English Edition

Azerbaijan Shah Deniz Output 9B Cubic Meters/Yr In 09-13

Παρ, 22 Μαΐου 2009 - 19:25

Azerbaijan's Shah Deniz gas condensate field will produce around 9 billion cubic meters in 2009, and output will stay at that level until 2012 or 2013 when the launch of the second phase of the field is planned, the country's energy minister, Natiq Aliyev, said Friday.

Russia Offers Ukraine 5-Year Payment For Gas Transit

Παρ, 22 Μαΐου 2009 - 19:24

Prime Minister Vladimir Putin proposed Friday that Russia pay Ukraine five years in advance for natural gas transit, to help Kiev buy gas to fill its underground storage facilities and ensure uninterrupted supplies to Europe, Russian news agency RIA Novosti reports on its Web site.

Gazprom Neft Increases Stake In Sibir

Παρ, 22 Μαΐου 2009 - 19:22

Russian oil major OAO Gazprom Neft (SIBN.RS) is increasing its stake in London-listed oil company Sibir Energy PLC (SBE.LN), the companies said Friday, amid conflicting reports on the size of the stake Gazprom is eyeing.

Energy Developments in Kazakhstan

Παρ, 22 Μαΐου 2009 - 18:07

Kazakhstan National Company KazMunaiGaz agreed to pay BP PLC $250 million for its 49.9% stake in Kazakhstan Pipeline Ventures, which holds a 1.75% interest in the Caspian Pipeline Consortium (CPC). KazMunaiGaz already owns the remaining share of the venture. The deal, signed on April 30th, 2009, raises Kazakhstan’s stake in the CPC to 20.75% and will increase the access rights of KazMunaiGaz to 14.3 million tons per year after completion of the expansion project.

Azerbaijan Jan-Apr Oil Output Up 0.9% On Year At 15.9M Tons

Πεμ, 21 Μαΐου 2009 - 19:43

Azerbaijan produced 15.878 million metric tons of crude oil from January to April, up 0.9% on the same period last year, Azerbaijan's state statistics agency said late Wednesday.

Iraq To Impose 35% Corporate Tax On Foreign Oil Cos

Πεμ, 21 Μαΐου 2009 - 19:42

Iraq's cabinet has approved a bill that will slap foreign oil firms with a minimum 35% corporate tax in a bid to boost government revenues, government spokesman Ali al-Dabbagh said Wednesday.

Iraq Oil Min:Egyptian Cos Invited To Drill Wells,Extend Pipes

Πεμ, 21 Μαΐου 2009 - 19:41

Iraq will invite Egyptian oil and gas companies to drill wells in Iraq's oil and gas fields and extend pipelines connecting wells and production stations, Iraq's oil minister said Wednesday.

Russia Unlikely To Take Part In OPEC May 28 Meetin

Πεμ, 21 Μαΐου 2009 - 19:39

Russia is unlikely to take part in the meeting of the Organization of the Petroleum Exporting Countries, or OPEC, set for May 28, the Interfax news agency reported Thursday, citing the country's First Deputy Prime Minister Igor Sechin.

Italy To Have 1st Nuclear Power Plant By 2018

Πεμ, 21 Μαΐου 2009 - 19:36

Italy will generate nuclear power by 2018 as the government introduces rules to bring back the energy source for the first time since a 1987 ban, Industry Minister Claudio Scajola said Thursday.

Russian, EU Leaders Meet In Far East For Summit To Mend Ties

Πεμ, 21 Μαΐου 2009 - 19:35

Russian and European Union leaders met Thursday for a summit in a Trans-Siberian Railway city deep in Russia's Far East, seeking to set their rocky relationship back on track after a series of crises.

TNK-BP 1Q Net Pft More Than Halved On Low Prices

Πεμ, 21 Μαΐου 2009 - 19:34

U.K. oil major BP PLC's (BP) Russian joint venture TNK-BP Ltd.'s net profit more than halved in the first quarter due to lower oil prices and despite an increased in production, the company said Thursday.

Russia Close To New Ukraine Gas Crisis

Πεμ, 21 Μαΐου 2009 - 19:32

Russia and Ukraine may be close to a new gas crisis as Kiev faces difficulties making payments, an official accompanying Prime Minister Vladimir Putin to Kazakhstan was quoted as saying Thursday.

Ministry Appoints Four Advisors for DEPA Sale

Πεμ, 21 Μαΐου 2009 - 19:20

The government has picked four investment banks to advise it on the planned sale of a stake in state-controlled natural-gas monopoly DEPA, sources said yesterday. “Greece has hired Alpha Bank, Deutsche Bank, Rothschild and UBS,” said an Economy and Finance Ministry official who declined to be named, according to Reuters.