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2014-07-01 18:35:00

GAZPROM LEADS RUSSIA

GAZPROM LEADS RUSSIA

With the launch of the Prirazlomnaya field in the Pechora Sea (60 kilometers from Varandey in the Nenets Autonomoous District), Gazprom has begun work on the Arctic shelf as a center of production, Gazprom CEO Aleksey Miller said during the company's annual shareholders' meeting in Moscow.

Miller clarified that oil in this area was being produced in the middle of ice-swept seas. The project is the first for producing hydrocarbons in the Russian Arctic. Miller added that Gazprom was Russia's leader in developing the Arctic shelf and in underwater gas production.

In 2013, the company received 17 licenses for fields on the shelf in the East Siberia, Chukotka, Barents and Karsk seas. These fields are estimated to hold reserves of nearly 17.3 trillion cubic meters of gas and 1.3 billion tons of liquid hydrocarbons. 

oilandgaseurasia.com

 

Tags: GAZPROM, GAS, SHELF

Chronicle:

GAZPROM LEADS RUSSIA
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

GAZPROM LEADS RUSSIA
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

GAZPROM LEADS RUSSIA
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

GAZPROM LEADS RUSSIA
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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