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Influence of OPEC+ 2020 Deal on Oil Production in Russia - Key Changes for Russian Oil Companies - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Russian Oil Production and Export in Time of Low Prices and OPEC+" report has been added to ResearchAndMarkets.com's offering.


Since May 2020, Russia has been in the second, much tighter version of the OPEC+ deal. It has already "eaten away" about 9% of national production - and this for the past year, too, of which for four months the restrictions were nominal rather than actual. This is a completely unprecedented artificial cut in both production and export. What effect this will have on the industry in the medium term remains open to question.

What is going on in the production segment of the Russian oil industry? What is happening in export which is sagging even more than production? Is there actually a chance of restoring production and regaining the lost positions on the key markets? The analyst will attempt to answer these questions in its new report.

The report gives a detailed account of the following aspects:

Compliance

  • When Russia joined the new deal, the Energy Ministry said that all companies without exception would have to cut down production on a proportional basis. However, by no means all corporations have complied with the order.
  • Who, then, has upheld the deal and who has not?
  • The report will make it possible to assess how Russia, in general, has upheld the deal

What has been cut?

  • Another important aspect is the uneven distribution of production cuts across fields. The companies decided themselves where to cut production.
  • You will find in the report the "cutting profiles" of the Russian integrated oil companies that will show what projects have experienced the most serious production decline and what fields have been left untouched.
  • You will also see the connection between the production cut decisions and the tax treatment of the projects. This will offer a clearer understanding of the actual medium-term prospects of the Russian upstream sector.

Key Topics Covered:

INFLUENCE OF OPEC+ 2020 DEAL ON OIL PRODUCTION IN RUSSIA. KEY COMPANIES' COMPLIANCE DISCIPLINE

CHANGES AT KEY PRODUCTION ASSETS OF RUSSIAN OIL COMPANIES

  • Rosneft
  • Bashneft
  • Lukoil
  • Surgutneftegas
  • Gazprom Neft and Gazprom
  • Tatneft
  • Slavneft
  • Independent Petroleum Company
  • Production Sharing Agreements

STRATEGY OF RUSSIAN INTEGRATED OIL COMPANIES IN TIME OF OPEC+ DEAL: RESULTS OF 2020 AND FORECAST FOR 2021

OPEC+ 2020 DEAL EFFECT ON RUSSIAN OIL EXPORT

  • Dynamics of Russian oil export broken down by main channels and destinations
  • Sales of Russian Oil by Key Blends. Export Oil 'Lightening' Problem
  • Prospects for Promoting Russian Oil to Chinese Market
  • Change of US Export Preferences: Focus on Europe

MEDIUM-TERM IMPLICATIONS OF OPEC+ DEAL FOR RUSSIAN OIL INDUSTRY

For more information about this report visit https://www.researchandmarkets.com/r/272nm9

About ResearchAndMarkets.com

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