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Russia Claims RUB6B In Back Tax On TNK-BP

Russia Claims RUB6B In Back Tax On TNK-BP

Russia's tax authorities have claimed 6 billion rubles ($256 million) in back taxes on TNK-BP (TNBP.RS), BP PLC's (BP) Russian joint venture, for the 2004-05 tax period, the Vedomosti daily reported Wednesday, citing an unnamed source close to the company.

Oman In Talks To Finalize Two Gas Deals With Iran

Oman In Talks To Finalize Two Gas Deals With Iran

Oman hopes to finalize agreements to develop two Iranian natural gas fields jointly with the Islamic republic within three months, the Iranian oil ministry's official Shana Web site reported Tuesday.

TGK-11 Board Sets SPO Price At RUB0.04 A Share

TGK-11 Board Sets SPO Price At RUB0.04 A Share

The board of Russian regional power generator OAO TGK-11 (TGKK.RS) has set the price of its additional share issue at 0.040225 rubles ($0.002) a share, Interfax news agency reported Wednesday, citing a company disclosure.

Iraq Oil

Iraq Oil

State-owned Turkish Petroleum Corporation (TPAO) is in talks with some firms for possible cooperation on large-scale oil exploration in Iraq, General Manager Mehmet Uysal told Reuters yesterday.

Nabucco Link Not Compromised

Nabucco Link Not Compromised

Turkey said its shipments of Azeri natural gas to Greece and Italy do not compete with the 5-billion-euro Nabucco pipeline project because the Caspian Sea can provide enough fuel for both links.

Greece Rapped Over Gases

Greece Rapped Over Gases

The United Nations has thrown Greece out of the system that allows countries to trade emissions under the Kyoto Protocol and has given Athens three months to come up with a reliable way of testing its pollution levels after deeming its current methods unsatisfactory.

Rosneft May Have Earned Over $1B On Tomskneft Sale

Rosneft May Have Earned Over $1B On Tomskneft Sale

Russian state-controlled oil major OAO Rosneft (ROSN.RS) may earn more than $1 billion on the sale of Tomskneft, which it purchased last year from bankrupt OAO Yukos, the Vedomosti daily said Tuesday.

Gazproms Medvedev Wants Libya-Europe Pipe With Eni

Gazprom's Medvedev Wants Libya-Europe Pipe With Eni

Gazpromexport (OGZPY) Director General Aleksandr Medvedev said the Russian gas company is "talking to Eni SpA (E) about working together" on plans to build a gas pipeline from Libya to Europe, Corriere della Serra reports Tuesday.

Kazakhstan To Get 5BCM Of Natural Gas From Uzbekistan

Kazakhstan To Get 5BCM Of Natural Gas From Uzbekistan

Kazakhstan has agreed with Uzbekistan's Uzbekneftegaz and Russian gas monopoly OAO Gazprom (GAZP.RS) that 5 billion cubic meters of natural gas will supplied to its internal market this year, state news agency Kazinform reported Tuesday citing the energy ministry.

Enels Domestic Natural Gas Network Worth About EUR2B

Enel's Domestic Natural Gas Network Worth About EUR2B

Enel SpA's (ENEL.MI) domestic natural gas distribution network, that the company may sell to reduce its debt, is worth about EUR2 billion, daily Il Sole-24 ore reports Tuesday, without citing sources.

High Oil Prices Might Lead To Recession

High Oil Prices Might Lead To Recession

High crude oil prices might trigger an economic recession and dampen oil demand, the head of the International Energy Agency, or IEA, said Tuesday.