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Gazprom To Increase Investments In Far East By 49% Next Year

Τρι, 8 Σεπτεμβρίου 2009 - 17:25

Russian state-controlled gas firm OAO Gazprom (GAZP.RS) said Tuesday it will increase spending in eastern Russia by 49% next year to 100 billion rubles ($3.18 billion) next year from RUB67 billion this year.

Iraq May Delay Shell Gas Deal Until '10 -

Τρι, 8 Σεπτεμβρίου 2009 - 17:24

A multibillion dollar deal between Royal Dutch Shell PLC (RDSA) and the Iraqi government to jointly develop domestic gas infrastructure in Iraq's south could be delayed until after the country's elections in January, a senior Iraqi oil official said Tuesday.

Iran Oil Min: Oil Market Situation Improving

Τρι, 8 Σεπτεμβρίου 2009 - 17:22

Iran's oil minister said Tuesday that the oil market is improving but crude inventories are still high.

Italian Prosecutors Probe Eni On Bribery In Nigeria

Τρι, 8 Σεπτεμβρίου 2009 - 17:20

Italian prosecutors have launched an investigation into the country's energy company, Eni SpA (E), over alleged bribery in Nigeria and have requested the suspension of contracts between Eni and Nigerian National Petroleum Corporation, reports La Repubblica in its Tuesday Internet edition.

Ukraine:Russia Gas Stance Puts European Supply At Risk

Τρι, 8 Σεπτεμβρίου 2009 - 17:19

Ukraine's government said Russia's refusal to amend its natural gas contracts is putting European supplies at risk, RIA Novosti reports on its Web site Tuesday.

GDF Suez Signs MOU With Eletrobras, Eletronuclear

Δευ, 7 Σεπτεμβρίου 2009 - 18:45

French utility GDF Suez (GSZ.FR) has signed a cooperation agreement with Brazilian power companies Eletrobras (LIPR3.BR) and Eletronuclear to exchange information and develop Brazil's nuclear power sector, the French company said in a statement Monday.

Ukraine To Stop Pumping Russian Gas Into Storage Tanks

Δευ, 7 Σεπτεμβρίου 2009 - 18:42

Ukraine is ready to stop pumping Russian natural gas into its underground storage facilities because a sufficient amount of gas has already been pumped, Prime Minister Yulia Tymoshenko said Monday, Russia news agency RIA Novosti reports.

Total, Lukoil In Talks To Develop Foreign Projects

Δευ, 7 Σεπτεμβρίου 2009 - 18:41

French oil major Total SA (TOT) and Russia's biggest private oil producer Lukoil Holdings (LKOH.RS) are considering joint exploration projects in Kazakhstan, Colombia and western Africa, Lukoil said Monday.

Chavez Urges Turkmenistan To Join Natural Gas Cartel

Δευ, 7 Σεπτεμβρίου 2009 - 18:38

Venezuela's President Hugo Chavez on Monday urged energy-rich Turkmenistan to join a fledgling gas forum of natural gas exporters that has drawn comparisons with the Organization of Petroleum Exporting Countries.

Kuwait Oil Min Says OPEC Members See No Need To Cut Output

Δευ, 7 Σεπτεμβρίου 2009 - 18:37

Kuwait's Oil Minister Sheikh Ahmad al-Abdullah al-Sabah said Monday he saw no need to cut oil output and he believed Organization of Petroleum Exporting Countries members were in agreement to maintain production.

Russia Seeking Strengthened Trade Ties With Iraq

Δευ, 7 Σεπτεμβρίου 2009 - 18:35

Russia is seeking to strengthen and diversify trade and economic relations with Iraq, RIA Novosti reports Monday citing Energy Minister Sergei Shmatko.

Venezuela, Iran Agree $760M Reciprocal Oil Invest Deal

Δευ, 7 Σεπτεμβρίου 2009 - 18:33

Venezuela and Iran have signed deals to each invest $760 million in their respective petroleum sectors following a Venezuelan state visit, an Iranian agency said Monday.

Interests converge on energy

Δευ, 7 Σεπτεμβρίου 2009 - 15:37

The course of the major deals in the local energy sector does not seem to have been affected by the general elections called for next month. On the key issues related to long-term energy planning, the policies of the two major parties, ruling New Democracy and main opposition PASOK, largely converge.