PetroNeft Resources mini refinery opens up new revenue stream (Interview)

PetroNeft Resources plc (LON:PTR) CEO David Sturt joins DirectorsTalk to discuss the testing of its mini oil refinery. David explains what this now means for the company, how it was completed without the use of any subcontractors, what is left to do before the company can take full advantage and what investors should be looking out for in terms of news flow.

PetroNeft Resources plc is a oil exploration and development company focused on Russia. Admitted to the London AIM and Dublin ESM Markets on 27th September 2006.

The Company implement a cost effective, locally driven, operations programme based on a thorough understanding of assets. They have implemented a range of low-cost measures aimed at stabilizing production at existing wells, identifying new opportunities for low cost exploration and development and reducing costs through more effective use of its assets.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles like this

Oil settles higher

Oil prices settled higher on Monday after a major U.S. fuel pipeline said it could largely restart within the week after a cyberattack forced its shutdown. Potential U.S. demand growth boosted crude prices, offsetting fears that a resurgent

Oil rises to $67

Oil rose to $67 a barrel on Monday as optimism over a strong demand rebound in countries including the United States and China countered concern about a surge in India’s coronavirus cases and higher OPEC+ oil supply. India

Oil prices extend gains

Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts of recovering demand outweighed concerns about the impact of rising COVID-19 cases in Brazil, India and Japan. Brent LCOc1 rose 49 cents, or 0.7%, to

PetroNeft Resources continues operational success

PetroNeft Resources plc (LON:PTR), an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, has announced the

Oil prices rise today

Oil prices rose on Friday on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease, but worries about India’s raging second wave of COVID-19 cases kept a

Oil climbs to four-week high

Oil prices extended gains on Friday and were on course for a weekly gain of about 7% with an improved oil demand outlook and strong economic recoveries in China and the United States offsetting concerns about spikes in