English Edition

Putin Lowers Jan 1 Household Gas Tariffs Rise To 5%

Πεμ, 18 Δεκεμβρίου 2008 - 17:58

Gas tariffs for Russian households will rise 5% instead of an earlier planned 25% Jan. 1, the Interfax news agency said Thursday, citing Prime Minister Vladimir Putin.

Energy Deal Rift Shakes Serb Coalition

Πεμ, 18 Δεκεμβρίου 2008 - 17:28

Serbia’s deputy prime minister said yesterday that a government crisis over a Russian energy deal could force a coalition reshuffle involving a partnership with a newly formed moderate nationalist party. “If there is a need for the government to survive for national interests, I am sure some (opposition) parties would understand this,” Deputy Prime Minister Ivica Dacic said in an interview published in the daily Vecernje Novosti.

GEK TERNA and GDF SUEZ enter into a partnership in the Greek power generation market

Πεμ, 18 Δεκεμβρίου 2008 - 13:02

The GEK TERNA Group and GDF SUEZ have reached an agreement to enter a partnership wherein both groups hold a 50% stake in the first two power plants of GEK TERNA Group (HERON I & HERON II). According to the agreement, the management of the two plants will be conducted by both parties equally.

BP Agrees To Exit Caspian Pipeline Consortium Project

Τετ, 17 Δεκεμβρίου 2008 - 16:50

U.K. oil major BP PLC (BP) has agreed with shareholders at Caspian Pipeline Consortium to exit the project, Mikhail Barkov, deputy chief executive of Russian oil pipeline operator Transneft (TRNFP.RS), said Wednesday.

Azerbaijan Oil Min: Azerbaijan May Cut Output By 300,000 B/D

Τετ, 17 Δεκεμβρίου 2008 - 16:48

Azerbaijan may cut its oil production by around 300,000 barrels a day, Azerbaijan's energy minister Natik Aliev told Dow Jones Newswires Wednesday.

OPEC Agrees To Output Cut Of 2 Mln B/D

Τετ, 17 Δεκεμβρίου 2008 - 16:47

OPEC agreed Wednesday to a record cut in oil output of 2 million barrels a day, Saudi Arabian Oil Minister Ali Naimi said.

Global Oil Demand To Fall 0.15M B/D In 2009

Τετ, 17 Δεκεμβρίου 2008 - 16:45

The Organization of Petroleum Exporting Countries Tuesday forecast global crude oil demand would contract in 2009, dragged down by a "huge decline" in demand from recession-hit industrialized nations.

Jogmec Underwrites Half Inpex $2.31B Loan To Develop Kashagan

Τετ, 17 Δεκεμβρίου 2008 - 16:44

Japan Oil, Gas and Metals National Corp., or Jogmec, late Tuesday said it will underwrite half of a $2.31 billion loan Inpex Corp. (1605.TO) needs to develop the Kashagan oil field in Kazakhstan

Iraq Envoy: Oil Prices Drop To Have Serious Budget Impact

Τετ, 17 Δεκεμβρίου 2008 - 16:42

Iraq's 2009 budget is facing a serious shortfall with oil prices hovering at around half the government's expected level, the country's envoy to the U.S. said Tuesday.

Russia To Sell More Arms To Iran As Helps Stability

Τετ, 17 Δεκεμβρίου 2008 - 16:40

Russia will continue arms sales to Iran because they help foster stability in the Middle East, a senior Russian official said Wednesday, quoted by the RIA Novosti news agency.

Sonatrach Head: In Talks With Gazprom On Russia Opportunities

Τετ, 17 Δεκεμβρίου 2008 - 16:39

Sonatrach is in talks with OAO Gazprom (GAZP.RS) over possible natural gas opportunities, the head of the Algerian state oil company said Tuesday.

Gazprom Rethinks '09 Budget,Inquires About State Help

Τετ, 17 Δεκεμβρίου 2008 - 16:37

Russian gas monopoly OAO Gazprom (GAZP.RS) is reconsidering its recently-proposed budget for 2009 and has inquired about receiving financial support from the state, business daily Vedomosti reported Wednesday citing several unnamed sources.

Gazprom May Reduce Stakes In Investment Projects - Report

Τρι, 16 Δεκεμβρίου 2008 - 17:51

Russia's OAO Gazprom (GAZP.RS) is prepared to reduce its stakes in some projects in exchange for additional investment from partners, the Kommersant daily reported Tuesday citing an unnamed source close to the company's board.