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OilMARKET 04 / 2013
TOPIC OF THE ISSUE
Organic growthOrganic growth
Belarus capital Minsk hosted an 8-10 April Confidence Capital 6th annual conference Belarus oil refining and products export 2013, which reflected sizable advance Belarus state oil and petchem concern Belneftekhim and its subsidiaries achieved in developing their oil refining and marketing segments. The conference as well outlined a number of challenging problems faced by Belarus refining industry and, what is more important, the new opportunities for the country's crude refining and export growth.
EXPLORATION AND PRODUCTION
What threat does shale revolution pose to Russian natural gas export?What threat does shale revolution pose to Russian natural gas export?
It may be said without exaggeration that the so-called shale revolution which recently got underway in the USA will soon dramatically change the global natural gas market. The development will leave its mark as well in Russia, currently one of the world's largest natural gas exporters. The forthcoming changes at the gas market are referred to by some experts as threats for Russia's natural gas monopoly Gazprom. However American shale revolution is not the main threat for Gazprom and Russia's natural gas export on the whole but rather Russia's technological gap and its unwillingness to develop new technologies. This expert opinions were voiced during Moscow international energy forum in April titled Russian fuel and energy complex in the 21st century.
EXPLORATION AND PRODUCTION
CanadaCanada's oil sands: a world-class resource
The global development is being increasingly driven by its need for energy. Industrialized countries need it to keep manufacturing goods, heating homes as well as to maintain modern lifestyles. Emerging economies in China and India are transforming into massive energy consumers.
REFINING
Vladimir Kapustin: incentivize to speed up!Vladimir Kapustin: incentivize to speed up!
Over the span of the last decade Dr. Eng. Vladimir Kapustin, general director of Russia's leading engineering company VNIPIneft as well as Russian state Gubkin O&G university refining department head became a renowned industry expert both in Russia and abroad.
REFINING
Will mini-refining survive in the CIS?Will mini-refining survive in the CIS?
Mini-refining emerged in Russia and the CIS more than 20 years ago and over the span of its existence was considered solely as a residual phenomenon of the fuel and energy complex. This standpoint is based on the EU developments and on those in Poland, in particular. It managed to preserve its southern mini-refineries as well as ensured full utilization of their capacities in this way securing jobs and local budgets incomes, although in other European countries mini-refineries were closed in 1995-1997. Then, by the way, French Total built in Leuna (Eastern Germany) the last EU full-format refinery, which was fed by supplies via Druzhba pipeline northern leg.
NATURAL GAS
Virtual gasVirtual gas
The commitment to energy independence was reasonably earmarked by Ukrainian government as a strategic priority. However this aspiration with all its benevolent intentions starts resembling the hopeless eye service of the Soviet Union stagnation times.
LPG
Stanislav Batrachenko: we live keeping up with the market trendsStanislav Batrachenko: we live keeping up with the market trends
In many cases crisis economic phenomena somehow give development impetus. This, in particular, goes about Ukraine's LPG market which under conditions of surging gasoline prices and the country's purchasing capacity stagnation witnessed rather dynamic growth of car LPG units sales and correspondingly mounting sales of LPG volumes. In this way Ukraine's LPG demand for the fist time exceed the milestone level of 1mn t/yr.
03 / 2018