75 hydrocarbon fields were discovered on the Sakhalin Island, including 13 offshore ones. Almost all fields are located in the northeastern part of the island, the regional Ministry of Natural Resources said. “The majority of onshore oil and gas fields are at late development stages. Regional onshore oil production may be increased in the near…
Rosneft has commenced the geochemical survey at its three licensed fields in the Barens Sea: Albanovsky, Varneksky and Zapadno-Prinovozemelsky. According to the company’s press release, total area exceeds 77,000 sqm. Two research vessels will be involved. Operator of the works in the fields is Rosneft’s subsidiary – RN-Shelf-Arctic LLC specializing in arranging of works at…
Russian export market was characterized by sufficient supply at the background of limited demand that determines trends of prices. Last week, downward trend in export prices was observed in the Russian grain market. In particular milling wheat price in deep-water ports decreased by $2-3 to $165-167/MT FOB under the pressure of global downward trends. The…
In July, Turkey reduced the import volumes of grains, including grains of Russian origin, but the fall of supplies was not caused by political tensions in the country, the Deputy Director of the strategic management department at Rusagrotrans CJSC, Igor Pavensky declared. According to him, Turkey continues purchasing grains on foreign markets, despite domestic instability…
Sergei Sandulov, Director General of Omsk River Port, has been named the winner of the auction on sale of the 25.5% stake of Omsk River Port owned by Russian government. According to the official website for bidding information, the shares were sold for 36 million RUB at the auction held on July 21. Sergei Sandulov…
Throughput of Rosterminalugol in 2016 has reached 9 million tons year-to-date, the company’s press release says. The milestone ton was loaded on July 20. Rosterminalugol was established in 1996 to build and operate the coal terminal at Port of Ust-Luga. The company specializes in loading / unloading operations, freight forwarding services, building and maintenance of…
Active development of Russian grain handling port capacities ensured record high exports in the 2015/2016 season. Current surplus of capacities, as well as projects for grain handling terminals expansion, provide a basis for further growth of grain export capacity. UkrAgroConsult estimates that over the past 10 years Russian grain handling seaports capacities increased by more…