English Edition

Russia,Turkmenistan Sign Oil,Gas Pipeline Devt Deals

Δευ, 1 Σεπτεμβρίου 2008 - 17:56

Russia and Turkmenistan have signed a deal to develop oil and gas fields and build new pipelines, the state TDH news agency reported Saturday.

Turkmenistan Pledges To Boost Gas Supply To China

Παρ, 29 Αυγούστου 2008 - 13:32

The president of energy-rich Turkmenistan Friday pledged to significantly boost gas deliveries to China following talks with Chinese President Hu Jintao.

US Seeks To Offset Russian Energy Dominance With Cheney Visit

Παρ, 29 Αυγούστου 2008 - 13:27

Washington will seek to boost alliances and offset Russian energy dominance when Vice President Dick Cheney visits Georgia, Azerbaijan and Ukraine next week, a White House official said Thursday.

Kazakhstan Pres Says Understands Russia's Actions In Georgia

Παρ, 29 Αυγούστου 2008 - 13:21

Kazakhstan understands Russia's actions in Georgia and urges the international community to stop raising the specter of a new Cold War, President Nursultan Nazarbayev said Thursday.

China, Central Asia State Support For Russian Role In Georgia

Παρ, 29 Αυγούστου 2008 - 13:19

China and four Central Asian nations voiced support Thursday for Russia's "active role" in resolving the conflict in Georgia, as Moscow moved to deflect criticism from the West.

German Econ Min Mulls Creation Of National Gas Reserve

Παρ, 29 Αυγούστου 2008 - 13:17

German Economics Minister Michael Glos is considering the creation of a national gas reserve in a bid to guarantee supply security in times when supply might be disrupted, Frankfurter Allgemeine Zeitung reported him as saying.

GDF Suez Exec:Not Worried About Supply Of Russian Gas

Παρ, 29 Αυγούστου 2008 - 13:16

French power giant GDF Suez's (GSZ.FR) vice chairman Jean-Francois Cirelli said Thursday he doesn't think the diplomatic crisis between Russia and the European Union will endanger supplies of gas as the winter starts.

Russia May Restrict Oil Flow To The West

Παρ, 29 Αυγούστου 2008 - 13:14

Fears are mounting that Russia may restrict oil deliveries to Western Europe over the coming days, in response to the threat of European Union sanctions and NATO naval actions in the Black Sea, the Daily Telegraph reported Friday.

Polish Pipeline, Refiners: No Disruptions In Supplies

Παρ, 29 Αυγούστου 2008 - 13:13

Crude oil supplies from Russia to Poland aren't being disrupted, Polish oil pipeline operator PERN SA, oil refiners PKN Orlen SA (PKN.WA) and Grupa Lotos SA (LTS.WA) said Friday. "All deliveries are according to schedule, there are no signals showing that deliveries to Polish and German refiners might be reduced," a spokesman for the pipeline operator PERN SA, Roman Goralski told Dow Jones Newswires.

Iran Agrees Nuclear Deal With Nigeria

Παρ, 29 Αυγούστου 2008 - 13:04

Iran has agreed to share nuclear technology with Nigeria to help it increase its generation of electricity, the BBC reports on its Web site Friday and cites a senior Nigerian Foreign Ministry official, Tijjani Kaura, as saying the technology wasn't intended for any military use.

Sibir Energy MOGC, GPN Tranfer Shrs To Moscow NPZ

Παρ, 29 Αυγούστου 2008 - 13:02

Sibir said Thursday that its subsidiary, Moscow Oil and Gas Company (MOGC), and Gazprom Neft (GPN) have transferred their respective beneficial shareholdings in the Moscow Refinery to Moscow NPZ Holdings (Moscow NPZ Holdings), in exchange for a 50% stake each in the new company.

Lukoil, Conoco Start Output At Timan Pechora Field

Παρ, 29 Αυγούστου 2008 - 13:00

Russian oil major OAO Lukoil (LKOH.RS) said Thursday it has started the first production line at its Yuzhno Khylchuyu field located in the north of the Timan Pechora oil and gas province.

Oligopoly in the Fuel Market

Παρ, 29 Αυγούστου 2008 - 11:42

Greece is the second most expensive country in Europe after the Netherlands with regard to liquid fuel prices. As the Competition Commission has just shown in a report, the burden placed on Greek consumers is due to the distortions prevailing in the market caused by the lack of competition among all businesses involved in the trade, all the way from the refineries to the multinational commercial companies, and from transporters to gas stations.