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Lukoil Asks Govt For Tax Exemptions For New Projects

Lukoil Asks Govt For Tax Exemptions For New Projects

Russian oil major OAO Lukoil Holdings (LKOH.RS) has asked the government to exempt new projects in northern Russia and the Caspian, Black and Azov seas from taxes and export duties, the Kommersant daily said Tuesday, citing the company's Chief Executive Vagit Alekperov.

Nuclear Industry To Welcome U.K. Energy Advisor

Nuclear Industry To Welcome U.K. Energy Advisor

U.K. Energy and Climate Change Secretary Ed Miliband is set to appoint Cambridge University Professor David MacKay as his chief scientific officer this week, the Independent on Sunday reports.

Iran To Put 14 New Oil, Gas Fields For Tender

Iran To Put 14 New Oil, Gas Fields For Tender

Iran is to put 14 new oil or gas fields for tender in the near future, an Iranian news agency said Saturday, amidst increased uncertainty for the country's oil industry.

Iran OK To Transit Gas From Turkmenistan To Iraq,UAE

Iran OK To Transit Gas From Turkmenistan To Iraq,UAE

Iran is willing to allow gas to flow through its pipelines from Turkmenistan to both Iraq and the United Arab Emirates, an Iranian oil official said over the weekend, Mehr News Agency reports.

Putin To Discuss Gas With Ukraine During Poland Trip

Putin To Discuss Gas With Ukraine During Poland Trip

Russian Prime Minister Vladimir Putin will discuss bilateral ties between Russia and Ukraine with his Ukrainian counterpart, Yulia Tymoshenko, during a working visit to Poland, the RIA Novosti news agency reports Monday, citing a senior Russian government official.

Italian Consortium Signs 10-Year Gas Contract With Gazprom

Italian Consortium Signs 10-Year Gas Contract With Gazprom

Italian utility Ascopiave SpA (ASC.MI) said Monday that a consortium in which it has a stake has signed a deal with OAO Gazprom (GAZP.RS) to receive natural gas supplies from the Russian company for the next 10 years.

OPEC Unlikely To Cut Output In Sept

OPEC Unlikely To Cut Output In Sept

The Organization of Petroleum Exporting Countries is unlikely to agree on cutting crude oil output when it next meets in September, a member of Kuwait's Supreme Petroleum Council said Sunday.

Shell To Launch 180,000 Tons/Yr Lubricants Plant In Russia

Shell To Launch 180,000 Tons/Yr Lubricants Plant In Russia

Royal Dutch Shell PLC (RDSA) will by the end of 2010 become the first international oil company to launch a lubricants plant in Russia, the world's third-largest market, the Anglo-Dutch oil major said Monday.

Naftogaz Bond Standoff May Threaten EU Gas Supply

Naftogaz Bond Standoff May Threaten EU Gas Supply

Natural gas supplies from Russia to Europe could be endangered if Naftogaz, Ukraine's state-run energy company, fails to strike a restructuring deal with its Eurobond holders by the end of September.

Sinochem Group:To Participate In Iraqs 2nd Round Oil Bidding

Sinochem Group:To Participate In Iraq's 2nd Round Oil Bidding

State-owned Sinochem Group, China's fourth-largest oil company by assets, said Friday that Baghdad has approved its participation in the second round of bidding for Iraqi oil and gas fields, which will be held in November.

Naftogaz:Eurobond Restructuring Plan To Appear In Wks

Naftogaz:Eurobond Restructuring Plan To Appear In Wks

Ukraine's national natural gas company ended weeks of speculation Thursday when it announced plans to restructure its $500 million Eurobond maturing at the end of next month "in the coming weeks."

Lukoil 2Q Net Profit Slides 44% On Lower Prices

Lukoil 2Q Net Profit Slides 44% On Lower Prices

Russia's second-biggest oil producer OAO Lukoil Holdings (LKOH.RS) Friday said second-quarter net profit dropped 44% on the year as oil prices fell, but beat expectations due to higher downstream sales and output at the Yuzhnoye Khylchuyu field.

6 Powers To Meet Wednesday On Irans Nuclear Program

6 Powers To Meet Wednesday On Iran's Nuclear Program

The five permanent members of the U.N. Security Council plus Germany will meet Wednesday for further discussions on Iran's nuclear program, a Russian deputy foreign minister said Friday.