Oil

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Alexander Drozdenko, Governor of the Leningrad Region, took place in St. Petersburg today.

SOCAR Energy Holdings (SOCAR's Swiss subsidiary) is announcing its entry into the Austrian retail fuel market by taking over petrol station operator A1, as well as mineral oil trading company Pronto Oil.

Statoil ASA (OSE:STL, NYSE:STO) and Petróleo Brasileiro S.A. - Petrobras (“Petrobras”) (BVMF: PETR4, NYSE:PBR) have agreed that Statoil will acquire a 25% interest in Roncador, a large oil field in the Campos Basin in Brazil.

The transaction nearly triples Statoil's production in Brazil, with attractive break-evens and potential for additional value creation for both parties through the application of Statoil's expertise in improved oil recovery (IOR).

On 12 December 2017 the extraordinary shareholders meeting of PJSC Tatneft held by proxy voting resolved to pay the dividends based on the results for the 9 months of 2017 in the amount of 27.78 Rubles per each preferred and ordinary share

US crude was shipped in larger volumes to European and Mediterranean refiners in November, displacing more expensive grades from the Caspian Sea.

A delegation of professionals from OOO LUKOIL-PERM, which included experts in oil and gas production, personnel management, project management, etc. visited TATNEFT Company in the frame of the working visit.

Gazprom Neft synthesises 11 cutting-edge enhanced oil recovery surfactant agents

Statoil today submits the PDO (plan for development and operation) for the Johan Castberg project on behalf of the partnership with Eni and Petoro. Several major contracts will also be awarded to Norwegian industry.

R.N. Minnikhanov, President of the Republic of Tatarstan, chaired a regular meeting of the TATNEFT Company’s Board of Directors held in Kazan on November 30, 2017.

All Opec members support extending until the end of 2018 an agreement with non-Opec producers to cut just over 1.7mn b/d from the market, an Opec Gulf delegate told today.

Statoil and Total have agreed on a transaction whereby Statoil will acquire Total’s equity stakes in the Martin Linge field (51%) and the Garantiana discovery (40%) on the Norwegian continental shelf (NCS).

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$ 61.57 per barrel (bbl) on 23.11.2017

Gazprom Neft, Tatneft and Zarubezhneft have concluded a Memorandum of Cooperation on the development of the skills and competencies needed for the development of exceptionally challenging projects in opening up carbonate deposits.