Page 124 - RusRPTFeb24

9.2 Major corporate news 9.2.1 Oil & gas corporate news
● Gazprom
Gazprom plans to increase its gas processing capacity to 140bn The company will be able to achieve this figure after implementing projects at the Amur Gas Processing Plant and the complex for processing ethane-containing gas in Ust-Luga, the company’s Deputy Head Oleg Aksyutin said
Gazprom Neft intends to maintain its investment program in 2024 at 2023 level
The investment program will remain at the same level as last year, Gazprom Neft CEO Alexander Dyukov said
● Rosneft
Rosneft produces record 106bn cubic meters of gas in 2023 Sergey Menzhinsky, Vice President of the company, said that the market share was 14%
Rosneft pays $44.57bn in taxes in 2023 The company makes a significant contribution to the Russian budget
● Novatek
Russian Novatek gas plant damaged in suspected Ukraine attack to resume operations within weeks. Novatek's gas-condensate plant caught fire at the port of Ust-Luga in Russia's Leningrad Oblast following a possible coordinated effort by Ukraine to strike key targets deep inside Russian territory, Ukrainian media reported.
● Lukoil
Russia's major oil company LUKoil, announced the shutdown of a crucial "technological installation" at its Nizhny Novgorod refinery, a facility ranking among the nation's top five. The refinery encountered a setback on January 4 when an accident forced the complete cessation of one of its catalytic cracking units. Compounded by Western sanctions, the company struggled to swiftly address the issues, leading to a 50% reduction in gasoline production at the plant.
Kommersant revealed another significant accident at the refinery last month, resulting in the restart of the affected unit with reduced power. The Nizhny Novgorod refinery contributes to 10% of Russia's total gasoline production,
124 RUSSIA Country Report February 2024 www.intellinews.com