Oil

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 56.75 per barrel (bbl) on 27.09.2017.

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 56.42 per barrel (bbl) on 25.09.2017.

China's state-controlled Unipec bought 36mn bl (150,000 b/d) of US crude in January-August and is likely to continue its buying spree for the rest of this year, senior analyst Wang Pei said at the Asia Pacific Petroleum Conference (Appec).

Gazprom Neft has, for the first time, completed cargo deliveries to a remote field using an unmanned aerial vehicle, as part of a project being implemented by specialists from Gazpromneft-Snabzheniye and Gazpromneft-Noyabrskneftegaz, supported by scientific and production enterprise Radar-mms

Two production wells are currently in operation at the field, with total production running at 170 tonnes per day.

ATC was established in 2012 as a wholly-owned subsidiary of Aramco to sell all hydrocarbons belonging to its parent company except for crude and LPG.

 This was higher than the price of US$ 54.93 per bbl on previous publishing day of 20.09.2017.

Statoil has already achieved its 2015 target of reducing the CO2 emissions from the Norwegian continental shelf by 1.2 million tonnes annually from 2008 to 2020.

Iraq recommences bunker supplies after 30 year hiatus.

This is, to date, the second oil consignment to the American market by Gazprom Neft Badra — recipients of the preceding 12 shipments having been European companies and refining facilities in the Asia—Pacific region.

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 54.76 per barrel (bbl) on 19.09.2017.

TatNIPIneft experts of Tatneft Company have developed a new efficient MGES-M technology of for water-flooded fields.

Thus far, the complex structure of the pre-Jurassic complex has not been deemed an independent geological prospect, investigations into which demand the modification of traditional prospecting methodologies.

It was decided to hold the summit this year in one of the regions where the retail sales network of TATNEFT operated.

Pursuant to the revised draft of the investment program for 2017, the overall amount of the Company’s investments will stand at RUB 1,128.576 billion, which is RUB 217.341 billion more than was envisaged in the investment program approved in December 2016.