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The CPC sharply increased its oil transit

The CPC sharply increased its oil transit

Παρ, 6 Μαρτίου 2009 - 16:27

In February 2009, the Caspian Pipeline Consortium (CPC) considerably increased oil shipments by 21.4% in comparison with the corresponding accounting month of 2008, the CPC press service announced. The CPC transports crude oil from Tengiz - one of Kazakhstan's biggest oilfields - to the Russian port of Novorossiysk.

Putin:New Ukraine Gas Crisis If Debt Not Paid Sat

Putin:New Ukraine Gas Crisis If Debt Not Paid Sat

Πεμ, 5 Μαρτίου 2009 - 19:07

Russian Prime Minister Vladimir Putin warned Thursday that Moscow would again cut off gas supplies to Ukraine and possibly Europe if Kiev doesn't pay off its latest debts by the weekend.

Ukraine Says Pays Off Gas Debts To Russia

Ukraine Says Pays Off Gas Debts To Russia

Πεμ, 5 Μαρτίου 2009 - 19:05

Ukraine's state-run gas company said Thursday it had paid all of its February gas bill to Moscow after Russia warned of once again cutting off supplies to the country.

Bulgaria Braces For Potential Halt In Gas Deliveries

Bulgaria Braces For Potential Halt In Gas Deliveries

Πεμ, 5 Μαρτίου 2009 - 19:04

Bulgaria, hard hit by a halt in Russian gas deliveries via Ukraine in January, said Wednesday it was preparing a new gas rationing plan for the industry and bracing for possible new cuts.

Turkish Dardanelles Strait Reopens To Shipping

Turkish Dardanelles Strait Reopens To Shipping

Πεμ, 5 Μαρτίου 2009 - 19:02

Turkey's Dardanelles Strait has reopened to shipping, an official from the coastal safety agency said Thursday, according to the Ihlas News Agency, or IHA.

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

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.

Russias Surgutneftegaz Only Bidder For Talakan Field

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.

Security Service Agents Raid Ukraine State Gas Firm

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

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

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

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

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.