OIL AND GAS CONSULTING CENTER
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WEEKLY NEWS DIGEST 25-31.01.2016

 
The last week was heavy for oil and gas industry. The Government strengthened the pressure on the state company Ukrnafta aiming to receive tax payments. State geological and subsoil service suspended 4 licenses of the company. The statistical data published recently speaks of the shrink of gas consumption in Ukraine. Also the sale of the controlling pocket of shares of KUB-Gas was completed, but there is no official news yet. Yet the next week we will know the details.
 
CONTENTS
 
OIL AND GAS FIELD WEEKLY REVIEW
UKRAINIAN COMPANIES
Naftogaz may recover double compensation from Gazprom - AMCU
Head of Ukrgasdobycha gets a salary of 1 million UAH - media
Naftogaz started selecting candidates for the positions of managers for risk management and compliance
Naftogaz will reduce gas prices for the industry by 0.4% to 2.9% in February
Head of Ukrnafta proposed the government to reduce royalty for subsoil use
Ukrnafta will probably be fined to the amount of 2 billion UAH
INTERNATIONAL COMPANIES
AMCU imposed a fine upon Gazprom in the amount of 3.4 billion USD
JKX shareholders replaced the Board of Directors of the company
Lukoil takes leave of Lithuania
INFRASTRUCTURE
Ukraine’s petroleum products market decreased by 5% in 2015
Gosgeonedr suspended four licenses of Ukrnafta due to debts
Russian gas transit cost will remain unaltered until a new contract - Demchishin
POLITICS AND WORLD
Ukraine reduced natural gas consumption by 21% in 2015
Nord Stream pumped 39.1 BCM of gas in 2015
Kazakhstan reduced oil production in 2015
Saudi Arabia was ahead of Russia in terms of oil production in November