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HPCL To Buy More Crude From Iran, Cut Iraq

Παρ, 6 Φεβρουαρίου 2009 - 14:53

State-run Indian refiner Hindustan Petroleum Corp. (500104.BY) plans to triple its annual term crude supply contract with Iran and reduce supplies from Iraq in the next financial year starting April, a person familiar with the matter said Friday, outlining HPCL's crude procurement strategy plan for the next fiscal year.

Iran Envoy: Russian-built Nuclear Plant Nearly Ready

Παρ, 6 Φεβρουαρίου 2009 - 14:51

The Bushehr nuclear power station being built in Iran by Russia is nearly complete and should be launched within the year, Iran's ambassador to Moscow said in an interview published Friday.

Gazprom Sees 09 European Gas Export Fall To 170 BCM

Παρ, 6 Φεβρουαρίου 2009 - 14:50

Russia's state-controlled gas export monopoly OAO Gazprom (GAZP.RS) plans to export a total of 170 billion cubic meters of natural gas to Europe this year, down from 179 billion in 2008, the Interfax news agency reported Friday, citing a company statement.

Eni CEO Sees Oil Prices At About $40/Bbl In 2009

Παρ, 6 Φεβρουαρίου 2009 - 14:49

Eni SpA's (E) chief executive said Friday he sees oil prices at about $40 a barrel in 2009.

Rosneft To Invest RUB98 Bln In East Siberian Projects In 2009

Πεμ, 5 Φεβρουαρίου 2009 - 17:24

Russia's largest oil company, OAO Rosneft (ROSN.RS), expects to invest 98 billion rubles ($2.72 billion) in East Siberian projects, Mars Khasanov, Rosneft's vice president of science said Thursday.

RWE Exec Says Gas Supply Disruptions Could Be Repeated

Πεμ, 5 Φεβρουαρίου 2009 - 17:22

RWE AG (RWE.XE) Thursday said the agreement between Russia and the Ukraine following their recent row on natural gas prices is unlikely to be the end of supply disruptions to Europe.

Iraq's South Oil Output Falls By 150,000 B/D

Πεμ, 5 Φεβρουαρίου 2009 - 17:20

Iraq's crude oil production from its southern oil fields has slipped by 100,000-150,000 barrels a day over the last six months as maintenance problems and a lack of investment undermine the country's output capacity, an oil industry source from Basra said Wednesday.

Polish PGNiG: Gazprom Offered To Increase Gas Supplies

Πεμ, 5 Φεβρουαρίου 2009 - 17:19

Polish gas monopoly Polskie Gornictwo Naftowe i Gazownictwo (PGN.WA), or PGNiG, said Thursday that Russia's OAO Gazprom (GAZP.RS) has offered to increase gas supplies to Poland to compensate for reduced deliveries via Ukraine.

Nabucco Pipe Cost Estimate May Be Revised On Steel Price

Πεμ, 5 Φεβρουαρίου 2009 - 17:17

The estimated EUR7.9 billion cost of the Nabucco gas pipeline may be revised due to the fall in steel prices, the project's Chief Executive Reinhard Mitschek said Wednesday, the Ihlas News Agency, or IHA, reported.

Gas Crisis Proves Need To Diversify Routes

Πεμ, 5 Φεβρουαρίου 2009 - 17:16

Ukraine was to blame for last month's European gas crisis and must bear responsibility for compensating any losses incurred as a result of it, Russian President Dmitry Medvedev said Thursday.

Russia-Ukraine Gas Deal Could Bolster Nabucco Plan

Πεμ, 5 Φεβρουαρίου 2009 - 17:14

Russia's newly-signed gas deal with Ukraine could bolster Europe's chances of diversifying energy deliveries away from Russia through the Nabucco pipeline project, analysts say.

Oil Market Report Oil Supply Data

Πεμ, 5 Φεβρουαρίου 2009 - 12:37

Coinciding with the official suspension on 1 January 2009 of Indonesia's membership of OPEC, the IEA has made some changes to the way it categorises and aggregates OPEC and non-OPEC oil production data in the Oil Market Report (OMR) databases. This follows feedback from subscribers in the aftermath of earlier OPEC membership changes involving Angola and Ecuador.

EU-Russia summit to talk Energy, WTO on May 21-22

Τετ, 4 Φεβρουαρίου 2009 - 12:42

The European Union and Russia will use a May 21-22 summit to discuss energy security following January's EU-Russian tension over suspension of Russian gas supplies, according to the EU Presidency. Czech envoy to Russia Miroslav Kostelka, whose country holds the rotating presidency, said on Tuesday Russian accession to the World Trade Organisation would also be high on the agenda.