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FSUOGM CONTENTS FSUOGM
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FSUOGM
FSU Oil & Gas Monitor
 COMMENTARY
Examining the WTI collapse 4
Russia and Saudi Arabia consider even deeper oil output cuts 6 PIPELINES & TRANSPORT
Transneft boss gets five-year contract extension 7 INVESTMENT
Chevron completes Azerbaijan exit 8 Tatneft first Russian major to scrap dividends 9
PERFORMANCE
Uzbek gas output slides further in Q1 10
Fitch downgrades SOCAR’s outlook 10 POLICY
Russia, Saudi Arabia continue battle for market share, despite proclaimed truce 11
US senator calls for sanctions against Russia, Saudi Arabia 12 Azeri wealth fund feels hit from low prices 13 Russian oil companies to cut output on pro-rata basis 14
PROJECTS & COMPANIES
Novatek acquires new Arctic gas tract 14
Naftogaz attracts investor to boost depleted fields output 15 NEWS IN BRIEF 16
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