English Edition

Surgutneftegaz Plans To Retain MOL Stake

Δευ, 1 Φεβρουαρίου 2010 - 17:45

Surgutneftegaz (SNGS.RS), one of Russia's leading oil and gas companies, plans to retain its stake in Hungarian oil and gas company MOL Nyrt. (MOL.BU), Russian Deputy Prime Minister Victor Zubkov told Hungarian Prime Minister Gordon Bajnai at a meeting Friday, Hungarian national daily Nepszabadsag said during the weekend.

Gazprom 3Q Net Profit Rises 33% Despite Lower Demand

Δευ, 1 Φεβρουαρίου 2010 - 17:44

Russia's OAO Gazprom (GAZP.RS), the world's largest producer of natural gas, Monday posted a 33% increase in third-quarter net profit due to foreign exchange gains and lower taxes, but despite a drop in demand in the period.

Lukoil-Statoil Group Finalizes Iraq Oil Field Deal

Δευ, 1 Φεβρουαρίου 2010 - 17:31

Russia's Lukoil OAO (LKOH.RS) and Norway's Statoil ASA (STO) Sunday signed a final deal for Iraq's supergiant West Qurna Phase 2 oil field, Iraqi Oil Ministry officials said.

IMF to Set Up Eco Fund

Δευ, 1 Φεβρουαρίου 2010 - 16:57

The International Monetary Fund (IMF) is planning a 100-billion-dollar fund to help countries mitigate the effects of climate change, the agency’s head said. “The new growth model will be low carbon,” Dominique Strauss-Kahn, managing director of the IMF, told political and business leaders meeting at the World Economic Forum (WEF) in the Swiss ski resort of Davos this weekend.

Environment Deal Gets Low-key Endorsement

Δευ, 1 Φεβρουαρίου 2010 - 16:55

Nations accounting for most of the world’s greenhouse gas emissions have restated their promises to fight climate change, meeting a deadline yesterday in a low-key endorsement of December’s “Copenhagen Accord.”

China Insists That Its Steps on Climate Be Voluntary

Σαβ, 30 Ιανουαρίου 2010 - 10:26

As a Sunday target date approaches for countries to submit to the United Nations their plans for fighting climate change, China is banding together with other major developing nations to stress that only the wealthier countries need to make internationally binding commitments.

Romanian Govt Approves National Power Holdings Setup

Παρ, 29 Ιανουαρίου 2010 - 19:29

The Romanian government approved an overhaul of the country's energy sector by setting up two national power holdings to include almost all the state-owned assets in the field, news agency Mediafax cited Economy Minister Adriean Videanu as saying Friday.

Latvia Wants Better Terms Russia's Gazprom

Παρ, 29 Ιανουαρίου 2010 - 19:28

Recession-hit Latvia wants to renegotiate a gas-supply contract with Russian energy company OAO Gazprom (GAZP.RS) because it is paying too high a price, the Baltic state's economy ministry said Friday.

Kazakhstan Wants Top-level OSCE Summit

Παρ, 29 Ιανουαρίου 2010 - 19:27

Kazakh President Nursultan Nazarbayev called Friday for a rare summit of Organization for Security and Co-operation in Europe heads of state to be held this year in Astana, nearly 11 years after the previous such high-level gathering.

Hungary, Russia Found Gas Pipeline South Stream Project

Παρ, 29 Ιανουαρίου 2010 - 19:27

Hungary and Russia founded a joint venture for the preparatory work of the South Stream natural gas pipeline, Hungary Finance Minister Peter Oszko said Friday.

Russia Raises Oil Export Duty To $270.7/Ton from Feb 1

Παρ, 29 Ιανουαρίου 2010 - 19:27

Russia has raised oil export duty to $270.7 a metric ton from Feb. 1 from the current $267/ton, according documents published by Russia's official Rossiyskaya Gazeta newspaper Friday.

Shell's Sakhalin JV Paid $1.4B In Dividend To Russian State

Παρ, 29 Ιανουαρίου 2010 - 19:26

Sakhalin Energy, a joint venture with gas giant OAO Gazprom (GAZP.RS) and oil major Royal Dutch Shell PLC (RDSA) as principle shareholders, paid $1.352 billion in dividends to the Russian state, the Vedomosti daily reports Friday, citing an unpublished financial report from the company.

Gas pipeline

Παρ, 29 Ιανουαρίου 2010 - 16:49

The Nabucco gas pipeline will not be built if an open season bidding process for capacity this year shows demand is too low, an executive of Austria’s OMV said yesterday, adding that demand looked strong.