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Gazprom Research Unit: Yamal Gas Reserves 51,000 BCM

Πεμ, 14 Φεβρουαρίου 2008 - 05:24

Scientific research Institute of Natural Gases and Gas Technologies VNIIGAZ Ltd. - founded by Russian gas monopoly OAO Gazprom (GAZP.RS) - estimates gas reserves at Yamal peninsula and Arctic shelf at 51 trillion cubic meters, the news agency ITAR-tass reported Thursday.

Sibir: Co Escaped Row With Russia Watchdog With $2,800 Fine

Πεμ, 14 Φεβρουαρίου 2008 - 05:23

London-listed oil company Sibir Energy PLC (SBE.LN) escaped almost undamaged from a recent row with the Russian environmental regulating agency Rosprirodnadzor, being fined just 70,000 rubles or US$2,800, the company said.

Gas Trader RosUkrEnergo May Stay In Gas Export Indus-Source

Πεμ, 14 Φεβρουαρίου 2008 - 05:21

Swiss-based gas trading company RosUkrEnergo, a key player in a complicated gas supply scheme between Russia and Ukraine, may stay in business despite an agreement between the two countries to redraw the deal, a person close to the intermediary said Thursday.

Iraq's Foreign Min Invites Lukoil CEO To Visit For Oil Talks

Πεμ, 14 Φεβρουαρίου 2008 - 05:20

Iraq's foreign minister has invited Vagit Alekperov, chief executive of Russian oil producer OAO Lukoil Holdings (LKOH.RS), to visit Iraq for talks on the West Qurna oil field, Lukoil said in a statement.

Gas Natural, EdF In Gas Supply Deal >GAS.MC

Πεμ, 14 Φεβρουαρίου 2008 - 03:07

Gas Natural SDG SA (GAS.MC) Thursday said it has signed a natural gas supply contract with French utility Electricite de France SA (1024251.FR) of 4 billion cubic meters over four years.

Kazakhstan To Review Investors' Contracts This Year

Πεμ, 14 Φεβρουαρίου 2008 - 03:05

Resource-rich Kazakhstan will this year retake control of all natural resources where investors are found in breach of their obligations, Kazakh Prime Minister Karim Masimov said Thursday.

Study Finds Profit In Cutting Greenhouse Gas Emissions

Πεμ, 14 Φεβρουαρίου 2008 - 03:03

Half the cuts in greenhouse gas emissions needed to make the world safe can be achieved at a net profit to the global economy, according to a report from consultancy McKinsey, The Financial Times says.

CEZ Reiterates Goal To Exand Into Gas-Fired Power Generation

Πεμ, 14 Φεβρουαρίου 2008 - 03:02

CEZ AS (BAACEZ.PR), a Czech-based power company with operations across central and eastern Europe, aims to aggressively expand into natural gas fueled electricity production, the company's spokeswoman said Thursday.

Turkey's Petkim 2007 Net Profit Up 27% At TRY73.9 Mln

Πεμ, 14 Φεβρουαρίου 2008 - 03:00

Turkish petrochemicals company Petkim Petrokimya Holding's (PETKM.IS) net profit rose 27% on the year to 73.9 million new Turkish lira ($61.7 million) in 2007 from TRY58 million in 2006, the official Web site of the Istanbul Stock Exchange or IMKB showed Thursday, Ihlas news agency reported.

Russia's UES May Postpone TGK-11 Sale

Πεμ, 14 Φεβρουαρίου 2008 - 02:59

Former electricity monopoly RAO Unified Energy System of Russia (EESR.RS) may postpone the sale of a 28.9% state-owned stake in territorial generation company TGK-11 (TGKK.RS) following potential investors' request, the newspaper Vedomosti reported Thursday.

ACS Could Sell Fenosa Stake To EdF, Target Iberdrola

Πεμ, 14 Φεβρουαρίου 2008 - 02:57

Actividades de Construccion y Servicios SA (ACS.MC), or ACS, could sell its 45.3% stake in Union Fenosa SA (UNF.MC) to French utility Electricite de France SA (1024251.FR) as part of its effort to gain control of Iberdrola SA (IBE.MC), Spanish daily ABC reports Thursday, citing people with knowledge of the transaction.

StatoilHydro Joins EGL in Trans Adriatic Pipeline Gas Project

Πεμ, 14 Φεβρουαρίου 2008 - 01:29

StatoilHydro ASA and Swiss EGL Group singed yesterday in Zurich an agreement to establish an equally-owned joint venture to develop, build and operate the Trans Adriatic Pipeline (TAP). The pipeline will open a new corridor and market outlet for natural gas from the Caspian Sea and Middle East regions into Europe.

Gov’t to hit fuel rackets

Πεμ, 14 Φεβρουαρίου 2008 - 00:49

The Finance Ministry and its special inspections service are preparing to come down hard on the rackets profiteering from the illegal trade in fuels, sources say.