in Cyprus means foreign owners can no longer steal money from the Russian economy.
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    Post  owais.usmani Sat Sep 02, 2023 9:10 am

    https://minfin.gov.ru/ru/press-center/?id_4=38643-o_srednei_tsene_na_neft_marki_urals

    The average price for Urals oil in January-August 2023 was $56.58 per barrel, in January-August 2022 - $82.13 per barrel.

    The average price for Urals oil in August 2023 was $74.0 per barrel, which is 1.001 times lower than in August 2022 ($74.73 per barrel).

    North Sea Dated oil price in August 2023 was $86.20 .

    Price cap working pretty well I say. Wink
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    Post  flamming_python Sat Sep 02, 2023 10:50 am

    The price cap depressed prices for a while but the market soon adjusted as the inevitable deficit hit.

    The real story is China's lack of growth, which is what is depressing prices now.

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    caveat emptor
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    Post  caveat emptor Sat Sep 02, 2023 4:28 pm

    GarryB wrote:
    It was corruption bought and paid for.

    Corruption by whom? Gazprom has a monopoly on pipelined natgas exports and it is controlled by Russian government.  Alexei Miller has been running the place for last 20+ years. They are calling shots in nathas contract prices and deliveries.


    I disagree, this is going to break up the west and separation from the west is the best possible result for Russia... they would have dragged her down and corrupted her too.

    I don't think Russia needs help in getting corrupted.  It is doing just fine in that department on its own. 😀


    And it is not just this, there are dozens of situations where companies based in Cyprus own power stations and heating plants in Russia who are suddenly finding taxation agreements being ended so they are now paying double taxes and closing their HQs in Cyprus means foreign owners can no longer steal money from the Russian economy.
    Companies in Cyprus are mostly owned by Russians and not foreigners.
    Ex-owner of power stations that was ripping off Russian citizens by price gouging, that you mentioned, is actually Russian minister for 6 years in Medvedev's cabinet.

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    Post  GarryB Sun Sep 03, 2023 5:44 am


    Corruption by whom? Gazprom has a monopoly on pipelined natgas exports and it is controlled by Russian government. Alexei Miller has been running the place for last 20+ years. They are calling shots in nathas contract prices and deliveries.

    Russia gave Europe good low prices to be nice and Europe returned the favour with nazis in Ukraine and hostility from Georgia and the Baltic states and attempts to damage both Russia and Belarus and ever stan they could.

    The people signing deals with the west thought they were doing them a favour and would get better treatment in return, but like all promises from the west they should have gotten it in writing... not that that would matter much anyway.

    I don't think Russia needs help in getting corrupted. It is doing just fine in that department on its own.

    The 1990s saw a flood of western experts to show Russians how to steal and cheat like the professionals the west are. Most corruption in the third world was created and promoted by western companies and governments because a million dollar bribe to one man to steal trillions in resources for peanuts is cheaper than paying market value for products... and letting the country the resources come from get richer.

    Companies in Cyprus are mostly owned by Russians and not foreigners.

    Bullshit... the boards are made up of rich people from all over the western world... the Cyprus papers will be vastly more interesting than the Panama papers ever were... but dominated by names from very rich western families as usual.

    Ex-owner of power stations that was ripping off Russian citizens by price gouging, that you mentioned, is actually Russian minister for 6 years in Medvedev's cabinet.

    And which western rich people funded his purchase in the first place and what was their cut... or was it CIA money?

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    Post  caveat emptor Sun Sep 03, 2023 2:48 pm

    You are either deeply delusional or just trolling. In any case, further "conversation" is pointless.

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    Post  GarryB Mon Sep 04, 2023 1:37 pm

    Of course... all the corruption in the 1990s was Russias fault and Russian people are to blame.

    People like Bill Clinton and Bill Browder are innocent and are actually victims of the evil of Russia during that period, which is why they have been working so hard and so long to bring that Russia back...

    Even India is trying it on complaining that Russian discounts on oil are ending and that they will stop buying any if they don't get a good discount from Russia... will Russia give in like they did to the west for all these years or have they learnt their lesson?

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    Post  JohninMK Thu Sep 07, 2023 3:49 pm

    Interesting graphic showing distribution of Russian oil worldwide, inc. increase in sales to India and China, the two main customers at this point.

    Russian hydrocarbon (Oil and Gas and Coal) Industry: News #4 - Page 28 B1p7lJ9

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    Russian hydrocarbon (Oil and Gas and Coal) Industry: News #4 - Page 28 Empty Re: Russian hydrocarbon (Oil and Gas and Coal) Industry: News #4

    Post  GarryB Fri Sep 08, 2023 3:57 am

    I saw a video stating that Russia is investing in storage capacity so they have better control over oil sales and can choose to stop selling for periods and just put the oil being produced into storage for sale or use later on.

    Oil is not something you can turn on or off like a light switch, and if you stop it there is no guarantee it will turn on again and work the way it was working before.

    Being able to store vast volumes of oil will make them better able to respond to countries that make threats to not buy what they had been buying to try to squeeze Russia into making sales on less beneficial terms.

    here it is...

    flamming_python and Hole like this post

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    Russian hydrocarbon (Oil and Gas and Coal) Industry: News #4 - Page 28 Empty Re: Russian hydrocarbon (Oil and Gas and Coal) Industry: News #4

    Post  caveat emptor Fri Sep 08, 2023 2:45 pm

    Better thing would be to start seriously investing in downstream capacities and petrochemical complex, which is shamefully inadequate considering world class assets in hydrocarbons country possesses.
    Especially, Rosneft is bad in that sense. Arguably, worst run hydrocarbon producer in Russia. Instead of being Russian version of Aramco it is closer to NNPC.

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    Post  caveat emptor Fri Sep 08, 2023 3:02 pm

    GarryB wrote:


    Another amateurish video. Especially funny is "now we are going to show them" theme that permeates every their video.

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