English Edition

Gazprom Neft To Invest $220M In Bunkering Indus

Τετ, 18 Φεβρουαρίου 2009 - 15:15

Russian oil major Gazprom Neft (SIBN.RS) plans to invest about $220 million in the bunkering industry, the corporate magazine of natural gas giant OAO Gazprom (GAZP.RS) reported Tuesday, according to the Prime-Tass news agency.

ExxonMobil Unworried By Libya Nationalization Threat

Τετ, 18 Φεβρουαρίου 2009 - 15:14

ExxonMobil Corp. (XOM) isn't worried about recent threats to nationalize the Libyan oil industry and could even start drilling there this year, a company executive said Monday.

Vladimir Putin to Meet Hilary Clinton in the Bulgarian Town of Plovdiv

Τρι, 17 Φεβρουαρίου 2009 - 16:56

The Bulgarian town of Plovdiv will be event number one in the news in the days between 22 and 24 April, when the town will host the World energy forum, announced the mayor of Plovdiv Slavcho Atanassov. 28 countries will be represented by their presidents or prime ministers.

New Bulgaria Ambassador to Oil Rich Azerbaijan Starts Job in Spring

Τρι, 17 Φεβρουαρίου 2009 - 16:50

The newly-appointed Bulgarian Ambassador to Azerbaijan, Vasil Kalinov, is expected to arrive in Baku in March to replace the previous Ambassador Ivan Palchev, who left Azerbaijan last summer, abc.az reported Monday.

Russia, China Agree Oil-For-Loans Deal

Τρι, 17 Φεβρουαρίου 2009 - 12:50

Russia has reached an agreement with China to provide long-term oil supplies in exchange for multibillion dollar loans, Interfax news agency reported Tuesday, citing an unnamed source.

Gazprom Feb Output Down 13.3% Due To Lower Demand

Τρι, 17 Φεβρουαρίου 2009 - 12:48

Russia's state-controlled gas firm OAO Gazprom (GAZP.RS) saw its daily average gas production in the first two weeks of February fall 13.3% from 2008 due to lower demand, the Vedomosti daily says Tuesday citing Energy Ministry data.

Cyprus Talks Can Succeed

Τρι, 17 Φεβρουαρίου 2009 - 12:47

U.N. special envoy Alexander Downer said on Monday that peace talks to reunify the divided island have every chance of success because of the determination of the two leaders to forge a solution.

Turkey's Tekfen In EUR7 Bln Russian Project

Τρι, 17 Φεβρουαρίου 2009 - 12:45

Turkish construction company Tekfen Insaat, a unit of construction to agri-industry conglomerate Tekfen Holding (TKFEN.IS), will participate in a EUR7 billion petrochemical plant and refinery project in Russia, according to Ihlas News Agency, or IHA.

Russia Opens Antitrust Case Vs 4 Oil Cos Over Gasoline Prices

Τρι, 17 Φεβρουαρίου 2009 - 12:44

Russia has opened an antitrust case against oil firms OAO Rosneft (ROSN.RS), OAO Lukoil (LKOH.RS), TNK-BP Ltd. and OAO Gazprom Neft (SIBN.RS) after gasoline prices at the pump rose amid a drop in world oil prices.

Russian Fin Min Dislikes Excessive Protectionism

Τρι, 17 Φεβρουαρίου 2009 - 12:41

Finance Minister Alexei Kudrin said Monday he believed Russia shouldn't be excessively protectionist but said sometimes it should use protective measures to support its economy, according to the Prime-Tass news agency.

Total: Signs Heads Of Agreement With Japanese LNG Buyers

Τρι, 17 Φεβρουαρίου 2009 - 12:37

French oil and gas giant Total SA (TOT) Tuesday said it signed a draft agreement with a consortium of liquefied natural gas buyers in Japan, setting out the principal terms for an extension of the so-called 1973 and 1981 LNG sales contracts.

Romania's Transgaz Sees 09 Net Pft Up 17% On Yr

Τρι, 17 Φεβρουαρίου 2009 - 12:36

Romania's state-owned gas pipeline operator Transgaz (TGN.RO) forecasts a 309.5 million lei ($90.6 million) net profit in 2009, 17.38% higher than the anticipated result for 2008 of RON263.7 million, news agency Mediafax reports, citing the company's budget sent to the Bucharest Stock Exchange.

Russian, Bolivian Presidents Meet To Discuss Gas, Trade

Δευ, 16 Φεβρουαρίου 2009 - 13:34

Bolivian President Evo Morales met his Russian counterpart, Dmitry Medvedev, Monday for talks on issues including increasing cooperation in the energy sector, the Kremlin said.