» June 2002
The JUNE 2002 issue of EASTERN BLOC ENERGY includes the following articles:

Russian oil for America? The CIS exported 1 mn t of oil and 4.5 mn t of products to the USA in 2001. The US Government would like to see a big increase in deliveries and Russian oil reserves are surveyed, showing that there is no reserves constraint. The most likely scenario is exports from new fields in Eastern Siberia and the Far East, with Siberian oil delivered through a planned 50 mn t/yr pipeline from Angarsk to Nakhodka.

Russian oil production in May

Russian oil production and export plans for Q3.

Data on the Bashsibneft enterprise of Western Siberia.

Developments reported by the Lukoil subsidiary in Arkhangelsk Province.

Belye Nochi enterprise idle after Transneft closes oil pipeline.

Gas production target for 2002 raised to 601 BCM.

Russian Government gives approval for new Lukoil products pipeline from Kstovo to Primorsk.

Russian Government expects $1.5 bn from sale of 6.13% stake in Lukoil.

Tatneft get $200 mn credit from Credit Suisse.

Sale and purchase of Gazprom shares could be liberalised.

Russian trade surplus of $16.9 bn in 4 months of 2002 as exports drop 8.4% and imports rise 9.3%.

CIS oil exports continue to run at record levels, making mockery of Russian pledge to OPEC to cut exports.

More data on Lukoil plan for new oil export terminal at Murmansk.

Lukoil planning oil product terminal at Vysotsk, west of Primorsk.

First gas to reach Turkey through Blue Stream this October.

Exxon Neftegaz sign $139 mn contract with Russian shipyard for revamp of Orlan platform for Sakhalin-1 project.

TotalFinaElf buys 52% stake in Vankor oilfield from Anglo-Siberian.

Russian refinery throughput up 1.5% in Jan-May.

Rosneft to spend a further $500 mn on Komsomolsk Oil refinery.

Plan for new oil refinery in south of Tatarstan.

News of expansion at Nizhnekamsk refinery.

YUKOS buy 26.85% and parity with Williams in Lithuanian Mazeikiu refinery.

New exploration tender for 11 blocks in southern Tyumen Province.

Development of huge gas reserves in Obsko-Taz bay held up by Yamal politics.

Hungarian MOL expresses interest in buying 25% stake in Croatian INA>

Bank of New York reduces stake in PKN Orlen of Poland.

FMC win $20 mn contract from Petrom for unloading buoy for Petromidia refinery.



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