Archive for the ‘pipeline’ Category

Russia Increases Oil Production   1 comment

Russia, the world’s largest oil producer, has increased monthly crude output by 0.3 percent in May of 2013, to the highest level of the year,according to preliminary data from the Energy Ministry’s CDU-TEK unit.

Output of crude and condensate was 44.3 million metric tons, or 10.481 million barrels a day.

OAO Gazprom (GAZP), Russia’s gas export monopoly, boosted output by 5.8 percent to 353,000 barrels a day. OAO Rosneft (ROSN), the world’s largest publicly traded oil producer, and its subsidiary OAO TNK-BP produced 3.85 million barrels last month, up 0.3 percent from April, according to the data.

Russia set a post-Soviet-era production record of 10.49 million barrels a day in November. Soviet-era production in Russia peaked in 1987 at 11.48 million barrels a day. President Vladimir Putin has called for production to be maintained at more than 10 million barrels.

For more information on the Russian oil industry, contact RADA LLC, a leading provider of due diligence services in Russia, the Caucasus, and Central Asia.

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2013: The Year of the Snake   Leave a comment

year-of-the-snake

RADA conducts due diligence and business intelligence investigations in Russia, Ukraine, Belarus, Poland, Romania, Moldova, Latvia, Lithuania, Estonia, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.

RADA LLC: Offering Due Diligence in Azerbaijan   Leave a comment

RADA LLC is well established in Baku, and offers a complete range of investigative, due diligence, and background check services throughout Azerbaijan.

Russia to Boost Oil Exports to China   Leave a comment

Prime Minister Vladimir Putin opened the Russian section of an oil pipeline that will boost oil exports to China from East Siberia.

“This is an important project because we are beginning to diversify the delivery of our energy resources,” Putin said at today’s opening of the pipeline in Skovorodino in Russia’s Far Eastern Amur region, in comments posted on his official website. “Thus far, shipments were made to our European partners.”

Putin said Russia is currently pumping 120 million to 130 million tons of oil to Europe and only “a small amount to Asia Pacific,” according to comments on his site.

“The China-Pacific pipeline is the most important energy project in Russia since the opening of the gas pipeline to Europe,” said Chris Weafer, chief strategist at UralSib Financial Corp., in e-mailed comments today. “It means that Russia’s strategic importance to China has increased considerably.”

Construction of the 64-kilometer (40-mile) pipeline on the Russian side was launched by OAO Transneft, the oil pipeline monopoly, in April 2009, according to Vesti-24 television. From the border, the pipeline will run a further 960 kilometers to the Chinese town of Daqing, located in the country’s northeast. China will begin testing after completion of its section of the pipeline in late September, Vesti added.

Igor Sechin, Putin’s deputy for energy, said Russia would also open 500 gas stations across China, Vesti added.

Russia and Ukraine Agree on Natural Gas and Port of Sevastopol   Leave a comment

Russian President Dmitry Medvedev and Ukrainian President Viktor Yanukovych announced an agreement ending years of animosity between the two former Soviet republics at the end of a one-day summit in the eastern Ukrainian border city of Kharkiv.

Russia agreed to a 30 percent drop in the price of natural gas sold to Ukraine, in exchange for permission to extend Russia’s lease of a major naval base in the Black Sea port of Sevastopol, Ukraine, for 25 years.

The agreement may bring an end to years of disputes over natural gas prices, which culminated in Russia turning off the pipeline to Ukraine.

Ukraine and Russia had been at odds ever since the “Orange Revolution” swept Yanukovych’s anti-Russian predecessor Viktor Yushchenko to power in 2005.

Throughout his time in office, Yushchenko repeatedly threatened to expel Russia’s Black Sea Fleet from Sevastopol. The Russian military lease there was scheduled to expire in 2017.

The Kremlin-friendly Yanukovych, who hails from predominantly Russian-speaking eastern Ukraine, trounced Yushchenko in national elections in January.

The Russian president said the new deal added a “concrete and pragmatic dimension,” to centuries of relations between Ukrainians and Russians.

Yanukovich Inaugurated as Ukrainian President   Leave a comment

KIEV, UKRAINE: 25.FEB.2010: Viktor Yanukovich vowed to steer Ukraine on a course between Russia and the west as he was sworn in as Ukraine’s president today.

”Ukraine will choose such a foreign policy that will allow the state to get the maximum results from the development of equal and mutually advantageous relations with Russia, the European Union, the US and other governments,” he said at his inauguration ceremony in the country’s parliament.

He went on to describe his vision of Ukraine as a “neutral European state”.

Relations with Moscow soured under his predecessor Viktor Yushchenko, who pushed for Kiev to join Nato. To the satisfaction of Moscow, which strongly opposes Nato’s eastward expansion, Mr. Yanukovich has pledged to keep Ukraine out of any military bloc.

Despite a controversial background, which includes two stints in jail for petty crimes during his youth, Mr. Yanukovich’s victory, in an election dubbed largely democratic, has been well received by both Russia and the west. His inauguration was attended by senior officials from Brussels, Russia and former Soviet republics.

Mr. Yanukovich’s political career seemed doomed after he lost the 2004 presidential contest as the Moscow-backed candidate. This time round he capitalized on bitter rivalries between the Orange Revolution leaders and narrowly beat Prime Minister Yulia Tymoshenko in a February 7 run-off vote.

Despite winning the presidency, Mr Yanukovich has yet to consolidate enough political power in Kiev to push through his agenda.  In the near term, he will seek to remove Tymoshenko from her post as as prime minister, a position that holds more authority over domestic affairs than the presidency.

The most controversial of Mr. Yanukovich’s alleged plans include prolonging the stay of Russia’s Black Sea fleet at a Ukrainian port. Another controversial plan could give Russia, Europe and Ukrainian businessmen loyal to him a management stake in Ukraine’s strategic natural gas pipeline via a consortium. Granting Russian official state language status would be welcome in the heartland of his support in eastern Ukraine, but it would alienate western Ukraine, which speaks Ukrainian.

Russia’s Arctic Treasures   Leave a comment

The seabed of the arctic, especially the continental shelf north of Russia, is believed to be a fresh treasure trove of oil, natural gas and precious minerals. They were atu_160ll inaccessible throughout history because the severe cold weather and the great ice cap made geological prospecting, let alone extraction, virtually impossible. But thanks to global warming, that is changing fast.

The Russian government takes the prospect of an energy and mineral bonanza beneath the melting arctic ice extremely seriously.

Former Russian President Vladimir Putin authorized the resumption of long-range strategic bomber patrols over the Arctic Ocean after a long hiatus.

The slow-flying but long-endurance Tupolev Tu-95 Bear turboprop-powered bombers have exceptional range, and their relatively low fuel consumption allows them to stay aloft for unusually extended periods of time.

The Russian air force also has sent its most formidable, prestigious and expensive aircraft, the incomparable Tupolev Tu-160 White Swan (NATO designation Blackjack) on these arctic patrols as a further demonstration of how serious it is about enforcing its rights in the region.