Blog - Page 8

N. Tokarev. In the future, Transneft’s efforts will focus on replacing pipelines, redirecting oil streams and improving system reliability

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Over the past fifteen years, Transneft has implemented a lot of major and strategic important investment projects, such as construction of the Eastern Siberia – Pacific Ocean or BPS‑2 oil-trunk pipelines. This has made it possible to create the conditions for growth in Russia’s crude-oil production from 320 mln tons in 2000 to 556 mln tons in 2018, and led to an increase in budget revenues. In the immediate future, the company intends to focus on the repair and replacement of pipeline line sections, the creation of opportunities for the swift redirection of export oil streams, and the improvement of system reliability.

D. Deryushkin. Balance of the World Oil Markets: Probable Oversupply

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Uncertainty is the key word characterizing the behavior of the world oil markets over the past several years. This uncertainty is associated with various factors: the probable recession of the global economy, trade wars, sanctions pressure. Obviously, they have a direct impact on the world oil market, but industry-­specific drivers are also added to them: growth of shale production in the USA, performance of the agreement by OPEC+ countries. Recently, however, another parameter has been added to the list – production recovery rate in Saudi Arabia after the drone strike on the Saudi Aramco facilities in Abqaiq.

P. Sorokin. The Gas Dilemma: Europe Chooses the Pipe

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Over the past decade, the global energy market has undergone dramatic changes. First of all, it ceased to be exclusively petroleum-­based – extensive trade in liquefied natural gas (LNG) started, whose production, and most importantly – trading, has significantly expanded. Today, LNG turnover has exceeded 300 mln tons per year.

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