Economy: page 114

Moscow. The price of Urals crude oil will amount to $52-53 per barrel in December 2016, a representative of the Economic Development Ministry told TASS Monday. "Russia’s Economic Development Ministry expects the average price of Urals crude oil to be $41. 7 per barrel in 2016, ...

I didn’t feel like writing about Rosneft shares sale. The details of the deal are not revealed. The shares were sold a little cheaper their market value, but 2 years ago it was 1. 5 times higher than it is today. Rosneft is a record-holder among public oil companies. It possesses the ...

Tehran. Iran’s petrochemical export is scheduled to reach 20 million tons worth of 9 billion dollars till the end of this Iranian calendar year(started March 20, 2016). This was stated director of the Planning and Development Department at National Iranian Petrochemical Company (NPC) ...

Moscow. Global oil prices might have dropped to 30-35 U. S. dollars per barrel, or by 20 U. S. dollars below the market level should OPEC countries and non-OPEC oil producing countries fail to reach an agreement on oil production cuts. This was stated russian Minister of Energy Alexander ...

London. Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets. Brent crude, the international benchmark for oil prices, soared to $57. 89 per ...

London. Oil prices extended gains on Friday on optimism that non-OPEC producers would agree to cut output following a cartel agreement to limit production, but the upside was limited amid uncertainty over the size of the production curbs. The Organization of the Petroleum Exporting Countries ...

Moscow. Rosneft’s privatization has been completed. The consortium of Glencore oil trader and Qatar sovereign wealth fund acquired 19. 5% of Rosnef’s shares for €10. 5 billion. The deal was supposed to be closed by mid-December. It is reported that Glencore will pay for the ...

London. Russia expects Belarus to repay its debt for gas, proposals on payment are being discussed. This was stated Deputy Prime Minister Arkady Dvorkovich. "The Belarusian side has sent proposals, we are discussing them. We wait for payment, " he said. The Energy Minister ...

Surgut. In January-November 2016, Surgutneftegas produced about 56, 543. 1 thousand tonnes of crude oil. This is stated in the message Surgutneftegas. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 8, 133. 03 thousand tonnes, 5. 5% up versus eleven months of ...

London. Oil prices steadied around $50 a barrel on Thursday, close to the week's lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. North Sea Brent crude was up 25 cents at $53. 25 a barrel by 0940 GMT. U. ...

London. Glencore expects the deal on purchasing a stake in Rosneft to close in mid-December, the trader company said in a statement released on Wednesday. "Once the transaction is entered into, it will be conditional on the subsequent finalisation of all relevant financing, guarantee ...

Tyumen. XXVII Governor’s readings took place in Tyumen. This time they were on the topic “Where will the wind from the East blow? Russia in the new strategic reality”. “Tyumen is the furthest Siberian city in Europe, and its background has always been connected ...

Caracas. OPEC and Russia have already agreed a mutually accepted formula of oil production cap for half a year. This was stated Venezuela’s Oil Minister Eulogio del Pino. "We’ve reached a mutually accepted formula with the Russian side, which stipulates freezing for 6 months, ...

London. Oil prices fell on Wednesday on persistent doubts a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that has dogged markets for over two years. International Brent crude oil futures LCOc1 were trading at $53. 69 per barrel at 0131 GMT, ...

Tehran. Iran’s petchem output up by 20% in the current Iranian calendar year (began March 20). It was reported Deputy oil minister. On the latest status of production and exports of petrochemical products, Director of the National Petrochemical Company (NPC) Marzieh Shah-Daei said ...

London. Oil prices eased on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017. International Brent crude oil futures LCOc1 ...

Moscow. Russian gas market structure will not change until 2020, including in terms of export liberalization. This was stated Deputy Minister of Energy Kirill Molodtsov. "By 2020, we expect that the structure of the Russian gas market will not change, not only in terms of supply and ...

Budapest. Budapest hosted festive events dedicated to the 20th anniversary of signing long-term contracts with Panrusgas Gas Trading Plc for Russian gas supplies to Hungary. This is stated in the message Gazprom. The events were attended by Viktor Zubkov, Chairman of the Gazprom Board of ...