English Edition

Budget Goal Unattainable, Says IOBE

Τετ, 24 Δεκεμβρίου 2008 - 14:44

The Finance Ministry will not be able to achieve the fiscal goals set in the 2009 budget unless additional measures, such as tax hikes, are implemented, according to a report made public yesterday. Lawmakers passed Greece’s 2009 budget late on Sunday, a plan seen as unrealistic due to the downturn in global economic conditions.

Total Credit Expansion Picks up to 18 pct in Oct

Τετ, 24 Δεκεμβρίου 2008 - 14:42

Greece’s total credit expansion picked up to an 18 percent annual pace in October from a downward revised 17.9 percent in September, Bank of Greece provisional data showed yesterday. “Credit growth to the private sector remained at high levels, reflecting strong lending to business.

Global Economic Slump Lessens Gazprom's Clout

Τετ, 24 Δεκεμβρίου 2008 - 13:42

If, a year ago, Russia's OAO Gazprom had threatened to turn off the taps to Ukraine and create an OPEC-style gas alliance, it would have provoked panic in Western capitals. But now, with oil prices at their lowest in four years, Moscow is having trouble getting the West's attention.

Ukraine Pres: May Return Gas To Gazprom To Pay Down Debt

Τετ, 24 Δεκεμβρίου 2008 - 13:37

Ukrainian President Viktor Yushchenko said Tuesday Ukraine could return gas now stored in underground reservoirs to Russian energy giant OAO Gazprom (GAZP.RS) as part of a debt repayment.

Iraq To Resume Oil Exports To SK Energy

Τετ, 24 Δεκεμβρίου 2008 - 13:35

Iraq's State Oil Marketing Organization, or SOMO, will start selling crude oil to South Korean refiner SK Energy (096770.SE) from January 2009 after a yearlong suspension, a senior Iraqi oil official said Wednesday.

Iraq Targeting 1.9M B/D Oil Exports In 1H 2009

Τετ, 24 Δεκεμβρίου 2008 - 13:33

Iraq is targeting to export 1.9 million barrels a day of Basra Light and Kirkuk crude oil in the first half of 2009, a senior Iraqi oil official said Wednesday.

Iran To Give Pakistan 30,000B/D Oil On Deferred Payment

Τετ, 24 Δεκεμβρίου 2008 - 13:32

Pakistan and Iran have entered into an arrangement under which Iran would provide 30,000 barrels of crude oil a day to Pakistan on a 90-day deferred payment, the Daily Times reported on its Web site Wednesday, citing a well-placed source in the Ministry of Petroleum.

Pres Lukashenko: Russia Will Slash Gas Prices To Belarus

Τετ, 24 Δεκεμβρίου 2008 - 13:31

Russia will drastically slash the price it charges Belarus for natural gas next year, the country's president Alexander Lukashenko said Wednesday in comments carried by Interfax news agency, AFP reports.

Russia's Antitrust Regulator Says Fines Rosneft, Lukoil

Τετ, 24 Δεκεμβρίου 2008 - 13:29

Russia's antitrust regulator, the Federal Antimonopoly Service or FAS, said Wednesday it has fined the country's oil majors OAO Rosneft (ROSN.RS) and OAO Lukoil Holdings (LKOH.RS) for abusing their dominant market position.

Oao Gazprom Total Investments For 2009 Tops RUB920.44B

Τρι, 23 Δεκεμβρίου 2008 - 17:13

Oao Gazprom said Tuesday that the Board according to the approved investment program for 2009, the total amount of investments will make up RUB920.44 billion, the amount of capital investments - RUB699.88 billion, long-term financial investments - RUB220.56 billion.