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Russias LUKoil in Talks to Develop Oil Fields in Uganda

Russia's LUKoil in Talks to Develop Oil Fields in Uganda

Δευ, 8 Φεβρουαρίου 2010 - 16:12

Russia's largest independent crude producer LUKoil has begun talks with the government of Uganda to develop oil fields in the East African country, Dow Jones reported, citing a company spokesman. LUKoil made an investment proposal to Ugandan President Yoweri Museveni when the company's vice president, Andrei Sapozhnikov, visited the country last Thursday.

Yanukovich to be Ukraine’s Next President – Exit Polls

Yanukovich to be Ukraine’s Next President – Exit Polls

Δευ, 8 Φεβρουαρίου 2010 - 16:11

Party of Regions leader Viktor Yanukovich will be the fourth president of Ukraine, judging by exit polls. Yanukovich gained from 48.7% to 50.26% of votes in the February 7 round, while Prime Minister Yulia Timoshenko gained from 44.2% to 45.6%.

Mottaki Says Iran Is Serious About Nuclear Fuel Deal

Mottaki Says Iran Is Serious About Nuclear Fuel Deal

Σαβ, 6 Φεβρουαρίου 2010 - 11:14

Iranian Foreign Minister Manouchehr Mottaki said his country is serious about accepting a deal to have nuclear fuel produced abroad. “We think all parties have the political will to fulfill this exchange,” Mottaki said in remarks at the Munich Security Conference late yesterday. “The Islamic Republic is also serious. We are approaching a final agreement that can be accepted by all parties.”

PM addresses Sustainable Development Summit

PM addresses Sustainable Development Summit

Σαβ, 6 Φεβρουαρίου 2010 - 11:11

Greece's prime minister George Papandreou, on an official visit to India, on Friday addressed the 2010 Delhi Sustainable Development Summit (DSDS) on the topic of "prospects for sustainable development".

Greece Could Use A Eureka Moment

Greece Could Use A Eureka Moment

Παρ, 5 Φεβρουαρίου 2010 - 18:13

If the European Commission thought approving Greece's latest plan to rein in its bloated deficit would halt the country's debt crisis, Thursday's market action will make it think again.

Greeces PPC Sees 2010 Pretax Profit At EUR626 Million

Greece's PPC Sees 2010 Pretax Profit At EUR626 Million

Παρ, 5 Φεβρουαρίου 2010 - 18:12

Greece's state-controlled electric utility, Public Power Corp. SA (PPC.AT), said Friday that it expects parent company 2010 pretax profit of EUR626 million, up from EUR531 million in 2009.

Gazprom Delays Startup Of Shtokman To 2016

Gazprom Delays Startup Of Shtokman To 2016

Παρ, 5 Φεβρουαρίου 2010 - 18:12

A consortium led by Russian gas producer OAO Gazprom (GAZP.RS) said Friday it has decided to delay startup of the huge Arctic gas condensate development Shtokman by three years to 2016, amid uncertainty about global demand for gas.

Eni Offers Pipeline Deal In EU Antitrust Case

Eni Offers Pipeline Deal In EU Antitrust Case

Παρ, 5 Φεβρουαρίου 2010 - 18:11

Italian oil and natural-gas giant Eni SpA said Thursday it plans to sell stakes in three major pipelines as part of a potential settlement with European Union regulators over alleged anticompetitive behavior by the company's gas-pipeline business.

Russia May Revoke Kovykta License From TNK-BP

Russia May Revoke Kovykta License From TNK-BP

Παρ, 5 Φεβρουαρίου 2010 - 18:09

Russia will review whether Anglo-Russian oil major TNK-BP Ltd. is complying with license terms for its giant Siberian Kovykta project, and may revoke the license, the country's Ministry of Natural Resources said Friday.

Shell to Slash Downstream as Q4 Profits Collapse

Shell to Slash Downstream as Q4 Profits Collapse

Παρ, 5 Φεβρουαρίου 2010 - 18:07

Royal Dutch Shell Plc said it planned even deeper cuts to its oil refining and retail operations after downstream weakness caused a 75 percent fall in fourth-quarter profits to $1.18 billion.

Polish LNG Company Gets Three Offers To Build LNG Port

Polish LNG Company Gets Three Offers To Build LNG Port

Παρ, 5 Φεβρουαρίου 2010 - 18:05

Polish state-owned company Polskie LNG has received offers to build a liquefied natural gas, or LNG, terminal from three consortia, which include Italian, Korean and Polish builders it shortlisted last year, the company said Friday.

Sinopec Says China Needs to Revise Fuel Prices More Frequently

Sinopec Says China Needs to Revise Fuel Prices More Frequently

Παρ, 5 Φεβρουαρίου 2010 - 17:57

China Petroleum & Chemical Corp., the nation’s largest refiner, said revising the country’s fuel prices more frequently than the current 22 days would curb speculation that leads to hoarding of gasoline and diesel.

Tanker Companies may Expand Fleets After Recession

Tanker Companies may Expand Fleets After Recession

Παρ, 5 Φεβρουαρίου 2010 - 14:11

Tanker companies including General Maritime Corp and Tsakos Energy Navigation Ltd may expand their fleets after the recession sent ship costs to five-year lows last year. Prices for five-year-old very-large crude carriers, or VLCCs, dropped to $77.1 million on December 14, the lowest level since March 2004, according to price assessments compiled by the London-based Baltic Exchange.

Russia Energy Deals May Carry High Cost for Turkey

Russia Energy Deals May Carry High Cost for Turkey

Παρ, 5 Φεβρουαρίου 2010 - 14:09

Deals that have strengthened energy ties between Turkey and Russia may boost Ankara’s much desired control over regional gas and oil transit, but at a cost to other foreign players in its downstream market.