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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.

IMF Says Ukraine Has Made Progress On Loan

Παρ, 12 Δεκεμβρίου 2008 - 13:19

The head of the International Monetary Fund's mission to Ukraine said the government was on track to earn the next part of its $16.4 billion bailout loan. But she warned it still faces tough decisions in next year's budget and admonished the country's warring politicians not to scapegoat its central bank.

Turkey Competition Bd OKs Akenerji's Stake Sale To CEZ

Παρ, 12 Δεκεμβρίου 2008 - 13:15

Turkey's Competition Board approved the sale of a 37.4% stake in Turkish energy firm Akenerji Elektrik Uretim AS (AKENR.IS) to Czech company CEZ AS (BAACEZ.PR), the board said Friday in a statement on its Web site, the Ihlas News Agency reported.

OVL Submits Feasibility Report For Oil Discovery In Iran

Παρ, 12 Δεκεμβρίου 2008 - 13:13

OVL, the overseas arm of India's Oil & Natural Gas Corp. (500312.BY), has submitted a feasibility report for oil it discovered two years ago in Iran, the Press Trust of India reported Friday, citing India's Minister of State for Petroleum and Natural Gas Dinsha Patel.

Gazprom, Shell JV Begins Year-Round Oil Export From Sakhalin

Παρ, 12 Δεκεμβρίου 2008 - 13:07

Sakhalin Energy, a joint venture controlled by Russia's OAO Gazprom (GAZP.RS) has begun year-round oil export from its new oil export terminal and will start producing liquified natural gas, or LNG, in the next few weeks, the joint venture said Friday.

Total French Refineries Employees Strike On Pay-Union

Παρ, 12 Δεκεμβρίου 2008 - 13:05

The CGT union of French oil major Total SA (TOT) said Friday the company's employees at domestic refineries as well as at some lubricant plants and air-refueling operations are on an open-ended strike over a wage dispute.