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ONGC: Russia’s Sakhalin-1 oil output at 200,000 bpd

Green Car Congress

India’s state-run Oil and Natural Gas Corp (ONGC) said that oil output from the Sakhalin-1 project in Russia has returned to a plateau level of 190,000 - 200,000 barrels per day (bpd) from zero. The parties also noted a significant increase in turnover between Russia and India. of the Rosneft’s subsidiary JSC Vankorneft since 2016.

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When Will Russia Run Out Of Oil?

Green Car Congress

On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016. In 2015, only seven new hydrocarbon discoveries were made in Russia, three of them in the Baltic Sea.

Russia 150
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Volkswagen Group expands presence in Russia with agreements with GAZ

Green Car Congress

The Volkswagen Group and GAZ Group have extended their manufacturing agreement for Volkswagen and ŠKODA models in Russia until 2025. Petersburg and other major cities in Russia as well as some export markets. Furthermore, the Volkswagen brand will in future supply 2.0 Volkswagen Truck and Bus.

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Automotive sales in Russia in 2015 down 35.7%

Green Car Congress

Sales of new passenger cars and LCVs in Russia decreased by 457% in December 2015, with a 35.7% drop for the entire year, according to figures released by The Automobile Manufacturers Committee of the Association of European Businesses (AEB) in Russia. AEB member forecast for the total market in 2016 is to reach 1.53

Russia 150
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Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Energy is the foundation of Russia, its economy, its government, and its political system. Even a casual glance at the IMF’s World Economic Outlook statistics for Russia shows the tight correlation since 1992 between GDP growth on the one hand and oil and gas output, exports, and prices on the other (economic series available here ).

Russia 150
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Volkswagen Group inaugurates its own engine plant in Russia

Green Car Congress

Following three years of construction, the Volkswagen Group today inaugurated its new engine plant at Kaluga, Russia. Through the construction of the engine plant, Volkswagen is stepping up its industrial activities in Russia. The plant will produce the newly developed 1.6-liter

Russia 150
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Volkswagen Group lays foundation stone for new engine plant in Russia; part of $1.1B investment in Russia over next three years

Green Car Congress

The Volkswagen Group is the largest foreign automobile investor in Russia. billion) in local production and new models for Russia. billion) in Russia over the next three years. For the Volkswagen Group, Russia is currently its sixth-largest individual market, after China, Germany, Brazil, the USA and Great Britain.

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