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2015-09-04 18:45:00

RUSSIA CAN INCREASE TO 14 MLN BBL

RUSSIA CAN INCREASE TO 14 MLN BBL

Russia can increase its oil production to as much as 700 million tonnes of oil per year (14 million barrels of oil per day) and export 300 billion cubic meters of gas to China annually, Rosneft Chief Executive Igor Sechin said on Friday.

Speaking at the Eastern Economic Forum, Sechin added that production costs for Russia's largest oil fields were lower than for its global peers.

A weak ruble is offsetting low oil prices for Russian oil producers.

reuters.com

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More: 

RUSSIA READY TO DISCUSS 

RUSSIA'S BIGGER JUMP 

RUSSIA RAISES PROFITS 

RUSSIA WILL INCREASE 

RUSSIA & CHINA DEAL 

RUSSIAN GAS UP 50%

 

 

 

Tags: RUSSIA, ROSNEFT, OIL, GAS

Chronicle:

RUSSIA CAN INCREASE TO 14 MLN BBL
October, 16, 11:50:00

SAUDI ARAMCO IPO

Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.

RUSSIA CAN INCREASE TO 14 MLN BBL
October, 16, 11:45:00

SAUDI'S BANKS ARE BETTER

But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.

RUSSIA CAN INCREASE TO 14 MLN BBL
October, 16, 11:40:00

OPEC EXPECTATION

The Organization of Petroleum Exporting Countries and allies including Russia have been cutting oil production this year to bring fuel inventories in industrialized nations back in line with the five-year average.

RUSSIA CAN INCREASE TO 14 MLN BBL
October, 16, 11:35:00

JAPAN LNG INVESTMENT

The Japanese government will offer $10 billion to support firms bidding to build liquefied natural gas (LNG) infrastructure around Asia, the Nikkei business daily said on Monday.

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