Page 13 - FSUOGM Week 31 2021

FSUOGM NEWS IN BRIEF FSUOGM

RUSSIA more than tripled, and to Romania more up from a loss of 1.03 rubles a year ago.
than quadrupled, while gas deliveries to Operating expenses gained 12.4% to
Gazprom Neft can boost Poland grew by 14.6%, to Greece by 18.8%, RUB109.962bn, and production costs
shrank by 23.8% to RUB19.193bn.
to Bulgaria by 47%, and to France by 6%
hydrogen output to 250,000 to RUB280.102bn. Long-term liabilities
Capital of the company went up 4.8%
tonnes by 2024 Energy ministry asks decreased by 0.2% to RUB186.529bn,
and short-term liabilities rose 37.5% to
Russian oil producer Gazprom Neft government to ban gasoline RUB107.488bn.Oil output grew by 11.5% on
will develop hydrogen production and the year.
transportation technologies and will more exports fast
than double output of the gas to 250,000
tonnes by 2024 from the current 100,000 The Russian Energy Ministry has suggested Russia sees OPEC+ output
tonnes, the company said in a statement on the government accelerate gasoline
August 3. export prohibition, the authority said in a rise meeting market
"Gazprom Neft has entered the council statement on July 30.
of industrial partners of consortium "The Energy Ministry of Russia demand
Technological Hydrogen Valley. The addressed the government of the Russian
company will participate in the projects Federation asking it to issue an accelerated The oil production increase in the
of production, transportation and use of order launching the procedure of gasoline framework of OPEC plus deal is not too
hydrogen, and recycling of carbon dioxide," exports prohibition," the ministry said. aggressive for the market, Deputy Prime
the company said. Energy Minister Nikolai Shulginov said Minister Alexander Novak said on July 30.
Sibur, Russian Railways, Severstal, on July 28 that the Ministry would analyze "No, we do not see it like this. We see
Rosatom, TMK and other companies are gasoline exchange trade later last week to this as quite reasonable," Novak said, when
also participants of the consortium. decide whether it should ban the exports. asked whether the output growth was too
He also said that the exports would be fast.
banned for three months at least. "Demand is growing, consumption is
Tatneft says oil output growing. There is the coronavirus, various
waves of it but there is still a general
rises to 15.6mn tonnes in Report: Russia’s oil output understanding that there are no lockdowns
of the scale that used to be, transportation
January-July rises 0.3% to 10.461mn bpd is recovering. We see it by consumption.
This is why we need to satisfy the market
The oil output of Russian oil company in July and raise production in order to balance
Tatneft rose by 536,200 tonnes on the year demand and supply," he said.
to 15.633 million tonnes in January–July, Russia’s oil and gas condensate output grew The OPEC plus alliance agreed on July 18
the company said in a statement on August by 0.3% on the month to 10.461 million to prolong its oil output reduction deal until
3. barrels per day in July, Bloomberg reported the end of 2022 and to increase combined
Oil output of the Tatneft group of on August 2, citing the Energy Ministry’s oil production by 400,000 barrels per day
companies increased by 520,700 tonnes to CDU TEK dispatcher department. each month starting from August 2021.
15.806 million tonnes in the period. Oil output grew by 11.5% on the year.

Gazprom gas output rises Slavneft swings to Russian Finance Ministry
to return benefits to oil
18.4% to 298.2 bcm in RUB11.384bn IFRS net profit workers only after OPEC+

January-July in Jan-Jun

The gas output of Russian gas giant Oil company Slavneft, a joint venture deal is over
Gazprom increased 18.4% on the year to of Russian oil companies Rosneft and The Russian Ministry of Finance considers
298.2 billion cubic meters in January–July, Gazprom Neft, posted an RUB11.384bn it inappropriate to return the privileges
the company said in a statement published January–June net profit attributable to the for the production of extra-viscous and
on its Telegram channel on August 2. shareholders against a RUB4.888bn net loss high-viscosity oil canceled from 2021 until
Gas supplies to the internal market in the same period of 2020, as calculated the completion of the OPEC+ deal, under
from Gazprom’s gas transmission system under International Financial Reporting which Russia limits its oil production,
increased by 15.4%, or by 19.8 billion cubic Standards (IFRS), the company said in a Deputy Finance Minister Alexei Sazanov
meters, in the period. report on July 30. told reporters on July 30.
Gas exports to the non-CIS states grew Revenue increased by 41.4% on the "The OPEC+ deal has not been
by 23.2% on the year to 115.3 billion cubic year to RUB132.234bn in the period, while completed, here is the answer. Our position
meters in the period. Exports to Germany operating profit stood at RUB22.905bn is the same - while the OPEC+ deal is
rose by 42.2%, to Italy by 16.2%, to Serbia against a RUB3.907bn net loss. Basic working, it is inappropriate to return the
more than doubled on the year, to Turkey earnings per share amounted to RUB2.39, benefits. As soon as we withdraw from

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