English Edition

Russias Antitrust Regulator Says Fines Rosneft, Lukoil

Russia's Antitrust Regulator Says Fines Rosneft, Lukoil

Russia's antitrust regulator, the Federal Antimonopoly Service or FAS, said Wednesday it has fined the country's oil majors OAO Rosneft (ROSN.RS) and OAO Lukoil Holdings (LKOH.RS) for abusing their dominant market position.

Oao Gazprom Total Investments For 2009 Tops RUB920.44B

Oao Gazprom Total Investments For 2009 Tops RUB920.44B

Oao Gazprom said Tuesday that the Board according to the approved investment program for 2009, the total amount of investments will make up RUB920.44 billion, the amount of capital investments - RUB699.88 billion, long-term financial investments - RUB220.56 billion.

Armenia, Iran To Build Fuel Pipeline

Armenia, Iran To Build Fuel Pipeline

Construction will begin next year on a pipeline to deliver gasoline and diesel fuel from Iran to ex-Soviet Armenia, Armenian Energy Minister Armen Movsisian said Monday.

Italy Min Says No Problem From Gazprom-Ukraine Gas Spat

Italy Min Says No Problem From Gazprom-Ukraine Gas Spat

Italy isn't facing a problem to its supplies of natural gas from a pricing dispute between Ukraine and OAO Gazprom (GAZP.RS) and the country has introduced adequate measures to limit disruption, Industry Minister Claudio Scajola said Tuesday.

Ukraines Naftogaz: No Payment Arrears For Gas

Ukraine's Naftogaz: No Payment Arrears For Gas

Ukrainian state oil and gas company Naftogaz Ukrainy on Tuesday denied it has any payment arrears for the natural gas it imports from Russia.

Iraq To Announce 2nd Oil Field Tenders Dec 31

Iraq To Announce 2nd Oil Field Tenders Dec 31

The Iraqi oil ministry said Monday it would announce the second round of tenders to develop its vast oil and gas fields, which are among the world's largest, on Wednesday, Dec. 31, according to a statement posted in the ministry Web site Monday.

Iraq Exports 1.76M B/D Oil In Nov +3.3% On Mo

Iraq Exports 1.76M B/D Oil In Nov +3.3% On Mo

Iraq's crude oil exports in November rose 3.3% to 1.760 million barrels a day from 1.703 mill ion barrels a day in October, an Iraqi oil ministry statement posted on its Web site said Tuesday.

Gazprom: Will Favor Russian Producers For Orders

Gazprom: Will Favor Russian Producers For Orders

Russia's gas monopoly OAO Gazprom (GAZP.RS) said Tuesday its board has asked the firm's management to favor Russian suppliers over foreign ones, as has been proposed by the country's economy ministry.

Gazprom: GdF Suez Interested In Min Stake In North Stream

Gazprom: GdF Suez Interested In Min Stake In North Stream

French energy group GDF Suez SA (GSZ.FR) is in principle interested in becoming a minority shareholder in the Nord Stream pipeline, Russia's state-controlled natural gas monopoly Gazprom said Monday.

Serbia Reaches Energy Deal with Russia in Spite of Strong Opposition

Serbia Reaches Energy Deal with Russia in Spite of Strong Opposition

Serbia said yesterday it has agreed on a multi-million-dollar energy deal with Russia, to be signed this week despite strong opposition within the Balkan country's government. The deal means Serbia will sell its oil monopoly, NIS, to Russia's state-controlled Gazprom in exchange for the construction of a strategic Russian pipeline through Serbia.

OMV and RWE Start Joint Venture for Gas Pipeline

OMV and RWE Start Joint Venture for Gas Pipeline

Austria’s OMV and Germany’s RWE are starting a joint venture to carry out exploration for a gas pipeline across the Caspian Sea that could feed into the Nabucco link to Europe, OMV said yesterday. The venture, called Caspian Energy Company, will next year review gas transport infrastructure options that could provide Europe with access to natural gas from the eastern side of the Caspian Sea, OMV said.

Agreement on Joint Venture for Development of Belene N Plant Project Signed

Agreement on Joint Venture for Development of Belene N Plant Project Signed

Bulgaria's National Electric Company (NEK) and Germany's RWE Power AG signed an agreement on the establishment of the Belene Energey Company, a 51-49 joint venture for the implementation of the project to build and operate Bulgaria's second nuclear power plant.

Gazprom Neft, Serbia Reconfirm NIS Deal

Gazprom Neft, Serbia Reconfirm NIS Deal

Serbia's government and Russia's OAO Gazprom Neft (SIBN.RS) have reconfirmed their commitment to a deal under which the Russian firm will buy a 51% stake in Serbian state-run oil company NIS, the Interfax news agency reports Monday citing an unnamed source.

Iran Set To Build 5 New Nuclear Reactors In Next 5 Yrs

Iran Set To Build 5 New Nuclear Reactors In Next 5 Yrs

Iran's Atomic Energy Organization says the country plans to construct five additional nuclear reactors in the next five years, Iran's state-controlled international news network, Press TV, reported late Sunday.

Iraq To Announce Second Oil Field Tenders Dec 29

Iraq To Announce Second Oil Field Tenders Dec 29

The Iraqi oil ministry is planning to announce the second round of tenders to develop its vast oil and gas fields, which are among the world's largest, on Dec. 29, an official at the ministry said Monday.

Siemens Gets EUR1.5B Order From Iraq Ministry Of Electricity

Siemens Gets EUR1.5B Order From Iraq Ministry Of Electricity

Siemens AG said Monday it secured a major contract worth about EUR1.5 billion from Iraq for the supply of key components for the expansion of the country's power system. The purchaser is the Iraqi Ministry of Electricity.