Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-04-09 19:00:00

GAZPROM BUYS 49%

GAZPROM BUYS 49%

Russia's JSC Gazprom Neft has entered an agreement with Vietnam National Oil & Gas Group (PetroVietnam) to purchase a 49% interest in the 6.5 million-tonne/year Dung Quat refinery.

The agreement, signed on Apr. 6, grants Gazprom Neft exclusive rights to negotiate its acquisition of PetroVietnam's shares in the refinery, which is owned and operated by PetroVietnam subsidiary Binh Son Refining & Petrochemical Co. Ltd. (BSR), Gazrpom Neft said.

This latest contract follows previous agreements between Gazprom Neft and PetroVietnam to increase collaboration on joint oil and gas ventures as part of a strategic partnership formed in 2009.

Gazprom Neft's share of investment in the previously announced expansion and modernization of Dung Quat, which was commissioned in 2009 and remains Vietnam's only operating refinery, will be proportionate to its share in the plant, the Russian company said.

In addition to improving the efficiency of Dung Quat's technological processes to enable production of Euro 5-standard motor fuels, the planned modernization project will boost the refinery's crude oil processing capacity to 8.5 million tpy.

Gazprom Neft disclosed neither a timeline nor price for the acquisition of its minority interest in the refinery.

While PetroVietnam confirmed in a Dec. 17, 2014, release that BSR continues to actively carry out activities related to the modernization and revamp of Dung Quat, the company said it does not expect to commission the fully expanded and upgraded refinery until 2022.

ogj.com

Tags: RUSSIA, GAZPROM, PETROVIETNAM, OIL, GAS

Chronicle:

GAZPROM BUYS 49%
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 BUYS 49%
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 BUYS 49%
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 BUYS 49%
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.

All Publications »