English Edition

Qatar Oil Min: OPEC Will Cut Oil Output At Algeria Meet

Τετ, 3 Δεκεμβρίου 2008 - 12:06

Qatar's energy minister Abdulla Bin Hamad Al Attiyah said Wednesday that the Organization of Petroleum Exporting Countries will cut production at the group's next meeting this month in Algeria to help revive declining prices.

Transneft: BP Stand On CPC Expansion Is Blackmail

Τρι, 2 Δεκεμβρίου 2008 - 18:25

Russian oil pipeline monopoly Transneft (TRNFP.RS) said Monday the conditions demanded by U.K. energy giant BP PLC (BP) in exchange for its approval of the expansion of the Caspian Pipeline Consortium pipeline amount to "blackmail," the Prime-Tass news agency reports.

Zhaikmunai's 3Q Revenues From Oil Sales Up 41% On Year

Τρι, 2 Δεκεμβρίου 2008 - 18:22

Zhaikmunai LP (ZKM.LN), an oil and gas company based in northwestern Kazakhstan, said Tuesday its revenues from oil sales rose 41% on the year to $44.9 million in the third quarter of this year, compared with same period in 2007.

EU To Relaunch Russia Talks To Boost Econ, Diplomatic Ties

Τρι, 2 Δεκεμβρίου 2008 - 18:21

The European Union was to resume key partnership talks with Russia Tuesday, aimed at boosting economic and diplomatic ties, three months after they were frozen in the wake of the Georgia conflict.

Russia's Putin Orders Launch Of Baltic Oil Pipeline Project

Τρι, 2 Δεκεμβρίου 2008 - 18:20

Russian Prime Minister Vladimir Putin on Monday gave an order finalizing the construction of a new oil pipeline to the Baltic Sea that Russia hopes will reduce its reliance on neighboring states for transit.

Ukraine, Russia Set For New Gas Talks

Τρι, 2 Δεκεμβρίου 2008 - 18:18

A delegation from Ukraine's state gas company Naftogaz is to hold talks Tuesday in Moscow with Russian energy giant OAO Gazprom (GAZP.RS) on clearing Ukraine's massive gas debt, a government source said.

Iraq 09 Oil Exports May Fall 13% Vs 08

Τρι, 2 Δεκεμβρίου 2008 - 18:16

Iraq oil exports could fall by as much as 13% next year as maintenance problems and labor shortages undermine the country's export capacity, a senior Iraqi oil official said Tuesday, in a development that would further frustrate state spending on the country's redevelopment.

Russia,Norway,Mexico Must Join OPEC Or Cut Output

Τρι, 2 Δεκεμβρίου 2008 - 18:15

Algerian Oil Minister Chakib Khelil, the current president of the Organization of Petroleum Exporting Countries, on Tuesday urged Russia, Norway and Mexico to join or cut their crude production to show solidarity with the group.

Edison Wins Egypt Abu Qir Gas Field Tender In $3.1B Deal

Τρι, 2 Δεκεμβρίου 2008 - 18:13

Edison SpA (EDN.MI), one of Italy's largest energy companies, said Tuesday it won the tender for Egypt's Abu Qir natural gas field in a deal worth $3.1 billion, allowing it to reach its gas supply targets.

Turkmenistan Signals Openness To New Gas Export Routes

Δευ, 1 Δεκεμβρίου 2008 - 18:48

Energy-rich Turkmenistan hopes to find new export routes for its natural gas, its president said Friday, in a sign that the central Asian country may be seeking to lower its dependence on Russia.

German Foreign Min Urges West To Engage With Russia

Δευ, 1 Δεκεμβρίου 2008 - 18:46

The West should seek to influence Russia through engagement rather than trying to contain or punish Moscow, Germany's foreign minister said in an interview published Monday.

Russia's Gazprom Warns Ukraine To Clear Gas Debts

Δευ, 1 Δεκεμβρίου 2008 - 18:44

Russian energy giant Gazprom (GAZP.RS) said Sunday that Ukraine had paid only part of its huge gas debt and threatened Kiev with a more than double price hike unless all arrears were cleared this year.

Turkey Ctrl Bk: Lower Oil, Commodity Prices To Slow CPI

Δευ, 1 Δεκεμβρίου 2008 - 18:42

The Turkish Central Bank said Monday that sharp falls in oil and commodity prices will cause inflation to slow in the upcoming period, the Ihlas News Agency, or IHA, reported.