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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.

E.ON CEO: To Cut Retail Gas Prices By Up To 20% Apr 1

Δευ, 2 Φεβρουαρίου 2009 - 12:49

E.ON AG (EOAN.XE) plans to cut retail gas prices in Germany by up to 20% from April 1, Chief Executive Wulf Bernotat told daily Frankfurter Allgemeine Zeitung in an interview published Monday.

Gazprom To Lose $2.8B In 1Q On Ukraine

Δευ, 2 Φεβρουαρίου 2009 - 12:48

Gazprom (GAZP.RS) could lose $2.8B on the Ukrainian gas deal in 1Q '09, as trading margins from the purchase of Central Asian gas and its resale to Ukraine will halve along with a reduction in gas trading volumes, Goldman Sachs says.

Leaders Back International Liquidity Facility

Δευ, 2 Φεβρουαρίου 2009 - 12:47

Global leaders meeting at the World Economic Forum this weekend have put forward plans to establish an international liquidity facility to prevent against - rather than mop up after - economic collapse.

Russian-Led Group Lowers Nuclear Power Offer By 28%-30%

Δευ, 2 Φεβρουαρίου 2009 - 12:42

A Russian-led consortium, which was the sole bidder in a tender to build and operate Turkey's first nuclear power station, has reduced its offer to sell electricity by between 28% and 30%, according to Turkish daily Sabah Monday, the Ihlas News Agency, or IHA, reported.

Iran Oil Min: Plan 3.3M B/D Domestic Refining Capacity

Δευ, 2 Φεβρουαρίου 2009 - 12:41

Iran's oil minister said the Islamic republic plans to almost double refining capacity to 3.3 million barrels a day, the oil ministry's official Shana news Web site reports Sunday.