English Edition

India's Power Struggle

Τετ, 23 Σεπτεμβρίου 2009 - 20:20

India's hunger for power is growing fast and its government is aggressively courting private investors, a move that has resulted in an avalanche of initial public offerings of power companies from some of country's biggest industrial houses.

Russia To Export 210,000 Tons Of Oil To China Oct-Dec

Τετ, 23 Σεπτεμβρίου 2009 - 20:19

Russia's oil exports to China are forecast to be 210,000 metric tons in October-December, TsDU-TEK, which provides data and analysis to the Energy Ministry, said in a document seen by news agency Prime-Tass Wednesday.

Brazil Shared Oil Production To Maximize Gov Revenue

Τετ, 23 Σεπτεμβρίου 2009 - 20:18

Brazil's government aim in having a shared production regime for its sub-salt oil reserves is to maximize oil revenue, the Estado News Agency reported Wednesday.

Russian Min Sees '09 Natural Gas Output At 580BCM

Τετ, 23 Σεπτεμβρίου 2009 - 20:17

Russia's Economic Development Ministry expects the country's natural gas output to amount to 580 billion cubic meters in 2009, according to the draft federal budget for 2010-2012 approved by the Russian government Wednesday.

Gazprom Ups Stake In Gazprom Neft Sakhalin To 100%

Τετ, 23 Σεπτεμβρίου 2009 - 20:16

Russian oil major OAO Gazprom Neft (SIBN.RS) has brought its stake in subsidiary Gazprom Neft Sakhalin to 100%, according to a Gazprom Neft statement seen by Prime-Tass Wednesday.

PPC Pans

Τετ, 23 Σεπτεμβρίου 2009 - 15:19

Public Power Corp, Greece’s biggest electricity company, approved plans to proceed with a 350-million-euro Cycladic interconnection project that will provide improved power supply to the islands of Syros, Paros, Naxos and Myconos. The company will call for bids for the project following a two-month public consultation, according to an e-mailed statement yesterday.

Venezuela Aims For $80 A Barrel Floor On Oil Prices

Τρι, 22 Σεπτεμβρίου 2009 - 17:44

Venezuela aims to build an oil price floor of $80 a barrel to boost its oil production in the coming years, Oil Minister Rafael Ramirez said Tuesday.

Investment In Russia's Shtokman Gas Field Hits $500M

Τρι, 22 Σεπτεμβρίου 2009 - 17:42

Companies developing the Shtokman gas condensate field in the the Barents Sea have invested $500 million, Russian news agency RIA Novosti reports on its Web site Tuesday, citing the project operator.

Lukoil Delays Launch Of Caspian Sea Field Until March 2010

Τρι, 22 Σεπτεμβρίου 2009 - 17:41

Russia's largest independent oil producer by output OAO Lukoil Holdings (LKOH.RS) has postponed the launch of its Yuri Korchagan field in the Caspian Sea by three months to March 2010, the company's Chief Executive Vagit Alekperov said Tuesday.

Deputy PM: Russia Plans Wave Of Privatizations

Τρι, 22 Σεπτεμβρίου 2009 - 17:39

Russia is planning a wave of privatization that could see stakes sold in ports, airports, shipping companies and oil company OAO Rosneft (ROSN.RS) in the second half of 2010, the Financial Times reports on its Web site Tuesday, citing First Deputy Prime Minister Igor Shuvalov.

Ukraine President: Budget-Fighting Biggest Threat To Economy

Τρι, 22 Σεπτεμβρίου 2009 - 17:37

Ukraine has experienced an economic renaissance over the last three years, but the lack of a budget agreement in government is the biggest threat to financial stability, said President Viktor A. Yushchenko Monday at an event in New York hosted by the Council on Foreign Relations.