Page 3 - FSUOGM Week 35 2020
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FSUOGM                                         CONTENTS                                            FSUOGM



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                                            FSUOGM







                                                 FSU Oil & Gas Monitor





                         COMMENTARY                                                            4
 KEEP                    NEWSBASE’S ROUNDUP GLOBAL (NRG)                                       5
                         Gazprom suffers worst quarter in at least a dozen years





                         Risks to stability

  YOUR                   PIPELINES & TRANSPORT                                               10

                         EBRD takes 25% stake in Moldovan pipe


                         INVESTMENT

                                                                                             11
                         Novatek sets H1 dividends, but fails to impress
 EYES                    Russian-Uzbek JV to oversee MTO project                             12


                         PERFORMANCE

                         KMG earnings halve in H1
                                                                                             12
                                                                                             13
                         Lukoil posts loss in Q2, but dividends seen as safe
 ON                      POLICY                                                              14



                         Ukraine's Naftogaz vows not to give up in licence dispute

                                                                                             14
                         Rosneft seeks tax changes after losses
  THE                    Iran, Russia and Turkey seek to undermine Syrian oil deal           15

                                                                                             16
                         Azeri budget changes highlight hit to finances from oil and virus
                         PROJECTS & COMPANIES

                         Gazprom Neft brings two remote fields on stream
                                                                                             17
 BALL                    Rosneft fully covered cost of Black Sea drilling, not Eni           17

                                                                                             18
                         Russian PM orders Rosneft to resume Sakhalin oil production
                         Turkmen petchems plant reaches full capacity
                                                                                             18
                                                                                             19
                         Nostrum defaults on interest payments
                         NEWS IN BRIEF                                                        19


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