English Edition

Baku-Supsa Oil Pipe Ready To Reopen In Near Future

Τετ, 22 Οκτωβρίου 2008 - 19:27

The pipeline that delivers crude oil from Azerbaijan's capital, Baku, to the Black Sea port of Supsa in Georgia is ready to restart and will resume operation in the near future, a spokesman for pipeline operator BP PLC (BP) said Wednesday.

Ukraine Says IMF Deal Is Close, Challenges Remain

Τετ, 22 Οκτωβρίου 2008 - 19:25

Crisis-stricken Ukraine expects to get an agreement on an emergency loan from the International Monetary Fund as early as Wednesday, Ukrainian Prime Minister Yulia Tymoshenko said.

Russia Cuts Reserves View Amid Oil Fall, Cap Outflow

Τετ, 22 Οκτωβρίου 2008 - 19:22

Russia's central bank Wednesday said it expects its gold and foreign exchange reserves to grow at a slower pace than originally planned this year and next, amid a plunge in oil prices and outflow of capital from the country.

Turkish Competition Board Approves Izgaz Sale To GDF

Τετ, 22 Οκτωβρίου 2008 - 19:21

Turkey's Competition Board approved Tuesday the sale of Izgaz, the gas distribution company of Turkey's northwestern industrial city of Izmit, to French energy group GdF Suez (GSZ.FR), the Ihlas News Agency, or IHA, reported.

Gazprom CEO: Cheap Hydrocarbon Era Is Over

Τετ, 22 Οκτωβρίου 2008 - 19:19

The time of cheap hydrocarbons is over, Russian gas giant OAO Gazprom's (GAZP.RS) Chief Executive Alexei Miller said Tuesday, following the creation of an Organization of Petroleum Exporting Countries-style body for gas exporting nations.

Iran, Russia And Qatar To Form OPEC-Style Gas Group

Τετ, 22 Οκτωβρίου 2008 - 19:17

Iran, Qatar and Russia have agreed to form an OPEC-style organization for gas exporting countries, the Islamic Republic's oil minister said Tuesday after a trilateral meeting in Tehran.

GDF Suez CEO: Gas Pact Could Be Welcome If A Dialogue Forum

Τετ, 22 Οκτωβρίου 2008 - 19:16

French energy giant GDF Suez (GSZ.FR) would be prepared to look favorably on an OPEC-style organization for gas exporting countries if it is a forum for dialogue, but not if it is just a cartel, Chief Executive Gerard Mestrallet said Wednesday.

E.ON Ruhrgas CEO:Not Really Worried About OPEC-Style Gas Pact

Τετ, 22 Οκτωβρίου 2008 - 19:14

German natural gas company E.ON Ruhrgas AG's Chief Executive Bernhard Reutersberg Wednesday said long-term supply contracts mean an OPEC-style organization for gas exporting countries isn't too much of a worry.

Russian Pres Medvedev Pushes To Boost Ties On Armenia Visit

Τρι, 21 Οκτωβρίου 2008 - 12:57

Russian President Dmitry Medvedev pushed to strengthen longstanding ties with Armenia on a visit Tuesday, amid shifting political currents in the turbulent Caucasus after August's war in Georgia.

Falling Oil Price Threatens Russian Growth, Ruble

Τρι, 21 Οκτωβρίου 2008 - 12:51

The ongoing slide in global oil prices could tip Russia towards budget and trade deficits, threatening its thus-far stellar growth and potentially its currency as well.

OPEC Expected To Cut Output To Prop Up Oil Prices

Τρι, 21 Οκτωβρίου 2008 - 12:49

OPEC is all but certain this week to slash oil output in a bid to counteract falling demand and a precipitous drop in crude prices.

Former Saudi Oil Min Expects Further Drop In Prices

Τρι, 21 Οκτωβρίου 2008 - 12:48

Former Saudi Oil Minister Sheikh Ahmed Zaki Yamani expects crude oil prices to continue to drop on lower consumption, he told Corriere della Sera in an interview published in its Internet edition Tuesday.

Gazprom, Partners Approve 2008-09 Budget For Shtokman Field

Τρι, 21 Οκτωβρίου 2008 - 12:46

Shtokman Development AG, the operator of the giant Shtokman gas field in the Barents Sea, has approved an $800 million budget for 2008 and 2009, the controlling shareholder OAO Gazprom (GAZP.RS) said Monday.