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Russia and Caspian upstream in brief

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The Russia and Caspian upstream in brief provides Wood Mackenzie's expert opinion and analysis of the key events impacting the upstream industry in the region. We draw upon our upstream database and data tools to help deepen our clients' understanding of the region. The report primarily focuses on exploration and appraisal drilling, project developments, production, licensing, fiscal and regulatory changes, geopolitics, and corporate and M&A activity.

Table of contents

  • Global upstream updates: our favourite slides and topics
  • Drone attack reduces critical loading capacity at CPC pipeline’s Black Sea Terminal
  • XRG to buy stake in Azerbaijan’s Southern Gas Corridor Company
  • LUKOIL announces intention sell its international assets
  • Acceptance of Karachaganak gas could resume within three days
  • Russia’s Orenburg GPP halts acceptance of Karachaganak gas following drone strike
  • Ukraine continues drone attacks on Russia’s oil infrastructure
  • Rosneft’s H1 2025 upstream performance remains strong despite sanctions
  • Gazprom continues market diversification in H1 2025
  • Chinese investment in Central Asia high on the agenda at SCO
  • Russia and China sign Power of Siberia 2 memorandum, but no agreement on timing and price
  • Crude oil exports to Hungary and Slovakia through Druzhba halted following drone attacks
  • 288 more item(s)...

Tables and charts

This report includes the following images and tables:

    Kazakh oil and condensate by sales route 9M 2025Southern Gas Corridor and XRG’s Caspian assets*LUKOIL’s entitlement production
    Karachaganak raw gas utilisation*Rosneft key metricsGazprom's H1 capex by business segmentChinese investment projects in KazakhstanDruzhba pipelineIncremental Karachaganak GPP economics under various cost and price scenariosMay 2025 auction resultsEnergy Week deals in AzerbaijanChinarevskoye gas plant capacity and throughput
  • 184 more item(s)...

What's included

This report contains:

  • Document

    Russia and Caspian upstream in brief

    PDF 38.15 MB