English Edition

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.

Sakhalin-2 Will Start LNG Deliveries In Early 2009

Τρι, 21 Οκτωβρίου 2008 - 12:43

Shipments of liquefied natural gas to Japan from the Sakhalin-2 project in far eastern Russia are expected to begin early next year, partners in the project said Tuesday.

Qatar Oil Min: Wish To See Russia As Full OPEC Member One Day

Τρι, 21 Οκτωβρίου 2008 - 12:41

Qatar's oil minister said Monday he hopes to see Russia one day become a full member of the Organization of Petroleum Exporting Countries as it would "add value" to the organization.

German Gas Transmission Grid Regulation Extended

Τρι, 21 Οκτωβρίου 2008 - 12:39

Germany's network regulator, the Bundesnetzagentur, Tuesday said it has notified seven natural gas transmission grid operators their businesses will be regulated in future, requesting information about their cost structure.

CNPC, Uzbekistan Agree To Jointly Develop Uzbek Oil Field

Δευ, 20 Οκτωβρίου 2008 - 13:06

China National Petroleum Corp. has signed an agreement with Uzbekistan's state-owned Uzbekneftegaz to jointly invest in and develop an oil field in the central Asian country, CNPC said Monday.

Gazprom To Discuss New Transit Pipeline Via Romania

Δευ, 20 Οκτωβρίου 2008 - 13:04

Russia's state-controlled gas company OAO Gazprom (GAZP.RS) is considering building a new transit pipeline through Romania, the company said Friday.

Oil's Drag On Russia Poses Test For Putin

Δευ, 20 Οκτωβρίου 2008 - 13:03

The prospect of sharply lower prices for oil and other commodity exports -- on top of plunging stock markets and a seized-up financial system -- threatens the economic recovery that's been a foundation of Vladimir Putin's rule in Russia.

Iran OPEC Head: OPEC Could Be Prepared To Cut 1 Mln Bbl

Δευ, 20 Οκτωβρίου 2008 - 13:01

Organization of Petroleum Exporting Countries could be prepared to cut production by 1 million barrels a day in a "first phase" of cuts as world oil demand has fallen by 2 million barrels a day, the state Irna news agency reports Monday, citing Iran's OPEC governor.

Equatorial Guinea's EG/LNG Signs Deal With Gazprom

Δευ, 20 Οκτωβρίου 2008 - 13:00

Russian energy giant OAO Gazprom (GAZP.RS) and Equatorial Guinea's liquified natural gas company, EG/LNG, have reached an agreement to cooperate in the areas of gas and energy, national radio reported Sunday.

Libyan Leader To Visit Russia; Arms On The Agenda

Δευ, 20 Οκτωβρίου 2008 - 12:46

Libyan leader Moammar Gadhafi will visit Moscow Oct. 31 for talks with Russian President Dmitry Medvedev on arms purchases and other deals, business daily Vedomosti reported Monday.