Tag Archives: Russia

Lukoil commenced commercial production at the field in 2010 and the development was carried out in two stages.

Gazprom planned to borrow 417 billion rubles. one third of the amount needed for the construction (1.2 trillion rubles).

Germany is taking every effort to implement the Russian-European Nord Stream 2 project.

The Nord Stream 2 line has faced criticism because it would allow Gazprom to bypass Ukraine'.s pipeline system.

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

Russia. in order to prevent perception of this step as unfriendly. will increase the price also for Belarus. but later will down the price.

In July. Russia planned to boost production by 200.000 barrels per day.

The anticipated annual oil production plateau is 1.2 million tonnes and the commercial production is slated to commence in 2023.

Some 66% of those polled support construction of the Nord Stream 2 pipeline

Nord Stream 2 is a project to expand the existing Nord Stream main gas pipeline.