News

Sulphur Market Research: Growth Dynamics and Forecasts from 2023 to 2028

27.11.2023

The sulfur market, critical to many industries, has experienced significant change and growth in recent years. This market is segmented on the basis of form (solid and liquid), technology (pellets, pastilles, and prilling), end-user industry (fertilizers, chemical processing, metal fabrication, rubber processing, and others), and geography (Asia Pacific, North America, Europe, South America, Middle East, and Africa). Sulfur market analysis and growth The sulfur market size was 77.30 million metric tons in 2023 and is expected to grow to 97.41 …

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Oil industry companies reduce their environmental impact

27.11.2023

Environmental risks associated with oil production and refining are a significant issue in the expert community. In Russia, enterprises of the fuel and energy complex, including those specializing in oil production and refining, have a serious impact on the environment. This impact is felt in the form of air emissions, solid waste, discharges of polluted water and greenhouse gas emissions. Carbon neutrality and carbon dioxide utilization Achieving carbon neutrality requires the oil and gas industry to take steps to capture, …

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State Duma approves protocol on customs-free bitumen supplies to Armenia

27.11.2023

The State Duma Energy Committee has approved the ratification of a protocol that amends the intergovernmental agreement between Russia and Armenia. This agreement, signed on December 2, 2013, establishes a framework for the supply of natural gas, oil products and rough natural diamonds from Russia to Armenia. An important aspect of the agreement is the list of oil products exported to Armenia for domestic consumption without export customs duty. According to the new protocol, signed on June 1, 2023, the …

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Poland names condition for rejection of propane-butane from Russia

27.11.2023

Poland is considering halting imports of propane-butane (liquefied petroleum gas) from Russia, but this decision requires coordination with other members of the European Union and will depend on the decision of the EU Council. According to government spokesman Piotr Muller, the initiative is within the competence of the Council of the European Union and no decision has been taken so far, so the import ban has not yet come into force. Asked why Poland had earlier stopped importing Russian coal …

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Novatek intends to increase condensate production in 2023

24.11.2023

Novatek, one of the key players in the Russian energy industry, plans to increase production of liquid hydrocarbons in 2023, mainly due to growth in gas condensate production. According to Leonid Mikhelson, the company’s chairman of the board, despite the expected “significant drop” in oil production, the overall growth in liquid hydrocarbon production will be about 2-2.5%. Novatek’s gas production in 2023 is expected to be at a level comparable to last year, approximately 82 billion cubic meters or slightly …

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DOE expects coal exports to stabilize during 2023

24.11.2023

In 2023, Russia’s coal exports are expected to remain at last year’s level, reaching about 220 million tons. This level is supported by stable demand, especially from Asian countries, which is a key factor in the Russian coal industry.Russia’s coal production is also expected to remain at 2022 levels, with projected production and export volumes of 440 million and 220 million tons, respectively. These volumes are supported by statistics from the first five months of 2023, with coal production up …

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