FSUOGM - Former Soviet Union Oil & Gas
China’s Shandong Yulong Petrochemical to double Russian crude imports in November
China’s Shandong Yulong Petrochemical Co. plans to raise its Russian crude imports to a record 370,000-405,000 barrels per day (bpd) in November, about twice its usual volume
Indian refiners pause Russian oil purchases after fresh US sanctions
Several Indian refiners have paused new purchases of Russian crude oil after the United States imposed additional sanctions on Moscow’s top exporters
COMMENT: Sanctions on Rosneft and Lukoil are symbolic and won’t stop its oil exports
The Trump administration’s sanctions on Russian oil giants Rosneft and Lukoil, announced on October 22, may appear decisive at first glance, but they are not going to make a material difference to Russia’s export of oil, says Sergey Vakulenko.
Russia's Lukoil to sell international assets as a result of new US oil sanctions
Russia's second-largest oil producer, the privately owned Lukoil, will sell its international assets as a result of the new oil sanctions imposed by US President Donald Trump last week.
KMG launches debut $175.5mn offshore yuan bond under new MTN programme
KazMunayGas (KMG), Kazakhstan’s state-owned oil and gas company, has closed the order book for its inaugural five-year senior unsecured bond worth CNY1.25bn ($175.5mn) in the offshore Chinese yuan (CNH), the company announced on October 24.
BP to launch subsea intervention operations in the Caspian Sea
BP is preparing to commence subsea well intervention operations at multiple wells in the Deepwater Gunashli area of the Caspian Sea.
Azerbaijan’s condensate output drops 6% while LPG and associated gas production rise
In January–September 2025, Azerbaijan produced 3,714,060 tonnes of gas condensate, a 6% decrease y/y, according to the State Statistics Committee.
North Macedonia’s PM says no risk of gas shortages despite new Western sanctions on Russia
Serbia’s Vucic expects breakthrough on NIS sanctions next week
Serbia’s President Aleksandar Vucic said he expects progress next week on resolving the situation around the Oil Industry of Serbia (NIS), after US sanctions on the country’s sole oil refiner took effect earlier this month.
Berlin seeks US waiver to shield Rosneft’s German refineries
Germany is seeking a United States sanctions waiver for the German subsidiaries of Russian oil company Rosneft in order to keep three refineries
Pan-Baltic investigative report finds Baltic firms ‘quietly powering’ Russia’s shadow fleet
Russia’s “shadow fleet” keeps the oil flowing despite sanctions – and some of the fuel helping it along may come from the Baltics, an investigation by LRT, 15min, Eesti Ekspress and Neka personiga has found.
Gasoline shortage on Tajikistan’s market linked by government sources to Ukraine’s attacks on Russian refineries
EU agrees on gradual Russian gas phase-out
The EU has approved a plan to gradually phase out imports of Russian gas starting in 2026, covering both pipeline and LNG supplies.
Eni halts Russian gas flows via Turkey's Blue Stream pipeline
“In simple terms,” he added. “Eni intends to completely withdraw from operations linked to the Blue Stream gas pipeline.”
US slaps heavy energy, financial sanctions on Russia
Mongolia says petrol supply remains stable despite “current situation” in Russia
Mongolia’s petrol supply remains stable despite “the current situation” in Russia, the country’s Minister of Industry and Mineral Resources Damdinnyam Gongor told a press briefing, as reported by official state news agency Montsame.
US expands oil sanctions on Russia
US President Donald Trump imposed his first sanctions on Russia’s two largest oil companies on October 22, the state-owned Rosneft and the privately-owned Lukoil in the latest flip flop by the US president.
India’s Reliance says it will comply with Western sanctions while maintaining supplier ties
Bulgaria tightens control over Lukoil sale after fresh US sanctions on Russia
Bulgaria’s parliament passed new legislation tightening state control over the sale of Russian oil major Lukoil’s assets in the country, after Washington imposed fresh sanctions on Russia’s top energy firms.
EU enacts sanctions package on Russia moving forward ban on LNG imports
Ban on imports of Russian LNG has been moved forward one year to January 2028.
Ukraine suspends gas storage as Russian strikes and Polish pipeline work disrupt supplies
Ukraine has temporarily halted the injection of gas into its underground storage facilities after Russian strikes on energy infrastructure and the suspension of gas imports from Poland.
Turkmenistan’s TAPI gas pipeline takes off
Turkmenistan's 1,800km TAPI gas pipeline breaks ground after 30 years with first 14km completed into Afghanistan, aiming to deliver 33bcm annually to Pakistan and India by 2027 despite geopolitical hurdles.
Russia's Transneft says Kazakh oil exports to Germany could rise to 2.5mn tonnes a year
Russia’s state-owned pipeline operator Transneft has said it considers it feasible to raise annual oil supplies from Kazakhstan to Germany via Russian territory to 2.5mn tonnes, Interfax reported on October 23.
Kazakhstan’s QazaqGaz completes Taldykorgan–Usharal gas pipeline 16 months ahead of schedule
Kazakhstan’s state-owned gas company QazaqGaz has completed the 303-kilometre (188-mile) Taldykorgan–Usharal main gas pipeline more than a year ahead of schedule, Pipeline Journal reported on October 23, citing a government announcement.
Azerbaijan's Oil Fund's assets exceed $70 bn as of end-September 2025
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) reported total assets of $70.162 bn as of September 30, 2025, in a press release, marking a 16.9% increase since the beginning of the year.
China’s state-owned oil giants halt Russian crude purchases in response to US sanctions
China’s state-owned oil giants have paused their purchase of Russian crude oil in response to recent US sanctions targeting Moscow’s two largest oil firms, Rosneft and Lukoil
Russia intensifies strikes on Ukraine’s energy system, crippling gas output
Russia launched a major overnight missile and drone assault against Ukraine’s energy infrastructure, severely damaging power and gas facilities as winter draws near.
Chevron-led Tengiz consortium in Kazakhstan to resume oil exports via BTC pipeline in November
A Chevron-led consortium developing Kazakhstan’s largest oilfield Tengiz plans to resume exports through the Baku–Tbilisi–Ceyhan (BTC) pipeline next month, following a 3-month suspension, Reuters reported on October 23, citing three sources.
Kazakh gas flows to Russia’s Orenburg processing plant resume after drone strike disruption
Gas deliveries from Kazakhstan’s Karachaganak field to Russia’s Orenburg Gas Processing Plant have resumed following a temporary suspension caused by a Ukrainian drone strike, RFE/RL’s Kazakh Service reported on October 23.
Kazakhstan to extend fuel price freeze amid rising Russian costs, minister says
Kazakhstan will maintain its freeze on domestic fuel prices until at least next spring as it seeks to contain inflation driven by soaring energy costs in neighbouring Russia, Reuters reported on October 23, citing Economy Minister Serik Jumangarin.
US imposes sanctions on Rosneft and Lukoil, calls for immediate ceasefire
The United States has imposed sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, in an effort to curtail war financing and press Moscow towards an “immediate ceasefire.”
Reports say Kyrgyzstan showing signs of fuel shortages as Ukraine’s attacks on Russian refineries continue
Kyrgyzstan has reportedly started showing signs of fuel shortages amid the Ukrainian drone attacks on Russian refineries that are curtailing Russia’s fuel exports.
EU dismisses Serbia's fears over Russian gas transit ban
The EU has rejected claims that a new package of sanctions targeting Russian gas imports will cut off energy supplies to Serbia, following sharp criticism from Belgrade over the bloc’s latest move to reduce dependence on Russian fossil fuels.
Turkmenistan’s nine-month gas exports to China decline 13% to $6.5bn, Russia ahead at $7.3bn
India’s Hindustan Silichine commits $50mn to oil field development in Georgia
The agreement, signed with the LEPL State Agency of Oil and Gas and the Georgian Oil and Gas Corporation (GOGC), includes deepening seven existing wells and drilling two new exploratory wells using modern, high-tech methods over the next four years.
Maintenance works at Kazakhstan’s Tengiz oilfield scheduled for completion on Oct 24
Maintenance works at Kazakhstan’s Tengiz oilfield, the country’s largest crude production field, operated by Chevron-led Tengizchevroil (TCO), are reportedly scheduled for completion on October 24.
MOL says no risk to domestic fuel supply after Danube refinery blaze
Fires broke out at refineries in both Hungary and Romania in recent days.
Tenth sanctioned tanker delivers cargo from Arctic LNG 2 to Chinese port
A tenth sanctioned LNG carrier has delivered a cargo from Russia’s Arctic LNG 2 facility to China’s southern Beihai LNG terminal.
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