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Gazprom: Avg 09 Europe Gas Price Above $280/1000 Cubic Meters

Τετ, 24 Ιουνίου 2009 - 15:19

Russian gas firm OAO Gazprom (GAZP.RS) expects the average European export price this year to be above $280 for 1,000 cubic meters, the company's deputy chief executive, Alexander Medvedev, said Wednesday.

Saipem Gets $600M New Contracts In Kazakstan, Congo, Algeria

Τετ, 24 Ιουνίου 2009 - 15:18

Italian oil-services company Saipem SpA (SPM.MI) Wednesday said it won drilling contracts worth around $600 million for six onshore rigs in Kazakhstan, Congo and Algeria.

EU Hopes To Sign Nabucco Transit Deal With Turkey In July

Τρι, 23 Ιουνίου 2009 - 19:07

A deal allowing the transit of natural gas to the European Union through Turkey via the proposed Nabucco pipeline should be signed in July, E.U. Energy Commissioner Andris Piebalgs said Tuesday.

Russian Energy Ministry: Gazprom Considers Halving '09 Invest

Τρι, 23 Ιουνίου 2009 - 19:06

Russian gas giant OAO Gazprom (GAZP.RS) is considering halving its investment for 2009, Interfax news agency reports Tuesday, citing documents from the country's Energy Ministry.

Medvedev Seeks To Boost Mideast Clout In Egypt

Τρι, 23 Ιουνίου 2009 - 19:04

Russia's President Dmitry Medvedev was heading to Egypt on Tuesday to sign a strategic cooperation pact with Cairo, and speak to the Arab League, as Russia seeks to boost its diplomatic clout in the Middle East.

Lukoil Eying Further Downstream Expansion In Europe

Τρι, 23 Ιουνίου 2009 - 19:03

Russia's OAO Lukoil Holdings (LKOH.RS), which last week agreed to buy a stake in a Dutch refinery, continues to study the possibility of further expansion in Europe, a member of Lukoil's management committee said Tuesday.

Russia May Cancel Export Duty On East Siberia In 09

Τρι, 23 Ιουνίου 2009 - 19:01

Russia's government may cancel all export duties on oil produced in East Siberian fields as early as this year, the Interfax news agency reported Tuesday citing the country's Deputy Energy Minister Sergey Kudryashov.

Russian Economy Contracts 11% In May YoY

Τρι, 23 Ιουνίου 2009 - 18:58

The Russian economy contracted by 11% in May, compared with the same month last year, news agencies quoted the country's economic development ministry as saying Tuesday, in the latest blow to hopes of a swift recovery in the country.

EBRD Aims to Participate in Nabucco gas finance

Τρι, 23 Ιουνίου 2009 - 11:49

The European Bank for Reconstruction and Development (EBRD) plans to be a “senior participant” in the financing of the Nabucco gas pipeline, part of the London-based bank’s investments to boost energy security in Europe

Turk Military Drills Raise Tensions With Cyprus Over Oil Exploration

Τρι, 23 Ιουνίου 2009 - 11:43

Turkish and Turkish-Cypriot warships staged search-and-rescue drills off the island of Cyprus yesterday amid tensions over a disputed search for oil and gas. The frigate Gemlik and other vessels took part in the maneuvers off the northern town of Famagusta, which included extinguishing fire on a ship, rescuing illegal migrants from a sinking rubber boat and rescuing the crew of a sea plane in distress

PPC Hirings

Τρι, 23 Ιουνίου 2009 - 11:30

Greece's biggest electricity producer Public Power Corp (PPC) is to hire 4,600 workers after its labour union threatened strikes if no new hirings were made

Refinery Set to Hire 297 Workers, Replace Retirees

Τρι, 23 Ιουνίου 2009 - 11:19

Hellenic Petroleum, Greece’s biggest refiner, said yesterday it plans to hire 297 refinery workers to replace staff that’s retiring. “The Board of Directors has decided to hire 297 employees who will staff new job positions arising due to the upgrade of the refineries and will cover the vacancies arising from retiring staff,” it said in a bourse filing

Gazprom Neft To Decide $500M-$1B Eurobond Issue

Δευ, 22 Ιουνίου 2009 - 19:37

Russian oil major OAO Gazprom Neft (SIBN.RS) will make a decision on a Eurobond issue of between $500 million and $1 billion in the next three months, the Interfax news agency said Monday citing the company's Chief Executive Alexander Dyukov.