... forces in power, working within the current domestic political situation. Prior to the Syrian campaign of 2015, which was assumed to mark Russia’s active return to the Middle East, the Government of Iraq had already signed large contracts with LUKOIL, Gazprom Neft and Bashneft. Rosneft made its dynamic and massive entry into Iraq following the improvement of the security in the country and on the back of Russia’s growing political capital in the Middle East.
Sanctions against Iran as a Stimulus for Iraq
Viktor Katona, Ruslan ...
V. Katona discussed the hydrocarbon market, which stands among the most important topics of contemporary economic discourse, with a focus on Russia’s position and development.
On June 26, 2017
Viktor Katona
, Oil Supply Specialist at the largest Hungarian oil and gas company MOL Group and Russian International Affairs Council (RIAC) expert, held a lecture titled “Not Only Oil: The Hydrocarbon Market in the Era of Change” at the Library on Argunovskaya....
... list were going to be frozen in 2014-2016 for being unprofitable, for example, drilling in the East-Prinovozemelsky field in the Kara Sea (Rosneft and
ExxonMobil
project) and feasibility assessment of the Domanic deposits commercial development with Rosneft’s license blocks in the Samara region (
joint project with Statoil
) etc.
RIAC Policy Brief.
Arctic Oil and Gas Resource Development: Current Situation and Prospects
Without such restrictions imposed against the Russian oil and gas sector, many of the projects from the sectoral list were going to be frozen in 2014-2016 ...
... consequently, cheap resource production costs. It is possible that Russian companies would have expressed more interest in Egyptian projects, had the oil and gas prices been higher and the profits been greater.
However, Russian companies have begun supplying oil and gas to Egypt.
Rosneft
and
Gazprom
signed contracts to supply LNG there. Rosneft’s LNG cargos of are delivered in accordance with
a two-year contract
, as well as bought on the spot market. It is worth noting that despite new gas discoveries, exporting natural ...
... visit to Russia in early January, Moscow and Doha’s rhetoric began to change. In September 2016, the two nations signed a military cooperation agreement followed by a far more important development: the purchase of a 19.5% stake in the state-owned oil major Rosneft by the Qatar Investment Authority and Glencore. These events may appear to herald a new age in Russia–Qatar relations, but in fact, the picture is not as simple. What follows is an attempt to shed a little light on the Russia–Qatar ...
... exciting as the recent TNK-BP acquisition by Rosneft and the subsequent "aggressive consolidation" should not only result in efficiency savings, but allow a new avenue of possibility as BP now has access to the Arctic with Rosneft. Hopefully, Rosneft's consolidation and LUKoil's upward trend will pull Russian companies back into the top 50 firms of the Financial Times Global 500, as only candidate Gazprom crashed out extravagantly this year by losing 26 places and ending up 57th due to the quickly changing European ...
... to interrelate greatly, especially at the top. The Pacific Ocean Oil Pipeline (ESPO) is even viewed by some experts as a personal aim of Russia’s current president. The central factor behind ES-2030 and ESPO’s success will be the Vankor Oil Field and its interrelation with subsidies and taxation. Rosneft cunningly managed to reclassify its geographic location as an Eastern Siberian oilfield, which initially resulted in zero and then little taxation; plus $4-5 billion subsidies. Geographically it is not in the eastern sphere, but this was not unnoticed ...
... development plan. US giant is known for being the market leader and trend setter, so its not surprising to see it leading the industry forward, but the figure is very substantial. It will add 1 million barrels of oil to its stock, which although not challenge Rosneft's huge oil production, nevertheless it will add more competition from a much more profitable US firm (See: Oil&Gas Journal or OGE).
- RIP el Comandante:
The death of Hugo Chavez, albeit not unexpected, has caused a mixed reaction. Naturally, the West was ...
