English Edition

Iran To Award S Pars Phase 19 Contract In One Month

Τετ, 3 Ιουνίου 2009 - 16:02

Iran will award a large contract for the development of phase 19 of the giant offshore South Pars natural gas field in the Persian Gulf within a month, an oil executive said Wednesday.

Azerbaijan Energy Min Urges New Investment In Caspian Oil

Τετ, 3 Ιουνίου 2009 - 16:01

Azerbaijan's energy minister called Wednesday for new, large-scale investments in exploring for oil and gas in the Caspian Sea, saying growth in oil output would slow down in the next decade.

Lukoil Returns To Profit In 1Q On Prices, Lower Taxes

Τετ, 3 Ιουνίου 2009 - 15:59

Russia's second-biggest oil producer OAO Lukoil Holdings (LKOH.RS) Wednesday said it returned to profitability in the first quarter due to lower taxes, higher crude prices and lower capital spending.

Russia's Energy Minister Sees Oil Investment Steady In 2009

Τετ, 3 Ιουνίου 2009 - 15:57

Russia expects investment in its oil industry to be stable at RUB1 trillion ($32.6 billion) in 2009 as tax incentives and other measures offset lower crude prices, the country's energy minister said Wednesday.

Iraq Targeting 1.95M B/D Oil Exports In 2H 09

Τετ, 3 Ιουνίου 2009 - 15:56

Iraq is targeting to export between 1.880 million and 1.950 million barrels a day of Basra light crude and Kirkuk crude oil in the second half of 2009, the head of the country's State Oil Marketing Organization said.

Russia Min: Iran Must Show Nuclear Aim Is Peaceful

Τρι, 2 Ιουνίου 2009 - 15:58

Russia's Foreign Minister Sergei Lavrov urged Iran Tuesday to demonstrate to the international community that its nuclear program is peaceful, Russian news agency RIA Novosti reports on its Web site.

Gazprom's Gas Output Down 34.5% On Year In May

Τρι, 2 Ιουνίου 2009 - 15:56

Output at Russian gas giant OAO Gazprom (GAZP.RS) fell 34.5% in May to 30.377 billion cubic meters, the Prime-Tass news agency reported Tuesday, citing Ministry of Industry and Energy statistics.

Poland's PGNiG Signs Deal With Gazprom For 1 BCM Of Gas

Τρι, 2 Ιουνίου 2009 - 15:54

Polish natural gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA), or PGNiG, has signed a deal with Russia's OAO Gazprom (GAZP.RS) to deliver 1 billion cubic meters of gas before Sept. 30, the company said in a statement Tuesday.

Azerbaijan To Maintain Oil, Gas Output Levels

Τρι, 2 Ιουνίου 2009 - 15:53

Energy-rich Azerbaijan expects no drop in its oil and gas production this year despite global economic woes, President Ilham Aliyev said Tuesday.

Iraq May Oil Exports 1.90M B/D, Up 4.39% On Month

Τρι, 2 Ιουνίου 2009 - 15:51

Iraq's crude oil exports rose to 1.90 million barrels a day in May, up 4.39% on April, the head of the State Oil Marketing Organization told Dow Jones Newswires Tuesday.

Kazakhstan Says To Review Asset Sales After Uranium Theft

Τρι, 2 Ιουνίου 2009 - 15:50

Kazakhstan will review all previous deals made by state-owned firms in the wake of a multibillion dollar scandal at the country's state nuclear fuel company, the state welfare fund said Tuesday.

Half Of Kazakhstan's Uranium Stolen By Former Official

Δευ, 1 Ιουνίου 2009 - 19:51

The recently imprisoned former head of Kazakhstan's state nuclear power agency stole the majority of the central Asian nation's uranium deposits, security officials said Monday.

Romanian Romgaz Signs JV Deal With Russia's Gazprom

Δευ, 1 Ιουνίου 2009 - 19:49

Romanian state-owned gas producer Romgaz Medias Monday signed the first agreement since 1989 with Russian natural gas monopoly OAO Gazprom (GAZP.RS), which includes the setting-up of a joint venture to store and sell natural gas, news agency Mediafax reports.

Iraqi Kurdish Oil Field Exports Start At 0.1M B/D

Δευ, 1 Ιουνίου 2009 - 19:47

Iraqi President Jalal Talabani and President of the Kurdistan Regional Government Masoud Barzani Monday pressed the button allowing the export of 100,000 barrels a day from two large oil fields in the Kurdistan region to start, marking a breakthrough two years in the making.

Turkmenistan May Have 250B Tons Of Oil Equivalent

Δευ, 1 Ιουνίου 2009 - 19:45

Turkmenistan could have 200 billion-250 billion metric tons of oil equivalent, Russian news agency RIA Novosti reports on its Web site Friday, citing the head of the state geological institute, Turkmengeologia.

Libya To Reach 2% Stake Of Italy's Enel

Δευ, 1 Ιουνίου 2009 - 19:43

The Libyan Investment Authority might reach 2% stake of Enel SpA acquiring shares through the utility's EUR8 billion rights issue announced on Friday, Italian daily La Repubblica reports Monday without citing its sources.