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Russia Slams Ukraine For Refusing Lawmaker Entry

Russia Slams Ukraine For Refusing Lawmaker Entry

The Russian Foreign Ministry said Monday the refusal by Ukrainian authorities to allow a Russian lawmaker entry into the country at the weekend was "unfriendly," the RIA Novosti news agency reports.

Rosneft Receives First $400 Mln Tranche Of China Loan

Rosneft Receives First $400 Mln Tranche Of China Loan

Russia's biggest oil producer, OAO Rosneft (ROSN.RS), has received the first $400 million of a $15 billion loan from China Development Bank, VTB Bank (VTBR.RS) said Monday.

Sibir Energy: Gazprom Neft Offers 500p For Minority Shares

Sibir Energy: Gazprom Neft Offers 500p For Minority Shares

London-listed oil producer Sibir Energy PLC (SBE.LN) said Monday Russian oil major OAO Gazprom Neft (SIBN.RS) has made a new offer, through Renaissance Securities Ltd., to buy minority shares at 500 pence each.

Exxon: Turkey Approves Deal With TPAO To Explore Black Sea

Exxon: Turkey Approves Deal With TPAO To Explore Black Sea

Exxon Mobil Corp. (XOM) said Monday the Turkish government has approved an agreement between the oil giant and the Turkey's national oil company TPAO to explore two deepwater blocks in the Black Sea.

Austrias Verbund Acquires 13 Hydro Plants From E.ON

Austria's Verbund Acquires 13 Hydro Plants From E.ON

Verbund AG (VER.VI), Austria's leading electricity company, said Monday it would acquire a total of 13 hydro power plants along the river Inn from German utility E.ON AG (EOAN.XE).

IEAs Tanaka: Oil Price To Rise In Long Term

IEA's Tanaka: Oil Price To Rise In Long Term

The price of crude oil is bound to rise "higher and higher" in the long term, as supply tightens and demand grows, Nobuo Tanaka, executive director of the International Energy Agency, said Friday.

Rosneft CEO Says Second Quarter Outlook Optimistic

Rosneft CEO Says Second Quarter Outlook Optimistic

Chief Executive of Russian oil firm OAO Rosneft (ROSN.RS), Sergey Bogdanchikov, said Friday it is optimistic about the second quarter and that there is no reason to change the company's financial outlook for 2009.

MOL: Russias Surgut Started Court Case Against The Company

MOL: Russia's Surgut Started Court Case Against The Company

Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Thursday that Russia's OAO Surgutneftegas (SNGS.RS) initiated judicial supervision against MOL before the Metropolitan Court of Registration because of MOL's refusal to register Surgut's share purchase in the company's register.

Gazprom CEO: May Cooperate With Shell On Yamal LNG Project

Gazprom CEO: May Cooperate With Shell On Yamal LNG Project

Russian gas giant OAO Gazprom (GAZP.RS) is considering inviting Royal Dutch Shell PLC (RDSA) to participate in liquified natural gas projects on the Arctic Yamal Peninsula, Gazprom's Chief Executive Alexei Miller said Thursday.