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Srbijagas, Gazprom Talks On S Stream Pipe, JV Next Wk

Πεμ, 5 Μαρτίου 2009 - 18:54

Serbian state gas company Srbijagas and Russian gas giant OAO Gazprom (GAZP.RS) plan to start talks next week in Belgrade on beginning the construction of a 400-kilometer stretch of the South Stream pipeline through Serbia and setting up a joint venture for the construction, Srbijagas CEO Dusan Bajatovic said Thursday, Prime-Tass news agency reported.

Russia's Surgutneftegaz Only Bidder For Talakan Field

Πεμ, 5 Μαρτίου 2009 - 18:48

Russia's oil producer Surgutneftegaz (SNGS.RS) is the only bidder for the license to the East Talakan oil and gas field in Eastern Siberia, the Vedomosti daily reported Thursday.

BP Exec:Azeri-Chirag-Gunashli Oil Prod Close To Full Capacity

Τετ, 4 Μαρτίου 2009 - 18:32

Oil production at BP PLC's (BP) Azeri-Chirag-Gunashli field in Azerbaijan is close to full capacity of 850,000 barrels a day, the company's exploration and production chief Any Inglis said Tuesday.

Security Service Agents Raid Ukraine State Gas Firm

Τετ, 4 Μαρτίου 2009 - 18:28

A group of around 20 masked and camouflaged agents from the Ukrainian security service on Wednesday raided the headquarters of the state gas company Naftogaz, the company said.

Gazprom Sees Drop In Demand, Output

Τετ, 4 Μαρτίου 2009 - 18:23

OAO Gazprom, the world's largest producer of natural gas, posted solid third-quarter profit but said it will be forced to cut spending this year due to falling demand in key markets.

TPAO, Exxon Sign Non-Disclosure Pact For Oil Exploration

Τετ, 4 Μαρτίου 2009 - 18:21

Turkey's national oil company, Turkish Petroleum Corporation, or TPAO, has signed a non-disclosure agreement with Exxon Mobil Corp. (XOM) for oil exploration in southeastern Turkey, the Ihlas News Agency, or IHA, reported Tuesday, citing TPAO General Manager Mehmet Uysal.

Iran Gasoline Storage At 200,000 Tons Ahead Of New Yr

Τετ, 4 Μαρτίου 2009 - 18:18

Iran is storing some 200,000 tons of gasoline, mainly offshore, in anticipation of increased travel during the Iranian New Year holiday starting March 21, industry sources said.

Greece’s Vegas Makes Large Oil Find In Egypt

Τετ, 4 Μαρτίου 2009 - 18:15

Greece’s Vegas Oil and Gas SA has made a significant oil find, in two wells in an onshore concession in Egypt, of over 9,000 barrels per day, and has begun production from one of the wells, the firm said yesterday. Adam Vavourakis, the general manager of Vegas, told Reuters that one of the wells was producing around 1,400 barrels per day after production began several days ago in the Northwest Gemsa concession southeast of Cairo near the Gulf of Suez.

Rosneft 4Q Net Pft -64% At $775M On Oil Prices,Export Duties

Τετ, 4 Μαρτίου 2009 - 18:14

Russia's biggest oil producer OAO Rosneft (ROSN.RS) Wednesday said net profit for the fourth quarter fell 64% as crude oil prices plunged and export duties rose to a record high.

Russia Halts Oil Flow To Black Sea After Pipeline Leak

Τετ, 4 Μαρτίου 2009 - 18:07

Russia has halted oil flows to the Black Sea port of Tuapse due to a pipeline leak, the country's pipeline operator OAO Transneft (TRNFP.RS) said Wednesday.

Areva: Siemens Breached Contract With Rosatom Deal

Τετ, 4 Μαρτίου 2009 - 18:06

French nuclear group Areva SA (CEI.FR) Wednesday said industrial conglomerate Siemens AG (SI) breached a contract it held with Areva by signing a memorandum of understanding Tuesday with Russia's state nuclear firm Rosatom to create a joint venture for building nuclear power plants, an Areva spokeswoman told Dow Jones Newswires.

Russian Foreign Minister Urges US To Talk With Iran

Τρι, 3 Μαρτίου 2009 - 12:30

Russian Foreign Minister Sergei Lavrov has urged the U.S. to engage Iran in direct negotiations, the ITAR-Tass news agency reports.

CEZ CEO: Dividend Payout Of 50% To 60% Remains Valid

Τρι, 3 Μαρτίου 2009 - 12:27

Czech power company CEZ AS (BAACEZ.PR) is going to propose a dividend payout of between 50% and 60% of net profit excluding non-recurring item, the company's chairman said Tuesday.