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OilMARKET 04 / 2005
TOPIC OF THE ISSUE
RUSSIAN ECONOMIC FORUM 2005: INVESTORS PONDER STABILITY OF RUSSIARUSSIAN ECONOMIC FORUM 2005: INVESTORS PONDER STABILITY OF RUSSIA
The 8th Annual Russian Economic Forum that took place at The Queen Elizabeth II Conference Centre in London on the 10-12 April was remarkable of an keen political discussion.
PERSON OF THE ISSUE
Vladimir Rakitskiy,Vladimir Rakitskiy,
Lukoil's Head of Oil Refining and Petrochemicals
Lukoil is rightly seen as a pacemaker in Russia's refining industry. In 2004 the company completed a number of important refining projects, having launched VGO hydrocracking unit on T-Star complex at 279,000 b/d Perm refinery, catalytic reforming with online regeneration at 438,000 b/d Lukoil-Norsi refinery and naphta isomerisation unit at 78,000 b/d Odessa refinery (Ukraine).
PHOTO OF THE ISSUE
Under investigationUnder investigation
Norwegian authorities suspended operations at Eirik Raude semisub, as on 12 April the platform spilled 1.75 t of hydraulic oil. From the start of 2005 this was the third accident on the platform, currently on the lease by Norway's Statoil. The leakages did not endanger environment of Barents Sea, but the platform will be put online only after identification and elimination of the risks.
EVENT
GAS TRANSPORTATION SYSTEMS 2005: A STEP FORWARDGAS TRANSPORTATION SYSTEMS 2005: A STEP FORWARD
Organised by Vniigaz conference Gas Transportation Systems: The Present and The Future zoomed in on a spectrum of issues linked to gas shipment and logistics, putting an accent on necessity of international cooperation.
EXPLORATION AND PRODUCTION
THE LOOK FROM THE INSIDETHE LOOK FROM THE INSIDE
KARAZHANBASMUNAI: an independent kazakh producerТs experience
Dry production data on independent oil production in Kazakhstan, devoid of reference to the real environment on the ground, would not have sufficed in covering this little known for many of our readers niche. OilMarket met with Patrick O'Mara, the vice-president of Nations Energy, who generously answered our questions on the local specifics and prospects and priorities of producers in the central Asian nation.
EXPLORATION AND PRODUCTION
FACE TO FACE WITH RUSSIA
NORSK HYDRO: SETTING UP PRIORITIES
Established in 1905, Norsk Hydro along with the oil industry of Norway celebrates this year its 100th anniversary. As a rule, such historical dates are milestones which help evaluate achievements of the past and set priorities for the future. Among Hydro key activities are the joint development of Russian projects and cooperation with Russian companies.
EXPORTS
EXPORT HORIZONSEXPORT HORIZONS
Outlook for Russian petroleum trade to europe
This article, written on request of the OilMarket outlines complex and challenging future Russian and CIS crude and products exporters are facing on the international markets, primarily, the ones in the EU, but transatlantic trade as well.
REFINING
IN SEARCH OF A PROFESSIONAL COMPROMISEIN SEARCH OF A PROFESSIONAL COMPROMISE
Two issues plague industry R&D centres Ч a personnel crisis and a lack of financing
Over recent years, the CIS market of engineering services has been dominated by Western companies. However, once prominent centres of USSR oil&gas scientific research are now gearing up to loosen the grasp of large international designers of equipment and know-how, primarily in the field of secondary refining technologies. At the same time, to ensure reliable development of industrial science companies must deal with severe staff shortages, which quite unlikely, given the state's attitude towards the oil refining industry.
DOMESTIC MARKET
BIZARRE PARALLELS AND PREDICTABLE GROWTHBIZARRE PARALLELS AND PREDICTABLE GROWTH
Efforts of Ukraine's government to curb prices on domestic oil products market, just as its resolution limiting the growth of products prices signed on 14 April, give only temporary breathing space and work only as far as crisis management methods go. Russia also proved unsuccessful in fighting the plague of (even higher) oil products prices, consoling itself with half-measures. By mid-June, both Russia and Ukraine are poised to experience successive motor fuels price hike.
NATURAL GAS
Gazprom and lukoil join forcesGazprom and lukoil join forces
A commissioning ceremony of the Nakhodkinskoye gas field (development licence owned by Lukoil) took place on 5 April in the Yamal-Nenets Autonomy. The ceremony was attended by Autonomy's governor Yuri Neelov, Russia's minister of natural resources Yuri Trutnev and Lukoil's president Vagit Alekperov.
COMPANIES
LUKOILLUKOIL'S BALTIC DEJA VU
Over the past two years Ч ever since Yukos got into trouble and Platon Lebedev, one of the company's founders, was arrested Ч Russia's oil giant Lukoil strives to occupy the top spot in Russia's oil companies list.
TRANSPORTATION
CHASING AFTER TALLINNCHASING AFTER TALLINN
The oil terminals of Tallinn are one of top three FSU oil transit marine outlets, together with Russia's Primorsk and Novorossiysk terminals, which enjoy massive crude shipments via the systems of Russia's pipeline monopoly Transneft. Currently no terminal on Black of Baltic seas without Transneft link could match Tallinn on degree of service quality and volume of crude and oil products loadings. Moreover, a different trend is unfolding: similar terminals at Ventspils and Odessa, despite an advantage in pipeline capacities, are still losing volume. Meanwhile, Tallinn maintains growth justification.
TRANSPORTATION
GREAT EXPECTATIONSGREAT EXPECTATIONS
Despite the recent signing of a tri-lateral inter-governmental memorandum, many issues concerning construction of the Burgas-Alexandroupolis crude pipeline remain.
04 / 2018