Oil

What purpose Minsk raised the price for the transit of our oil President of Belarus Alexander Lukashenko (Photo: Mikhail Metzel/TASS)   The Ministry of Antimonopoly regulation and trade of Belarus has raised tariffs on transit of Russian oil through the territory of the country approximately in half. The decree was …

Russian oil and gas reserves may end by 2030. About this stated the head of Sberbank German Gref, reports TASS. He called on the Russian authorities to prepare the economy to the end of the century of oil and gas. “We are talking about when we have this monoproduct can …

Oil reserves in China can be approximately equal to the reserves strategic petroleum reserve. This was reported by the influential Washington Post, citing data from the American company Orbital Insight. The information that underlies the analysis were obtained Orbital Insight with the help of satellite imagery and tracking of activities …

From 11 October, Belarus in half taking off tariffs for transit of oil via main pipelines “Gomeltransneft Friendship” and “Polotsktransneft Friendship”. The corresponding decree was adopted by the Ministry of Antimonopoly regulation and trade on 28 September. Oil comes from Russia through Belarus to Germany, the Czech Republic, Slovakia, Poland, …

 In the Federation Council doubt the correctness of the sale of state assets of “Rosneft” and “Bashneft”, noting that one should not “sell the goose that lays the Golden eggs,” said RIA Novosti first Deputy head of the economic Committee of Council of Federation Sergey Kalashnikov. First Deputy Prime Minister …

Iran has refused to reduce oil production in the scope of environment agreement of the Organization of countries-exporters of oil (OPEC) to freeze the oil production of the cartel at 32, 5 million barrels per day from November 2016. It is reported TASS with reference to the Minister of oil …

Countries-members of OPEC reached an agreement to limit oil production at the level of 32.5 million barrels, reports Reuters with reference to sources in the cartel. The agreement will enter into force in November this year. As expected, after reaching this goal, the cartel will turn to other countries-exporters of …

Transneft proposes to consolidate the intergovernmental agreement commitments to export certain volumes of oil products via Russian ports. That the Russian authorities are discussing the prospects for the redirection of export of oil products from the Baltic ports to Russian ports, told RBC sources in the oil companies. This topic …

Think this reform is primarily in the interest of the budget. The size of the export duties tied to world prices for hydrocarbons. In terms of their low level of budget revenues is declining at an alarming rate. If the physical volume of Russian oil exports in the first half …

Living in Russia, it’s hard not to believe the stories that the oil is in the center of the global geopolitical games, and Russia as its largest producer, is their most important participant. Living in Russia, it’s hard not to believe the stories that the oil is in the center …