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Rosneft, Gunvor Discuss Potential Joint Exploration Projects

Rosneft, Gunvor Discuss Potential Joint Exploration Projects

Russia's state-controlled oil company OAO Rosneft (ROSN.RS) and Cyprus-registered commodities trader Gunvor Group are discussing possible joint exploration and production projects, Rosneft said Tuesday.

Nabucco Ministers Confirm Support for Flagship Project in South Corridor

Nabucco Ministers Confirm Support for Flagship Project in South Corridor

The Nabucco Political Committee-Meeting of the Nabucco Ministers of the Transit Countries convening in Vienna, Austria confirmed the full political support for the Nabucco Gas Pipeline Project and for the existing Intergovernmental Agreement giving comfort to investors and producers.

Alexander Medvedev: Greece Deserves the Best

Alexander Medvedev: Greece Deserves the Best

Gazprom – the world’s largest gas company – is familiar to many in this part of Europe. Over the 15 years that we have been delivering uninterrupted supplies of Russian natural gas to Hellas, the Greeks, I hope, had never had a pretext to doubt our reliability, loyalty to our commitments, and our solidarity

Iran Oil Exports Slightly Rebound in September

Iran Oil Exports Slightly Rebound in September

Iran's crude oil exports rebounded by about 10% in September on higher Chinese sales, a shipping tracker said recently. That would suggest the impact of sanctions on the country's largest source of revenue may be stabilizing after a steep drop in the country's currency.

Iran Says Oil Platforms Targeted by Israeli Cyber Attack

Iran Says Oil Platforms Targeted by Israeli Cyber Attack

Iran's oil platforms have been targeted by cyber attack by Israel and other nations but their operations have not been affected, an Iranian state oil official was quoted as saying Monday.

Gazprom to Increase Supply to Turkey Following Pipeline Blast

Gazprom to Increase Supply to Turkey Following Pipeline Blast

Russian state-run gas company Gazprom OAO (GAZP.RS) said Monday it would boost its supply of gas to Turkey by 60% following an explosion on the Baku-Tbilisi-Erzurum pipeline that halted natural gas shipments from Iran and disrupted flow from Azerbaijan.

Romania January-August Power Output Falls 2.6% on Year

Romania January-August Power Output Falls 2.6% on Year

Romanian energy output fell 2.6% on the year to 15.2 million tons of oil equivalent in the first eight months, on falling production in the hydropower and nuclear sectors, official data showed Friday, news agency Mediafax reported.

Poland to Complete Work on LNG Port in 2014

Poland to Complete Work on LNG Port in 2014

Poland is on track with the construction of its liquefied natural gas port and will complete it in 2014 despite obstacles, Treasury Minister Mikolaj Budzanowski told reporters Thursday.

Iraq Favors Oil Price of $100-$120 a Barrel

Iraq Favors Oil Price of $100-$120 a Barrel

A crude oil price between $100 and $120 a barrel is acceptable to both consumers and producers, Iraq oil minister Abdul Kareem Luaiby said Thursday.

Saudi Arabias Naimi Says Oil Supply Is Ample to Meet Demand

Saudi Arabia's Naimi Says Oil Supply Is Ample to Meet Demand

Crude oil markets are well supplied and inventories remain adequate, Saudi Arabia's oil minister Ali al-Naimi said Thursday, reiterating that the world's top oil exporter can and will meet any additional demand.