English Edition

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.

Gazprom's CEO Expects To Post Net Profit Of $30 Bln In 2008

Δευ, 20 Οκτωβρίου 2008 - 12:44

Russia's OAO Gazprom (GAZP.RS) expects to post a net profit of $30 billion in 2008 on revenue of $100 billion, the company's Chief Executive Alexei Miller said Sunday in an interview on Vesti news channel.

Italian Minister Seeks Significant Changes To EU Climate Plan

Δευ, 20 Οκτωβρίου 2008 - 12:43

Italy called Monday for significant changes to be made to a European Union plan to combat climate change and for the effects of the package to be reviewed in a year.

KazMunaiGas 9-Mo Oil, Gas Condensate Output Up At 13.3M Tons

Παρ, 17 Οκτωβρίου 2008 - 14:35

Kazakhstan's state oil and gas company KazMunaiGas said Friday it produced 13.3 million metric tons of oil and gas condensate in the first nine months of this year, a year-on-year rise of 8.5%.

Arawak Energy Net Production Up To 12,750 bopd

Παρ, 17 Οκτωβρίου 2008 - 14:33

Arawak Energy said Thursday that Company's net production has risen to 12,750 barrels of oil per day (bopd) following a rise in produced volumes at the Akzhar and Besbolek fields in Kazakhstan.

OMV CEO:Georgia War Strengthened EU Resolve On Nabucco Pipe

Παρ, 17 Οκτωβρίου 2008 - 14:31

The war in Georgia has strengthened European Union policymakers' resolve to see through the construction of the planned Nabucco gas pipeline, which is to channel gas from the Caspian Sea region to Europe around Russia, said Austrian oil and gas company OMV AG's (OMV.VI) chief executive Thursday.

OPEC Iran Gov:Calls On Non-OPEC Producers To Join Any Action

Παρ, 17 Οκτωβρίου 2008 - 14:29

Iran's governor for the Organization of Petroleum Exporting Countries Thursday called on non-OPEC oil producers to join any action the group takes at its emergency meeting next week.

Gazprom:No Deal With TNK-BP If Kovykta License Isn't Extended

Παρ, 17 Οκτωβρίου 2008 - 14:27

Russia's state-controlled gas producer OAO Gazprom (GAZP.RS) will pull out of an agreement to buy a stake in the giant Kovykta gas field from TNK-BP Holding (TNBP.RS), if the license for the field isn't extended, Gazprom spokesman Sergey Kuprianov said Friday.