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OPEC Should Cut Output By At Least 2 M B/D-Iran OPEC Delegate

Τρι, 16 Δεκεμβρίου 2008 - 17:46

The Organization of Petroleum Exporting Countries should agree to cut its oil output by at least 2 million barrels a day when it meets Wednesday in Algeria, an Iranian OPEC delegate said Tuesday.

Gazprom Awarded Tender For Algeria's El Assel Field

Τρι, 16 Δεκεμβρίου 2008 - 17:45

Russia's OAO Gazprom (GAZP.RS) said Monday it has been awarded a tender to explore Algeria's El Assel field, which holds an estimated 30 million tons, or 220 million barrels, of oil.

Gazprom Neft 3Q Net Pft Up 67% On Prices, Refining

Τρι, 16 Δεκεμβρίου 2008 - 17:41

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), said Monday its third-quarter net profit increased 67% on year, propelled by the favorable price environment and growth in the refining segment.

Serbia Deputy PM Mulls Govt Reshuffle Over Russia Energy Rift

Τρι, 16 Δεκεμβρίου 2008 - 17:40

Serbia's deputy prime minister said Tuesday that a government crisis over a Russian energy deal could force a coalition reshuffle involving a partnership with a newly formed party of ex-Radicals.

Russia Official: Russia May Have Talks On OPEC Entry

Τρι, 16 Δεκεμβρίου 2008 - 17:38

Russia will likely discuss the possibility of entry into the Organization of Petroleum Exporting Countries during meetings with OPEC members this week in Oran, a Russian official said Tuesday.

RWE Exec Determined To Find Opportunities In Current Crisis

Τρι, 16 Δεκεμβρίου 2008 - 17:23

RWE AG (RWE.XE) expects there will be plenty of growth opportunities in the European energy sector despite the current recessionary tendencies and hopes to find growth opportunities in the financial crisis.

Algeria Energy Min: Russia To Attend OPEC Meeting

Δευ, 15 Δεκεμβρίου 2008 - 14:27

Russia, Azerbaijan, Syria and Oman, none of them members of OPEC, will attend a key meeting of the oil cartel in Algeria on Wednesday, Algerian Energy Minister Chakib Khelil announced Saturday.

Russia-Ukraine Gas Spat Won't Affect Hungary, Europe

Δευ, 15 Δεκεμβρίου 2008 - 14:26

A debate between Russia and Ukraine about Russian gas imports to Ukraine won't affect Russian gas supply to Hungary and elsewhere in Europe, Russian gas giant OAO Gazprom (GAZP.RS) told Hungarian national daily Nepszabadsag over the weekend.

Iran OPEC Head:OPEC To Remove Excess Oil To Balance Mkt

Δευ, 15 Δεκεμβρίου 2008 - 14:22

The Organization of Petroleum Exporting Countries will try to achieve "desirable" crude oil prices and balance the market by removing excess oil supplies, Iran's OPEC governor said, the oil ministry's official Shana news Web site reports Saturday.

Iran OPEC Gov:OPEC Must Cut Output By Up To 2 Mln B/D

Δευ, 15 Δεκεμβρίου 2008 - 14:21

The organization of Petroleum exporting Countries must reduce its output by up to two million barrels a day during its Oran meeting this week in order to prevent a further buildup in stockpiles, Iran's Hamshahri newspaper reports Monday, quoting the country's Opec governor.

Gazprom Wants To Triple Market Share In France

Δευ, 15 Δεκεμβρίου 2008 - 14:20

Russian natural gas giant Gazprom OAO (GAZP.RS) aims to triple its market share in France over the next three to five years, French business daily La Tribune reports Monday.

Gazprom Sees 30% Drop In Europe Revenue In 2009

Δευ, 15 Δεκεμβρίου 2008 - 14:16

Russia's OAO Gazprom (GAZP.RS) expects revenue from European gas sales to fall at least 30% in 2009, the Vedomosti business daily reported Monday, citing an unnamed manager at the state-owned monopoly.

No Deal With Respol As Yet

Δευ, 15 Δεκεμβρίου 2008 - 14:15

Russia's No. 2 oil producer OAO Lukoil Holdings (LKOH.RS) has no deal to buy a stake in Spain's Repsol YPF S.A. (REP), Chief Executive Vagit Alekperov said Monday.

Bulgargaz Requested Natural Gas Prices up by 21% from January 1, 2009

Παρ, 12 Δεκεμβρίου 2008 - 19:23

Bulgaria's gas monopoly Bulgargaz wants a 21,31% increase in the natural gas prices in Bulgaria starting January 1, 2009. The company, which is already part of the Bulgarian Energy Holding, submitted Wednesday its suggestion for the new gas prices to the State Commission for Energy and Water Regulation (DKEVR).

Lukoil profits

Παρ, 12 Δεκεμβρίου 2008 - 15:37

OAO Lukoil said third-quarter profit advanced 40 percent as Russia’s largest non-state oil producer benefited from hedging after crude prices fell from a July record. Net income rose to $3.47 billion, or $4.09 a share, from $2.48 billion, or $3 a share, in the same period last year, the Moscow-based company said yesterday in a statement.

EDP, Petrobras Reach Agreement On Energy Generation

Παρ, 12 Δεκεμβρίου 2008 - 13:20

EDP Energias de Portugal SA (EDP.LB) and Brazil's state-run oil firm Petroleo Brasileiros SA (PBR) have reached an agreement on energy generation, business daily Diario Economico reports Friday, citing Miguel Setas, director of EDP's Brazil unit Energias do Brasil.