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Rosneft Posts Reserve Replacement Ratio Of 172% In 2009

Rosneft Posts Reserve Replacement Ratio Of 172% In 2009

Russia's biggest oil producer OAO Rosneft (ROSN.RS) said Monday it replaced more than one and a half times the amount of hydrocarbons it produced in 2009, posting a reserve replacement rate of 163%.

Russia Commissions 2.4 Mln Tons/Year Export Grain Terminal

Russia Commissions 2.4 Mln Tons/Year Export Grain Terminal

A new export grain terminal with annual capacity of 2.4 million metric tons a year will be commissioned Monday at Tuapse, Russia's second largest Black Sea port, the government of the Krasnodar Region said Monday.

Lukoil: In Talks To Develop Ugandas Lake Albert Basin

Lukoil: In Talks To Develop Uganda's Lake Albert Basin

OAO Lukoil Holdings (LKOH.RS), Russia's biggest independent oil producer, said Monday it is in preliminary talks with Uganda to develop hydrocarbons in the African nation, confirming a media report from last week.

Russian Media Celebrate Ukraine Poll Result; Kremlin Silent

Russian Media Celebrate Ukraine Poll Result; Kremlin Silent

The presidential election in Ukraine is sweet revenge for Moscow after Russia's biggest ex-Soviet neighbor, encouraged by the West, unceremoniously turned its back on a centuries-old bond with the Kremlin, analysts say.

Iran Capable Of Enriching Uranium To Higher Levels

Iran Capable Of Enriching Uranium To Higher Levels

Iran has the technology to enrich uranium to the levels required to fuel a medical research reactor, but would be better able to secure such fuel more quickly via a deal with the West, experts said Monday.

Resourcehouse in US$60bn Coal Deal with China

Resourcehouse in US$60bn Coal Deal with China

Resourcehouse, the Australian coal and iron-ore project developer planning a Hong Kong listing next month, said at the weekend it had signed Australia’s largest export contract worth US$60bn with China Power International Development.

BP Faces Investor Revolt Over Canadian Oil Sands Project

BP Faces Investor Revolt Over Canadian Oil Sands Project

A group of pension funds and asset managers last month filed a resolution asking Royal Dutch Shell to reconsider its involvement in the expensive project, which emits more carbon dioxide than conventional drilling.

RWE, Cutting CO2 Output, to Sell Stake in Coal Plant

RWE, Cutting CO2 Output, to Sell Stake in Coal Plant

RWE AG plans to sell a stake in a coal-fired power plant valued at as much as 80 million euros ($110 million) as Germany’s second-largest utility seeks to lower carbon emissions.

Rescuers Comb Kleen Energy Connecticut Plant After Fatal Blast

Rescuers Comb Kleen Energy Connecticut Plant After Fatal Blast

Rescue crews continued to search for victims of an explosion yesterday that rocked a Middletown, Connecticut, power plant being built by Kleen Energy Systems LP. Five workers were killed and at least 12 wounded, officials said.

Gazprom seeks development of offshore fields in Sri Lanka

Gazprom seeks development of offshore fields in Sri Lanka

Russia’s gas giant Gazprom plans to take part in exploration of offshore hydrocarbon fields in Sri Lanka. Gazprom CEO Alexei Miller and Sri Lankan President Mahinda Rajapaksa, who is visiting Moscow, discussed this issue at the talks on Monday.

Russias LUKoil in Talks to Develop Oil Fields in Uganda

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

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

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

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

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

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.