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OilMARKET 10 / 2007
TOPIC OF THE ISSUE
Raising standardsRaising standards
Among the numerous oil and gas conferences held in Russia, one of the most prominent is the EPC refining and petrochemical forum. This year the conference took place 2528 September in the Radisson hotel in Moscow and yet again the organizers handled it on the high level Colin Chapman and his colleagues set several years ago.
PERSON OF THE ISSUE
Vainshtok left. Tokarev came back to TransneftVainshtok left. Tokarev came back to Transneft
After six weeks of uncertainty one of the biggest state-controlled monopolies received a new president. On the 15th of October Nikolai Tokarev, formerly head of a state-owned oil company Zarubezhneft, took position of Transneft president. As we previously reported, Semyon Vainshtok left for another giant state-controlled project. Experts rate Transneft financial performance, achieved under Vainshtok's reign, as highly successful, which means that the new president is hardly seen as a crisis manager.
PHOTO OF THE ISSUE
$100 - not the limit?$100 - not the limit?
The flight of retail prices on gasoline continues in the United States. Over the past two weeks, they have grown nearly 13 cents and reached a nation-wide average of $3.09/gallon (3.78 liters) on the lowest grade automobile fuel.
EVENT
In the flow of world trendsIn the flow of world trends
Almaty hosted the 15th KIOGE forum. The representatives of more than 600 companies from 34 countries took part in the conference and exhibition, having proved again immense investment attractiveness of Kazakhstan.
EVENT
Hospitable Swedes on French RivieraHospitable Swedes on French Riviera
The lilac twilight settles gently over Monaco's golden lights enhancing the luxury of the kingdom immersed in greenery and flowers. The relaxing panorama caresses the eyes and a light breeze from the sea entices the heart like an elixir of freedom. Hugging his spouse, oil trader Nikolay Vasilevych from land-locked Belarus takes in the view of the Riviera from the Vista Palace observation deck. Holding the traditional Nordic Storage conference here on the Riviera gives Nikolay and his wife Yelena and a few dozen other representatives from various oil holdings, consulting agencies, and transport and trading companies invited here, a chance to spend their time very productively. Recollections of meetings and discussions held here intertwine with the rich emotional fabric of every minute spent in this fairy-tale place.
EXPLORATION AND PRODUCTION
Prospects on RussiaProspects on Russia's continental shelf
Russia's northern capital, St. Petersburg the Eighth International conference on hydrocarbon resources in the Russian arctic and the CIS continental shelf
By the end of the 20th century, the most accessible oil and gas fields on land started to catch sight of the end of their resources and the world faced the complicated task of finding new fields. By 2030, fields at sea could account for 23% of Russian oil production and 27% of Russian gas production if in this period the Kremlin and gas and oil companies write and implement a plan to develop the technical infrastructure base for working on the shelf and adjacent shoreline.
REFINING
Book review Kapustin V.M. and Gureyev A.A. The Technology of Oil RefiningBook review Kapustin V.M. and Gureyev A.A. The Technology of Oil Refining
Part Two: Breakdown processes
This textbook was written by Mssrs Kapustin and Gureyev who are well-known teachers at the Gubkin State University of Russia. They have extensive experience in both teaching and manufacturing activity in the country's leading educational institution, a number of oil companies and Russian oil refineries. This textbook was written for university students specializing in the chemical properties of natural energy resources and hydrocarbons and is meant to prepare accredited specialists in the chemical properties of organic substances and fuels. The textbook can also help any specialist working in the oil refining sector.
REFINING
Mini-refineries in Russia: Big interest and new opportunitiesMini-refineries in Russia: Big interest and new opportunities
Oil refining in the Russian Federation is undergoing a long anticipated rebirth. The executive leaders of a number of oil companies have finally turned their sights on the problems of their refining enterprises and more importantly, they have begun to sign checks for very impressive sums. Lukoil, TNK-BP, Gazprom neft and Rosneft report nearly every month on work completed on some new unit and plans to carry out new projects in the sector. It is expected that investment in modernizing oil refining and petrochemical capacity in Russia will be double 2006 figures somewhere in the neighbourhood of $2bn.
NATURAL GAS
Nabucco moves forward sort ofNabucco moves forward sort of
Political leaders, energy executives and EU officials gathered in Budapest on 14th September for a conference entitled, Gas for Europe: New Competition, Routes, Suppliers a Role for Nabucco?
NATURAL GAS
No middlemenNo middlemen
Gazprom is being forced to push RosUkrEnergo out of the market
Ukrainian President Viktor Yushchenko has instructed his government to review the idea of refusing the services of intermediary companies supplying gas to Ukraine from 2009, first deputy head of the Presidential Secretariat Oleksandr Shlapak said on 12 October. The instruction was given in the context of propositions confirmed in negotiations with Gazprom on gas supplies for 2009, Shlapak said.
COMPANIES
Timid fearsTimid fears
Private oil companies express concern over the state's strengthening participation in the sector
The main trend over the past several years in the Russian oil and gas sector has been the strengthening of the state's role. In just the past three years, state companies Rosneft and Gazprom have significantly strengthened their positions. Rosneft, by swallowing up Yukos assets, increased its oil production by magnitude of several fold, changing from practically an outsider into the leader in the industry. In turn, Gazprom took control of nearly all the large gas fields which were licensed for development to private companies. Gazprom strengthened its role in Russian oil as well, buying Sibneft which gave it half of the shares in Slavneft previously owned by Sibneft's former main owners.
COMPANIES
Tokarev takes overTokarev takes over
The head of Zarubezhneft replaces Semyon Vainshtok at the helm of Transneft
There are quite a few executives in Russia whose names are intractably associated with the companies they run. Semyon Vainshtok is beyond doubt one such legendary personality. From 1999 to 2007, he ran the state oil pipeline monopoly Transneft. But in September this year, Vainshtok left that post after accepting an offer from Russian President Vladimir Putin to head the Sochi-2014 Olympic Organizing Committee. Now Nikolay Tokarev is president of Transneft. Prior to his appointment, he ran the Zarubezhneft (Foreign Oil) state company.
04 / 2018