English Edition

Iraq's South Oil Output Falls By 150,000 B/D

Τετ, 4 Φεβρουαρίου 2009 - 12:17

Iraq's crude oil production from its southern oil fields has slipped by 100,000-150,000 barrels a day over the last six months as maintenance problems and a lack of investment undermine the country's output capacity, an oil industry source from Basra said Wednesday.

Bulgaria Seeking New Russian Gas Contracts

Τετ, 4 Φεβρουαρίου 2009 - 12:16

Bulgaria wants to renegotiate its gas supply contracts with Russian energy giant OAO Gazprom (GAZP.RS), cutting out the middlemen and securing strict supply guarantees, state-owned Bulgargaz said Tuesday.

Russia Ready To Expand Nuclear Cooperation With Siemens

Τετ, 4 Φεβρουαρίου 2009 - 12:15

Prime Minister Vladimir Putin on Tuesday said Russia was ready to expand cooperation in the nuclear-energy sector with the German engineering giant Siemens AG (SI), underlining the strength of economic ties between the two countries.

BP Exec: Azer-Chirag-Gunashli Oil Output Now At 700,000 B/D

Τετ, 4 Φεβρουαρίου 2009 - 12:14

Oil production at the BP PLC (BP) operated Azeri-Chirag-Gunashli field in Azerbaijan is now at 700,000 barrels a day, the company's exploration and production head said Tuesday.

Russia's Medvedev To Meet Bulgarian Pres After Gas Row

Τρι, 3 Φεβρουαρίου 2009 - 13:19

The presidents of Russia and Bulgaria will meet in Moscow this week for the first time since a gas crisis strained bilateral ties, the Kremlin said Monday.

Turkey's Petrol Ofisi To Buy 27% Black Sea Gas Proj Stake

Τρι, 3 Φεβρουαρίου 2009 - 13:18

Turkish fuel and oil products distributor Petrol Ofisi AS (PTOFS.IS), or POAS, said Tuesday that it has reached an agreement to buy a 26.75% stake in a gas production project in the Black Sea from the Turkish unit of Toreador Resources Corp. (TRGL) for $55 million, the Ihlas News Agency, or IHA, reported.

Turkey's Global Yatirim: 4 Bids Received For Energy Deal

Τρι, 3 Φεβρουαρίου 2009 - 13:13

Turkey's investment firm Global Yatirim Holding AS (GLYHO.IS) said Tuesday that it has received four bids for a strategic partnership with its energy unit, according to Ihlas News Agency, or IHA.

Iraq Exports 1.893 Million B/D In Jan; +4.2% On Mo

Τρι, 3 Φεβρουαρίου 2009 - 13:12

Iraq's crude oil exports rose to 1.893 million barrels a day in January, up 4.2% from 1.815 million barrels a day in December, a senior Iraqi oil official said Monday.

Iraq Moves Deadline For Oil Firms To Join Bid Register

Τρι, 3 Φεβρουαρίου 2009 - 13:09

Iraq has extended by two weeks to Feb. 15 the deadline for international oil companies to register for the second bidding round announced Dec. 31 to upgrade some of the country's vast oil and gas fields, an authorized oil ministry spokesman said Monday.

Iran OPEC Head: Rising Oil Inventories May Warrant More Cuts

Τρι, 3 Φεβρουαρίου 2009 - 13:08

Iran's Organization of Petroleum Exporting Countries governor said a continued rise in global oil inventories amidst declining crude demand could warrant further production cuts by producers, and more time is needed for oil to rise to the $70 to $100 a barrel level.

Gazprom Grants Put Options On Ruble Bonds For 1st Time

Τρι, 3 Φεβρουαρίου 2009 - 13:06

Russia's biggest energy company, OAO Gazprom (GAZP.RS), will for the first time allow investors to exercise put options on the company's ruble-denominated bonds, the daily Vedomosti reported Tuesday.

Russia Fin Ministry: Hopes Won't Spend All Reserve Fund In 09

Τρι, 3 Φεβρουαρίου 2009 - 13:04

Russia's Finance Ministry Tuesday said it hopes not all assets in the government's Reserve Fund - accumulated from windfall oil revenues and designed to cover budget deficits - will be spent this year.

BP's 4Q Net Loss From TNK-BP At $682 Mln On Prices

Τρι, 3 Φεβρουαρίου 2009 - 13:03

BP PLC (BP) Tuesday said its Russian joint-venture TNK-BP Holding (TNBP.RS) swung to a net loss for the fourth quarter of 2008, while oil production remained almost unchanged.

Clinton, Lavrov Vow To Boost Russia-US Ties

Τρι, 3 Φεβρουαρίου 2009 - 13:02

U.S. Secretary of State Hillary Clinton and Russian Foreign Minister Sergei Lavrov vowed to boost bilateral ties in telephone talks, the Russian Foreign Ministry said Tuesday.

Greek-Bulgarian Pipeline on Schedule

Δευ, 2 Φεβρουαρίου 2009 - 15:27

Construction of a trans-Balkan pipeline to transport Russian crude oil from Bulgaria to Greece will be complete by 2012, in line with original plans, according to Development Minister Costis Hatzidakis. «The program is continuing smoothly and up until now there have been no delays,» said the minister after meeting with senior officials from Trans Balkan Pipeline that will build and operate the pipeline.

Azerbaijan Is Losing Patience On Pipeline

Δευ, 2 Φεβρουαρίου 2009 - 12:51

Azerbaijan won't wait much longer for Europe to build a planned gas pipeline to the Caspian Sea aimed at cutting the continent's deep dependence on supplies from Russia, Ilham Aliyev, president of the energy-rich Caucasus nation, said Friday.