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OilMARKET 02 / 2014
PERSON OF THE ISSUE
Didier Casimiro: watchful for the broad picture details!Didier Casimiro: watchful for the broad picture details!
Russia's oil industry flagship, the giant state-owned Rosneft is now pressing forward in the East direction. In line with the pipeline crude oil supply contract China prepaid Rosneft some $20bn. This financial resource enables the company to build up drilling (according to Rosneft's upstream vice president Eric Liron, the company's drilling footage in 2013 totalled 20.34mn ft or 6.2mn m), to pay off part of the $57bn debt and to service the remaining debt share as well as to implement rather ambitious refining and marketing projects.
TOPIC OF THE ISSUE
LondonLondon's own Russian beehive
Although a number of regular participants of the traditional Russian oil traders party in London decided to support Russia's Olympic hockey team in Sochi (which was alas unlucky) and despite the crisis in Ukraine, the 14th annual party was a trumpet success.
TOPIC OF THE ISSUE
Energy Institute celebrates 100 years of professionalism at IP WeekEnergy Institute celebrates 100 years of professionalism at IP Week
British Energy Institute (EI) welcomed hundreds of energy professionals to the first day of the International Petroleum (IP) Week 2014, held in London on 17-19 February.
TOPIC OF THE ISSUE
Looking into the futureLooking into the future
The aspiration and opportunity to voice, analyze and discuss the world's energy supplies security outlooks for the mid- and longer-term perspective are peculiar features of such large-scale forums as British Energy Institute IP Week conference bringing together the top-ranked industry experts.
LUBES AND BITUMEN
Pavlodar refinery: revitalizing bitumen productionPavlodar refinery: revitalizing bitumen production
The new ample opportunities for Kazakhstan bitumen market development are in the offing of 2014. Against the background of the dirty products import ban, Kazakhstan refineries have to meet domestic demand themselves.
PETROCHEMICAL INDUSTRY
Wood Mackenzie forecasts global ethylene demand to grow 3.3% annually, transforming the marketWood Mackenzie forecasts global ethylene demand to grow 3.3% annually, transforming the market
North America leads with $40-50 billion investment expected for ethylene and derivatives.
04 / 2018