Rosneft Cuts Oil Output
Russia's largest oil producer Rosneft said on Tuesday its oil production had declined due to a decision by oil pipeline monopoly Transneft to reduce intake of oil due to a contaminated oil issue.It said Transneft had imposed a "significant" cap on oil intake from Rosneft's Yuganskneftegaz subsidiary.(Reporting by Vladimir Soldatkin and Olesya Astakhova; editing by David Evans)
RDIF, Schlumberger Aim to Reach Eurasia Drilling Deal Soon
Russia's RDIF sovereign wealth fund and U.S. oilfield services provider Schlumberger plan to complete a deal soon to buy a stake in Russia's Eurasia Drilling Company, RDIF boss Kirill Dmitriev was cited as saying by TASS news agency.Dmitriev told reporters separately that state oil pipeline monopoly Transneft was considering a share buyback but did not provide details.(Reporting by Darya Korsunskaya; writing by Tom Balmforth; editing by Jason Neely)
Russia's Transneft Reports 19% Drop
Russian oil pipeline monopoly Transneft's first-half net profit fell 19.2 percent year on year to 92.1 billion roubles ($1.38 billion), the company said on Tuesday.Transneft's first-half earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 208.2 billion roubles, down 3.5 percent from the same period last year, the company said.Reporting by Maxim Rodionov Writing by Tom Balmforth
Transneft Sees Russian Oil Exports Declining in 2018
Russian oil pipeline monopoly Transneft expects the country's oil exports to drop by around 5 million tonnes (100,000 barrels per day) this year because of robust domestic demand, the Interfax news agency reported on Monday.Transneft said it also expected an additional 9 million tonnes of oil to flow through its pipeline system in the second half of the year, in comparison to the first six months of 2018.Reporting by Vladimir Soldatkin
Russia's Oil Exports to Europe Decline as Quality Worsens
Russia has exported less crude oil to Europe this year as the quality of the fuel on offer deteriorated and tense diplomatic relations prompted it to redirect more volumes to China.Russia increased oil pipeline exports to China by almost 50 percent in January-April from a year earlier to 12.4 million tonnes, Igor Dyomin, a spokesman for Transneft, Russia's oil pipeline monopoly, said on Tuesday.Moscow…
Russia's Transneft Launches "Yug" Oil Products Pipeline
Russian oil pipeline monopoly Transneft said on Thursday it had started pumping commercial volumes of oil products through its new "Yug" pipeline. The pipeline transports oil products from the Volgograd refinery on the Volga river to the Black Sea port of Novorossiisk. Reporting by Vladimir Soldatkin Writing by Christian Lowe
Russia Ramps up Fuel Exports in Fight for European Market
Russia plans to sharply increase fuel exports and carve out a larger share of the European market following an extensive $55 billion modernisation of its refineries, companies' plans and analysts' reports show. Russia embarked on a modernisation of its biggest refineries in 2011 following a fuel shortage crisis. It also changed its tax system to favour production of cleaner and higher-quality fuel. The modernisation…
Russian Pipeline Fire Could Affect Oil Loadings
An oil leak and resulting fire on an oil pipeline in Russia's Saratov region may affect the loading schedule for Russian crude exports, Igor Dyomin, a spokesman for oil pipeline monopoly Transneft, told reporters. Dyomin said that oil flows through the pipeline could resume in approximately 3-4 days. (Reporting by Vladimir Soldatkin; Writing by Christian Lowe; Editing by Adrian Croft)
Transneft May Restart Pumping Oil via Affected Pipeline in 2-3 Days
Oil supplies via a Russian pipeline which caught fire are expected to resume in two to three days, RIA news agency cited oil pipeline monopoly Transneft as saying on Thursday. Reporting by Christian Lowe
Russian Oil Pipeline Leading to Black Sea Catches Fire
An oil pipeline that supplies refineries and Russian Black Sea export terminals has caught fire in the Saratov region, a spokesman for oil pipeline monopoly Transneft said on Thursday. Interfax news agency said Transneft has stopped pumping oil via the Kuibyshev - Tikhoretsk pipeline as a result of the incident. Reporting by Vladimir Soldatkin
Transneft H1 Net Profit Down 15%
First-half net profit of Russian oil pipeline monopoly Transneft declined by 15 percent to 113.86 billion roubles ($1.9 billion) from the year-earlier period, the company said on Friday. The company's revenue rose by 5 percent year on year to 438.3 billion roubles. Transneft receives revenues mainly from shipping oil and oil products via its vast pipeline network. ($1 = 59.0875 roubles) (Reporting by Vladimir Soldatkin; Editing by Andrey Ostroukh)
Russian State Fund CEO May Join Transneft Board
The government has nominated Kirill Dmitriev, head of Russian Direct Investment Fund (RDIF), to the board of state-controlled oil pipeline monopoly Transneft , a government source told Reuters on Friday. "For the first time a direct representative of investors in the preferred shares will become a member of Transneft board," the source said, adding the move will facilitate efforts to raise Transneft dividends. Transneft and RDIF declined comments.
Transneft Says Belarus Q2 Oil Supply Schedule Signed
Russian oil pipeline monopoly Transneft said on Thursday that a schedule for additional oil supplies to Belarus for the second quarter had been signed. According to the schedule, Russia will supply 6 million tonnes of oil to Belarus in the second quarter and 7 million tonnes in each of third and fourth quarters. The schedule was signed off after Belarus agreed to pay its debt for natural gas purchases in full. (Reporting by Vladimir Soldatkin, editing by David Evans)
Russia to Cut Oil Exports from Primorsk
Russia will reduce Urals oil exports from the Baltic Sea port of Primorsk by around 12 percent to 44 million tonnes (884,000 barrels per day) this year due to using some of the pipeline capacity for shipments of diesel, oil pipeline monopoly Transneft said on Tuesday. Exports of Urals from the outlet in June would be cut to less than 3 million tonnes comparing to 4.5 million tonnes planned for April, the documents on export pipeline routes capacity, published on Transneft's website, showed.
Transneft 2016 Net Profit Up 62%
Net income of Russia's oil pipeline monopoly Transneft has increased by 62 percent to 232.9 billion roubles ($4.07 billion) in 2016, the company said on Tuesday, as its costs has decreased and revenues rose. Its revenues were up to 848.1 billion roubles from 815.7 billion roubles in 2015. Transneft's main source of revenues are tariffs for oil and oil products shipments via its vast pipeline network. ($1 = 57.1850 roubles) (Reporting by Vladimir Soldatkin, editing by Denis Pinchuk)
Belarus says Russia Made Oil Threat
Belarussian President Alexander Lukashenko said on Friday a Russian move to create border zones near his country's frontier looked like a political attack and that Moscow had threatened to halve oil supplies to Minsk. Speaking at a marathon news conference which lasted over seven hours, Lukashenko said he sensed Russia was afraid his country, a long-time ally, would move too far out of Moscow's orbit. "Russia has become wary that Belarus could turn to the West," said Lukashenko.
Russia Resumes Liftings from Novorossiisk
Russian oil pipeline monopoly Transneft said it had resumed oil loadings from the Black Sea port of Novorossiisk on Friday morning after a storm. Transneft also said that it expected to export 30.6 million tonnes of oil from Novorossiisk, 50.6 million tonnes from Primorsk, 30 million tonnes from Ust-Luga and 31.7 million tonnes from Kozmino this year. Reporting by Vladimir Soldatkin
Russia to Cut Oil Exports Outside FSU by 380,000 T in Q1
Russia will cut oil exports to foreign markets outside the former Soviet Union (FSU) by 380,000 tonnes in the first quarter of 2017 from the fourth quarter of 2016, oil pipeline monopoly Transneft said on Tuesday. However, overall supply, which includes non-Russian oil transit from Azerbaijan and Kazakhstan as well as deliveries to Belarus, will increase by 200,000 barrels per day, as reported last week.
Transneft CEO Dismisses Rumours of Merger with Rosneft
The head of Russia's oil pipeline monopoly Transneft Nikolai Tokarev dismissed on Thursday talk of a possible merger with country's largest oil producer Rosneft. "It is obvious that the issue is made up. It is ... aimed against Transneft," he told the state-owned Russia-24 TV channel, when the interviewer asked him about rumours of a merger. (Reporting by Vladimir Soldatkin; Editing by Adrian Croft)
Former Rosneft Exec Kalanda joins Russia's Transneft
A former senior manager at Russia's biggest oil producer Rosneft, Larisa Kalanda, has joined state oil pipeline monopoly Transneft as vice-president, Transneft said on Wednesday. Kalanda, born in 1964, will oversee legal matters at Transneft and will be in charge of government relations, Transneft said in a statement. Kalanda, who was seen as a close ally of Rosneft Chief Executive Igor Sechin, has worked for around a decade at Rosneft, leaving the post of Rosneft vice-president in May.
