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Tax Cuts Could Boost Lukoil Investment $1.8B In '09 -Interfax

Πεμ, 26 Ιουνίου 2008 - 04:25

MOSCOW (Dow Jones)--Russia's OAO Lukoil (LKOH.RS) could boost investments next year by $1.5 billion-$1.8 billion, if new tax breaks are introduced in the country's oil industry, the Interfax news agency said Thursday, citing the company's Chief Executive Vagit Alekperov.

Saipem Gets Onshore LatAm,Ukraine Contracts Worth About $1.1B

Πεμ, 26 Ιουνίου 2008 - 04:23

ROME (Dow Jones)--Italy's Saipem SpA (SPM.MI) said Thursday it has received new onshore contracts in South America and Ukraine with a total value of about $1.1 billion.

GOP's McCain Calls For Energy Independence By 2025

Πεμ, 26 Ιουνίου 2008 - 03:25

WASHINGTON (AFP)--Republican White House hopeful John McCain called Wednesday for the U.S. to achieve energy independence by 2025.

US Sens Press Bush Admin To Dissuade Iraq On Oil Contracts

Πεμ, 26 Ιουνίου 2008 - 03:19

WASHINGTON (Dow Jones)--Several Democratic senators on Tuesday pressed the Bush administration to dissuade the Iraqi government from awarding oil field service contracts to Western oil firms until the country's government passes a national oil law.

Saudi Arabia Foils Oil Field Attack, Arrests 701

Πεμ, 26 Ιουνίου 2008 - 03:16

DUBAI (Dow Jones)--Saudi Arabia, the world's largest crude exporter, has foiled a large-scale attack on oil installations in Yanbu on the Red Sea and in the Eastern Province, the official Saudi Press Agency reported Wednesday.

Russian Partners Say BP, Kremlin Plotted A Takeover

Πεμ, 26 Ιουνίου 2008 - 03:12

LONDON -- BP PLC planned to conspire with the Kremlin to squeeze its billonaire Russian partners out of their joint venture, TNK-BP Ltd., a representative of the partners' consortium claimed Wednesday

Lukoil Hopes To Buy Turgai Stake From CNPC By End Of 2008

Τετ, 25 Ιουνίου 2008 - 02:23

Russia's largest independent oil producer OAO Lukoil (LKOH.RS) won't face Kazakh government opposition to a deal to buy full control of Turgai Petroleum and hopes to close a deal by the end of the year, a Lukoil spokesman said Tuesday.

Iran Oil Min: Oil Market Not In Need Of Extra Crude

Τετ, 25 Ιουνίου 2008 - 02:21

Iran's Oil Minister Gholam Hossein Nozari said Tuesday oil prices moving up despite Saudi Arabia's announcement Sunday to boost output by 200,000 barrels a day indicate that the crude market is well supplied.

Croatia's INA Begins Oil Exploration In Iran

Τετ, 25 Ιουνίου 2008 - 02:18

Croatia's state oil and natural gas company, INA, has begun oil exploration activities in Iran, Iran's English-language satellite channel Press TV reported.

Romanian Govt To Hold 51% In Cernavoda Nuclear Power JV

Τετ, 25 Ιουνίου 2008 - 02:16

Romania's government said late Tuesday it is increasing its equity stake to 51% from the earlier planned 20% in a joint venture being established with six companies to build two additional reactor units at the country's sole nuclear power plant in Cernavoda.