English Edition

Gazprom Neft Eyes $100B Market Cap By 2020

Τρι, 18 Μαρτίου 2008 - 04:32

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), is aiming to raise its market capitalization to $100 billion from current $29.1 billion by 2020, the RBC Daily reported Tuesday, citing Chief Executive, Alexander Dyukov.

Iranians Allowed Extra Gasoline For New Year

Τρι, 18 Μαρτίου 2008 - 04:30

Iran's motorists, whose consumption of petrol is rationed, will be allowed to buy unlimited amounts of gasoline over the New Year holidays but at unsubsidized prices, the oil ministry said.

Stratic Energy Corp: First Gas From Ayazli Field

Τρι, 18 Μαρτίου 2008 - 04:29

Stratic Energy Corporation said Tuesday gas production commenced last Friday from its Ayazli gas field, in the Black Sea offshore Turkey.

MOL Says It Bought 21,300 Treasury Shrs Mon At HUF20,053/Shr

Τρι, 18 Μαρτίου 2008 - 04:28

Hungarian oil and gas company MOL Magyar Olaj- es Gazipari Nyrt. (MOL.BU) said Tuesday that it bought 21,300 treasury shares Monday at an average price of HUF20,053/share on the Budapest stock exchange through OTP Nyrt. (OTP.BU).

Global Energaz Offers Top Bid for Ankara’s Gas Grid

Δευ, 17 Μαρτίου 2008 - 04:18

Global Energaz was the highest bidder in an auction to buy one of Turkey’s state-owned natural gas networks, offering $1.61 billion (–1 billion) for one of the most valuable assets in the country’s privatization program.

Iran, Switzerland Sign Gas Export Deal

Δευ, 17 Μαρτίου 2008 - 04:15

Iran and Switzerland on Monday signed a major gas agreement for the export of Iranian gas to a Swiss company, in a rare energy deal between Tehran and the West amid the continued nuclear crisis.

Saudi Elec Be Split Into 4; Power Sector To See Competition

Δευ, 17 Μαρτίου 2008 - 04:13

Saudi Electricity Co., the country's largest power producer, is set to be broken up into four entities that will be open to foreign investment amid plans to create competition in the country's electricity sector.

Legitimacy of PPC Strike to be Examined by Court While Employees Vow to Continue Industrial Action

Δευ, 17 Μαρτίου 2008 - 04:12

A restraining order against GENOP-PPC (the Public Power Corporation employees trade union) is to be examined by a court in Athens today, amid continuing power cuts across the country.

Shell Quells Reserve Fears; Boosts Oil Sands, LNG

Δευ, 17 Μαρτίου 2008 - 04:11

Royal Dutch Shell PLC (RDSB.LN) eased fears that it risked a repeat its oil reserves crisis of 2004 when it announced Monday that its net reserves at the end of last year were stable.

Kazmunaigas EP 2007 Net Pft KZT157B, Up 28% On Year

Δευ, 17 Μαρτίου 2008 - 04:10

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Monday that its net income rose 28% to 157 billion tenge ($1.28 billion) last year on higher crude oil prices and increased production.

Suez Environnement To Acquire US Utility Service Company

Δευ, 17 Μαρτίου 2008 - 04:09

Suez Environment, a division of French utility Suez (SZE.FR), Monday said it is to acquire Utility Service Company, or USC, which provides water tank maintenance services.

Polish Regulator: 10%-20% Gas Price Increase For PGNiG Likely

Δευ, 17 Μαρτίου 2008 - 04:08

An increase in the price of natural gas that is to be approved by the Polish market regulator, or URE, will likely range between 10%-20%, URE Deputy President Marek Woszczyk said Monday.

Gazprom To Create Europe's Largest Gas Exchange

Δευ, 17 Μαρτίου 2008 - 04:07

Russia's state gas monopoly OAO Gazprom (GAZP.RS) is planning to create what it says will become Europe's largest gas trading platform, the Kommersant daily reported Monday, citing unnamed sources in the industry.