Tag Archives: Igor Sechin

In August. Russia pumped 11.21 million barrels of crude daily. almost the same as the July daily production rate.

The refinery is expected to cut Turkey'.s current account deficit by $1.5 billion.

STAR refinery will produce naphtha. ultra-low sulfur diesel. aviation kerosene. petroleum coke. liquefied gas and other products.

The loss of Iran could pull millions of barrels off the market at a time when spare capacity is at a premium.

Rosneft reported a sevenfold increase in its net profit for the first quarter of this year on the back of higher oil prices.

Rosneft is Germany’s third biggest oil refining market player. with aggregate capacity of 12.5 million tonnes a year.

Sakhalin-1 is operated by Exxon Neftegaz Ltd. through which ExxonMobil owns 30 percent in the project.

Rosneft supplies Germany with fuel via petrol stations operated by its partners BP and Total.

Sechin said last month he was satisfied with oil prices rising to $70-$80 per barrel.

Earlier this year. Qatar agreed to increase its stake in Rosneft to almost 19 percent.