Economy: page 59

Abuja. Nigeria’s possible sale of some of its oil and gas assets to raise money and boost the contracting economy in Africa’s most populous country could reduce the government’s influence over its biggest industry. President Muhammadu Buhari’s economic advisers are ...

Moscow. The Gazprom Board of Directors commended the Company for the progress made on its major investment projects. It was noted that Gazprom was taking extensive countrywide efforts to set up new gas production, transmission and processing facilities and develop the existing capacities. ...

OPEC’s decision to hold informal talks in Algiers this week has fanned speculation that the group might be about to deviate from a two-year-old policy of pumping without limits, which succeeded in hurting rival suppliers but also sent prices into free fall. A previous attempt to agree ...

Oslo. The painful adjustment that Norges Bank Governor Oeystein Olsen predicted in February -- warning in Game of Thrones style that “winter is coming” -- only partially came to pass. The central banker on Thursday signaled he’s probably done with easing rates after reaching a ...

Moscow. In summer 2016 Novomet launched ColibriESP - a new oil production technology which goes beyond the common understanding of oil production process. Novomet commissions world’s smallest rigless ESP 2. 17” O. D. Cable Deployed Electrical Submersible Pump. The technology has ...

Zarubezhneft held a meeting of the company’s Board of Directors that considered and approved a range of the company’s key documents. That was the first Board of Directors’ meeting attended by its new members, namely, the Chairman of the Board of Directors, Eugeniy Murov, as ...

Sochi. LUKOIL Lubricants Company has run its Annual Dealer Conference in Sochi. Dedicated to LUKOIL’s 25th anniversary, the Event was attended by over 350 representatives of Russian and foreign dealer companies. Among the key topics of the Conference were modern trends in the global and ...

Moscow. Today, Bashneft Group, which comprises PJSOC Bashneft and its subsidiaries, has released its unaudited consolidated financial statements for the second quarter of 2016 and the six months ended June 30, 2016 prepared in accordance with International Financial Reporting Standards (IFRS). ...

A regular meeting of the PJSC TATNEFT’s Board of Directors chaired by R. N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan) on August 3, 2016. The meeting reviewed the TATNEFT budget performance for six months of 2016 and approved the ...

Moscow, Russia. – Bashneft has released its preliminary operating results for the second quarter of 2016. Average daily oil production grew by 9. 6% year on year to 58. 2 thousand tonnes. Oil production at brownfields added 0. 6% year on year. New assets in Timan-Pechora and Western ...

Moscow. Bashneft has released its preliminary operating results for the second quarter of 2016. · Average daily oil production grew by 9. 6% year on year to 58. 2 thousand tonnes. · Oil production at brownfields added 0. 6% year on year. · ...

Moscow. In 2018, the Russian Ministry of Industry and Trade expects to realize a significant share of the investment projects under the import substitution program in the oil and gas industry. Head of the ministry Denis Manturov told about it. "Seventy projects from the last year are ...