... to 950,000 by the time of the acquisition.
Ruslan Mamedov:
After the Caliphate: The Prospects of Russia–Iraq Relations
In 2018, Rosneft announced it was launching geological exploration works at the Batil, Zawita, Qasrok, Harir-Bejil and Darato oil fields in the Kurdistan Region. The Russian company owns 80 per cent of each field. Rosneft reported that the cost of entering these five projects could be up to USD 400 million (company press release dated October 18, 2017).
Russia–Iraq Relations: Flexible, but Persistent
In October 2019, Minister of Foreign Affairs of the Russian ...
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....
... in (
2016
it dropped to USD 43 per barrel. One can say with certainty that even 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 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 ...
... exporting infrastructure, and 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 ...
... cooperative rhetoric—after all, the document contained no arms trade-related provisions. The crowning achievement of Russia–Qatar diplomacy in 2016 was announced in December, 2016, when QIA together with Glencore purchased a 19.5% stake in Rosneft, Russia’s largest state-owned oil company.
However, pronouncing Russia and Qatar the homecoming couple of 2016 would be farfetched. It appears that the Syrian crisis is one of the key drivers behind the two countries’ recent “rapprochement,” but their interests in ...
... 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 market. To add salt to the wound,...
... Oil:
ES-2030 success will depend on the interactions between the Russian energy elite and politicians, who tend 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 ...
... for its economic miracle, especially in respect to oil (See: BruneiTimes). Oil discussions were a success, as Rosneft and CNPC signed several agreements; including first ever Arctic joint-venture for an Asian country (See: Bloomberg). Alexander Novak, Russia's Energy Minister, said Rosneft will send an extra 2 million tonnes of oil to China along ESPO oil pipeline in 2014, and will gradually increase such shipments to 15 million tonnes by 2018; which is huge news for players involved (See: Interfax). Due to these deals China will overtake Germany as a top destination for Russian ...
