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French Budget Min Sees Gas Price Retreating

Πεμ, 30 Οκτωβρίου 2008 - 22:52

The price French consumers pay for gas is set to fall, reflecting the retreat in the price of oil in recent weeks, Budget Minister Eric Woerth said Thursday.

Iraq Fin Min Sees 2009 Budget Down $10-15 Bln

Πεμ, 30 Οκτωβρίου 2008 - 22:51

Iraqi Finance Minister Bayan Jabor said Thursday that he expects Iraq's 2009 budget to be reduced by between $10 billion and $15 billion because of the falling price of oil.

Gazprom Neft Might Cut 2009 Capital Investment By 20%-25%

Πεμ, 30 Οκτωβρίου 2008 - 22:50

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), might cut its 2009 capital investment by between 20% and 25%, a Gazprom Neft official said Wednesday.

Gasunie:Nord Stream, Gate LNG Projs Secure Amid Credit Crisis

Πεμ, 30 Οκτωβρίου 2008 - 22:48

The chief executive of state-controlled Dutch gas network operator NV Nederlandse Gasunie Wednesday said he is very confident the economic downturn and credit crisis won't affect the planned Nord Stream gas pipeline or Gate liquefied natural gas terminal.

Gazprom Dep CEO: Plans To Reduce Long-term Fincl Investments

Πεμ, 30 Οκτωβρίου 2008 - 22:47

Russian gas monopoly OAO Gazprom (GAZP.RS) plans to cut long-term financial investments due to the ongoing global economic crisis, Deputy Chief Executive Andrei Kruglov said Wednesday.

Iran's New Refinery To Refine 120,000 B/D By 2012

Πεμ, 30 Οκτωβρίου 2008 - 22:46

Executive operations at Iran's new gas condensates refinery in Bandar Abbas are more than 20% complete and the refinery will be refining 120,000 barrels per day by 2012, the Oil Ministry's official Shana news Web site reported Tuesday.

Iran "Opens Naval Base" Near Oil Route Through Gulf - BBC

Τετ, 29 Οκτωβρίου 2008 - 02:11

LONDON (Dow Jones)--Iran has opened new naval facilities east of the Strait of Hormuz, the entrance to the Gulf which is key to oil supplies, the BBC reports Tuesday, quoting state media.

Russia, China Reach Accord On Oil Pipeline

Τετ, 29 Οκτωβρίου 2008 - 02:07

A top Russian energy official said China will provide Russian oil firms with "considerable" loans in return for increased oil supplies as Moscow and Beijing agreed on details of a new pipeline linking the two countries.

Russia Opposes EU Monitors In Georgia Rebel Regions

Τετ, 29 Οκτωβρίου 2008 - 02:02

SAINT PETERSBURG (AFP)--Russia opposes the deployment of European Union monitors in two Georgian rebel provinces and will enforce security there itself, Russian Foreign Minister Sergei Lavrov said Tuesday.

Venezuela Chavez Says Russia May Follow OPEC Cuts

Τετ, 29 Οκτωβρίου 2008 - 01:58

CARACAS (Dow Jones)--President Hugo Chavez suggested Tuesday that Russia could soon coordinate oil output cuts in line with the Organization of Petroleum Exporting Countries, or OPEC, in a bid to shore up falling prices.

Gazprom To Grant Independent Producers Access To Pipe Network

Τετ, 29 Οκτωβρίου 2008 - 01:53

MOSCOW (Dow Jones)--Russia's state gas firm OAO Gazprom (GAZP.RS) said Tuesday it intends to fulfill the government's order to grant independent gas producers access to the company's vast pipeline network.

Georgian Pres Dismisses Prime MInister -Govt Official

Τετ, 29 Οκτωβρίου 2008 - 01:50

TBILISI, Georgia (AFP)--Georgian President Mikhail Saakashvili has dismissed Prime Minister Lado Gurgenidze and will replace him with the country's ambassador to Turkey, a senior government official said. Saakashvili will ask Georgia's parliament to approve the nomination of Gega Mgaloblishvili, the former Soviet republic's ambassador to Turkey, to replace Gurgenidze, said the official.

Eni CEO:Kashagan Final Deal With Kazakh Govt To Be Signed Friday

Τετ, 29 Οκτωβρίου 2008 - 01:43

Chief Executive Paolo Scaroni said Tuesday he expects the Eni SpA (E)-led consortium to sign the final agreement with the Kazakh government over the Kashagan oil project on Friday, putting an end to a spat that started almost 18 months ago.