tag:blogger.com,1999:blog-97620572011-10-24T06:36:02.184-07:00Devalnoreply@blogger.comBlogger11261100tag:blogger.com,1999:blog-9762057.post-18745548304453061762009-07-07T07:41:00.001-07:002009-07-07T07:41:28.336-07:00

July 06, 2009 - Bloomberg by William Mauldin - Russian shares fell for a third day as oil retreated below $65 a barrel and a report showed the country’s economic slump deepened. OAO Gazprom, the world’s biggest natural-gas producer, and OAO Tatneft, the oil company in Russia’s republic of Tatarstan, dropped more than 4 percent. The 30-stock Micex Index retreated 3.7 percent to 938.38 at 1:59 p.m.

Devalnoreply@blogger.com3tag:blogger.com,1999:blog-9762057.post-21954083536946339492009-07-07T07:29:00.001-07:002009-07-07T07:29:35.690-07:00

3 July 2009 - Power Engineering Int. - E.ON said it welcomes the Russian government's announcement that it will systematically continue the envisaged liberalization of the Russian electricity market. Another 20 per cent of the market have been opened up to trading since 1 July. As a result, 50 per cent of electricity prices for wholesalers and industrial clients in Russia are determined by market

Devalnoreply@blogger.com1tag:blogger.com,1999:blog-9762057.post-3011884565084509562009-06-29T13:33:00.001-07:002009-06-29T13:33:33.470-07:00

06-29-2009 - Upstream OnLine - Russian Prime Minister Vladimir Putin moved again to ease his government's clasp over the energy sector at the week-end, capping off a week of foreign energy deals with a surprise offer for Anglo-Dutch supermajor Shell. Weaker oil prices, now half of what they were a year ago, have persuaded Russia to scale back its resource nationalism. Moscow now looks to be

Devalnoreply@blogger.com2tag:blogger.com,1999:blog-9762057.post-4338137614443103902009-06-29T13:08:00.001-07:002009-06-29T13:08:55.852-07:00

June 24, 2009 - Baker Botts L.L.P. - A US $15 billion loan agreement between Russian oil and gas company Rosneft and the Chinese government is the first step in the development of a major oil supply contract between the two countries. The agreement, which closed in April of 2009, is one of the largest private loans booked in Russia this year. The Chinese Development Bank (CDB) will fund the loan

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-33930423029550253502009-06-26T13:20:00.001-07:002009-06-26T13:31:08.086-07:00

06-26-2009 - (AFP) — WINDHOEK Russian energy giant Gazprom said Friday its banking unit had struck a one-billion-dollar (711-million-euro) deal with Namibian energy company Namcor to build a new power plant in Namibia. Under the deal, Russia would build a power plant generating energy for both Namibia and South Africa, getting a foothold in the lucrative Kudu gas field, Namibia's only commercial

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-15368899313675844412009-06-26T13:16:00.001-07:002009-06-26T13:31:41.638-07:00

June 26 2009 Financial Times by Matthew Green – Gazprom, the Russian gas group, has signed a deal to invest at least $2.5bn in a joint venture with Nigeria's state-owned oil company to explore and to develop the country's vast gas reserves. Dmitry Medvedev, Russia's president, said during a visit to Abuja, Nigeria's capital, that he hoped the nations would become "major energy partners". "If we

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-12591124864615550312009-06-25T07:44:00.001-07:002009-06-25T07:44:21.264-07:00

MOSCOW, June 25 (Reuters by Simon Shuster) - The European Union is discriminating against Russian-backed gas pipelines in favour of Nabucco, the head of Gazprom's foreign department, Stanislav Tsygankov, said on Thursday. "When you look at the regulatory treatment of Russian-linked projects compared to European ones, one is reminded of the famous book by George Orwell that says all animals are

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-67644765646485322822009-06-25T07:34:00.001-07:002009-06-25T07:38:21.602-07:00

25 June 2009 - The Moscow Times by Anatoly Medetsky, Ira Iosebashvili – French energy major Total and Novatek, Russia's largest independent gas producer, ended a two-year quest to join forces Wednesday, sealing a $900 million project to develop a Siberian gas field, Prime Minister Vladimir Putin said after meeting the companies' chiefs. The agreement -- in which the companies will jointly develop

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-87135163627087218822009-06-25T07:29:00.001-07:002009-06-25T07:30:14.081-07:00

25 June 2009 - The Moscow Times by Maria Antonova - Members of President Dmitry Medvedev's entourage said Wednesday that he would oversee the signing of major gas and nuclear deals, as well as a sweeping agreement on space cooperation during his visit to Nigeria. Medvedev left Egypt on Wednesday afternoon for Nigeria, the second destination on his four-country African tour aiming to establish a

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-3771907241158671782009-06-24T08:38:00.001-07:002009-06-24T08:38:57.971-07:00

June 24, 2009 (Reuters by Katya Golubkova) - MOSCOW, Total (TOTF.PA) emerged as Russia's favoured energy partner on Wednesday, with Prime Minister Vladimir Putin inviting the French major to take part in some of its largest gas projects after meeting its chief executive. Putin welcomed Total's participation in future stages of the giant Shtokman field, which is being led by Russia's Gazprom (

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-52541367999762466722009-06-23T08:06:00.001-07:002009-06-23T08:11:30.127-07:00

23 June, 2009 - Upstream OnLine - Russian producer Surgutneftegaz has replaced 171% of its oil production in 2008 by adding about 105 million tonnes (771 million barrels) of oil to its reserves. The company, which has a total of 134 exploration and production licences, did not disclose the total amount of reserves, a Reuters report said.

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-18772926348061882532009-06-22T15:34:00.001-07:002009-06-22T15:34:09.975-07:00

06-19-2009 - Upstream OnLine - There are no plans to merge Russia's largest oil producer, state-controlled Rosneft , with its privately controlled peer Surgutneftegaz, Rosneft chairman and Russia's top energy official, Igor Sechin, said today. Speaking at Rosneft's annual shareholders' meeting, Sechin was addressing years of speculation that the Surgut could be merged with one of Russia's state

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-52291135102721716782009-06-22T15:30:00.001-07:002009-06-22T15:30:24.051-07:00

06-19-2009 - Upstream OnLine - Russian state-run oil producer Rosneft is planning to cut costs by 18 billion roubles ($579 million) as part of its anti-crisis programme, according to reports. Russian news agency RIA news agency quoted company boss Sergei Bogdanchikov as announcing the move, but did not say whether he was referring to 2009 or the programme that would stretch beyond this year. A

Devalnoreply@blogger.com1tag:blogger.com,1999:blog-9762057.post-76084739555253165412009-06-22T15:20:00.001-07:002009-06-22T15:20:48.245-07:00

June 20, 2009 (Bloomberg by Lyubov Pronina and Torrey Clark) -- Russia and the Netherlands have “serious plans” to extend energy projects and “enhance” European fuel security as Royal Dutch Shell Plc seeks a role in the gas-rich Yamal region, President Dmitry Medvedev said. “We can advance on Yamal projects,” Medvedev told reporters today in Amsterdam, after meeting with Dutch Prime Minister Jan

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-5063487279430603162009-06-22T08:19:00.001-07:002009-06-22T08:19:21.868-07:00

19 June 2009 - Dow Jones - Wall Street Journal by Jacob Gronholt-Pedersen and Geraldine Amiel - MOSCOW/PARIS, Russian oil major OAO Lukoil Holdings (LKOH.RS) Friday said it agreed to buy a major stake a Dutch refinery, the latest in a series of deals signaling Russian energy companies' push to strengthen their positions in the European market. Lukoil, 20%-owned by U.S. oil major ConocoPhillips (

Devalnoreply@blogger.com1tag:blogger.com,1999:blog-9762057.post-59776017260707480862009-06-22T08:14:00.001-07:002009-06-22T08:14:30.484-07:00

MOSCOW, June 19, 2009 - (UPI) -- Chinese President Hu Jintao concluded his visit to Russia Thursday, which included a $100 billion agreement covering deliveries of Russian oil to China. Trud newspaper reported Friday that Russian President Dmitry Medvedev praised the agreement, telling reporters, "The deal worth about $100 billion is the largest ever concluded between Russia and China." Under the

Devalnoreply@blogger.com1tag:blogger.com,1999:blog-9762057.post-67742280480645799342009-06-15T12:05:00.001-07:002009-06-15T12:05:04.343-07:00

15 June 2009 - Bloomberg - LONDON. The government will keep foreign investment in the oil and gas industry at 25 percent of the total to help Russian companies operate profitably, the head of BP said. "Russia believes that's about the right amount, and I don't expect it to change," CEO Tony Hayward told reporters Wednesday. "Russia has got three or four major enterprises, which continue to

Devalnoreply@blogger.com1tag:blogger.com,1999:blog-9762057.post-65562708746436796862009-06-10T13:12:00.001-07:002009-06-10T13:12:48.670-07:00

MOSCOW, June 10, 2009 - (RIA Novosti) - Germany's armed forces have demanded that the planned route of the Nord Stream gas pipeline linking to Russia be altered, Russian business daily reported Kommersant on Wednesday. The 6 billion-euro pipeline being built jointly by Russia and Germany under the Baltic Sea is planned to eventually pump 55 billion cu m of gas per year to Western Europe,

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-15851634863925049782009-06-10T13:09:00.001-07:002009-06-10T13:09:22.320-07:00

06-10-2009 - Upstream OnLine - Russian oil major Lukoil started the placement of a 5 billion rouble ($159.9 million) bond, a spokesman for Troika Dialog, the mandated bookrunner for the deal said today. Lukoil sees the coupon range, for its first rouble-denominated bond issue since the credit crisis effectively froze the local bond market in the second half of last year, at 13.75% to 14.75%. The

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-60086868465835277822009-06-05T15:26:00.001-07:002009-06-05T15:26:23.913-07:00

06-05-2009 - MosNews - World oil prices, currently around $65 a barrel, are inconvenient for Russia, Deputy Prime Minister Igor Sechin says. Russia needs oil prices to be at least $75 a barrel, Sechin was quoted by RIA Novosti as as telling the press Friday. Sechin said making forecasts about oil prices was an ungreatful task at the moment, since the market is totally unpredictable. But he noted

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-87759419013745166812009-06-05T15:13:00.001-07:002009-06-05T15:13:11.531-07:00

ST. PETERSBURG, June 5 (RIA Novosti) - The lack of major investment in the development of new Russian oil fields in the mid-term could increase the prime cost of domestic production and affect global oil prices, a billionaire co-owner of TNK-BP said on Friday. "Unless we invest large sums in the development of new fields in East Siberia, Yamal and the Arctic, in a certain period we will see the

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-83514189270332494292009-06-05T14:00:00.001-07:002009-06-05T15:25:35.203-07:00

06-03-2009 - Upstream OnLine - Russian producer Lukoil posted a 71% drop in net income for the first quarter of 2009, despite lower spending and lift costs per barrel compared to the same period last year. Net income for the quarter came in at $905 million, compared with $3.16 billion in the same period last year. Lifting costs per barrel of oil equivalent during the quarter decreased by almost

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-4609512047714687542009-06-04T13:01:00.001-07:002009-06-04T13:01:43.255-07:00

June 3,2009 (Bloomberg by Steven Bodzin) - Venezuela agreed to work with a group of five Russian oil companies including OAO Rosneft and OAO Lukoil to create an oil joint venture in areas of the country’s Orinoco Belt, according to an accord published today. The venture will work in the central and northern parts of the Carabobo 1 block, according to an agreement signed Nov. 26 and printed today

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-42289556635673190142009-06-02T16:07:00.001-07:002009-06-02T16:07:16.120-07:00

02 June, 2009 – Upstream OnLine – Russia's natural gas production declined sharply last month as the country cut output sharply in response to plunging demand in Europe and at home. However, the country's oil output held steady, Energy Ministry data showed. The data, released today, showed natural gas production at Russia's Gazprom reached new 10-year lows to just 980 million cubic metres per day

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-31998143085351074032009-06-02T13:46:00.001-07:002009-06-02T13:46:24.649-07:00

28 May, 2009 – MosNews - Russia's top oil producer Rosneft said Thursday that first-quarter net profit dropped 19.7 percent to $2.1 billion from the same period a year ago because of lower oil prices and weaker domestic demand. The figure is down from $2.6 billion a year ago — but 65 percent up from the 2008 fourth quarter, when state-controlled Rosneft was under pressure from a steep drop in oil

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-37590367465366978722009-05-29T15:24:00.001-07:002009-05-29T15:24:10.951-07:00

05-27-2009 - Upstream OnLine - Russian gas player Novatek will pay for its planned $650 million acquisition of a stake in Yamal Liquefied Natural Gas in cash, its chief financial officer said, denying media reports it may make the payment in its shares. "It is a cash deal... in several tranches. The first tranche will probably be next week," said Novatek's Mark Gyetvay told Reuters, adding that

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-80026887244223435202009-05-29T15:22:00.001-07:002009-05-29T15:22:24.112-07:00

05-27-2009 - Upstream OnLine - Lukoil boss Vagit Alekperov is set to visit Baghdad for talks about a contract to develop the West Qurna-2 oilfield, according to reports. Lukoil was involved in the development of the first phase of West Qurna and signed a contract with the Saddam Hussein regime to develop the second stage, but the deal was frozen in 2002. Last year, Iraq and Lukoil agreed to

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-62700762715723550852009-05-29T15:08:00.001-07:002009-05-29T15:08:01.778-07:00

05-27-2009 - Upstream OnLine - Russian billionaire Mikhail Fridman has agreed to serve as interim chief executive of TNK-BP, until a permanent appointment is made by the end of the year. BP and Alfa-Access-Renova (AAR), who each hold 50% of TNK-BP, said in a statement that TNK-BP would hire two executives, Pavel Skitovich and Maxim Barsky, each of whom had "the credentials to become the new [

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-30813300278063800062009-05-29T14:35:00.001-07:002009-05-29T14:35:41.685-07:00

May 27, 2009 - (Reuters by Katya Golubkova) - MOSCOW, One of Russia's most secretive businessmen, Gennady Timchenko, revealed on Wednesday he has built up an 18 percent stake in gas firm Novatek (NVTK.MM) as he seeks to diversify his oil wealth into other industries. Timchenko co-founded the world's third-largest crude oil trader by volume, Switzerland-based Gunvor, which has annual revenues

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-47417221362928652009-05-26T13:23:00.001-07:002009-05-27T08:14:23.516-07:00

05-26-2009 - RigZone News - OAO Novatek has received approval from the Federal Agency for Subsurface Use to convert four exploration licenses into new production licenses on fields located in the Yamal-Nenets Autonomous Region. Throughout 2007 and 2008, NOVATEK financed the successful exploration activities on the Severo-Khancheyskiy, Novoyurkharovskiy, Yarudeyskiy and Raduzhny license areas, and

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-69577928277859790502009-05-26T13:20:00.003-07:002009-05-26T13:20:52.750-07:00

05-26-2009 - Upstream OnLine - A potential second candidate for TNK-BP's top job has been mooted as news emerged today that the company's Russia-connected shareholders have suggested appointing an interim chief executive for three to six months before a final choice is made. A source close to the Russian shareholders told Reuters shareholders would consider a second candidate, Maxim Barsky, as a

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-55561829133839175362009-05-26T13:20:00.001-07:002009-05-26T13:20:11.933-07:00

26 May 2009 - Reuters - BP said Monday that it had nominated Pavel Skitovich for the post of chief executive at TNK-BP, in a move it hopes will mark the end of a shareholder conflict at the oil producer. Skitovich, a former Soviet vice consul in Uganda, served as chief executive of gold miner Polyus for five months in 2007 and has worked for the Interros group of billionaire Vladimir Potanin. "As

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-29847762288462562992009-05-26T08:35:00.003-07:002009-05-26T13:40:54.989-07:00

22 May, 2009 - The Moscow News - The European Union is calling on Russia and Ukraine to prevent gas conflicts in the future, after Russia’s President Mikhail Medvedev expressed doubts over Kiev’s ability to pay for its gas and said a new gas row could be near. The EU asks Russia and Ukraine to do everything in their power to prevent such crises, European Commission President Jose Manuel Barroso

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-65717567943839112282009-05-26T08:35:00.001-07:002009-05-26T08:35:00.302-07:00

05-22-2009 - Upstream OnLine - Russia and Ukraine failed to reach a decision on the issue of Ukraine's gas storage, Ukrainian Prime Minister Yulia Tymoshenko said after talks today with her Russian counterpart Vladimir Putin. "There has been no decision worked out on this yet," Tymoshenko said. "But I believe that we will find a compromise." "I'm sure we will find mutual understanding on how to

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-29120477207513844252009-05-15T08:09:00.001-07:002009-05-15T08:09:01.966-07:00

May 14, 2009 - (Itar-Tass) - MOSCOW. Russia’s Foreign Ministry considers any attempts to resolve the issues of Europe’s energy security counterproductive, the ministry’s spokesman, Alexander Nesterenko said on Thursday. “From our point of view the project of creating the EU’s “southern corridor” (dubbed as “modern Silk Road”) without taking into account the interests of the most important energy

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-74585589968273462032009-05-15T08:02:00.001-07:002009-05-15T08:02:08.102-07:00

May 13, 2009 - (UPI) - LONDON. British control over Russian oil venture TNK-BP is dwindling as negotiations to find a new chief executive continue to stagnate. Disputes over corporate direction from BP and Russian oligarchs represented by the Alfa, Access/Renova group erupted last year as former Chief Executive Robert Dudley fled Russia in July, citing harassment. Dudley stepped down last year,

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-1462153032879420722009-05-13T07:47:00.001-07:002009-05-13T07:47:51.954-07:00

May 12, 2009 - (Reuters by Oleg Shchedrov) - TOKYO. Russian gas export monopoly Gazprom ( signed a memorandum of understanding with Japan on Tuesday to explore gas projects in eastern Russia, the company's chief executive said. Alexei Miller told reporters the memorandum would explore ways to process gas near the Pacific city of Vladivostok for supply to consumers in Russia and the Asia-Pacific

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-74022274206387932522009-05-07T14:23:00.001-07:002009-05-07T14:23:39.590-07:00

WASHINGTON, May 5, 2009 (UPI by John C.K. Daly) - In the current global downturn, perhaps no energy company has fallen further from financial grace than Russia's natural gas state concern Gazprom. In a frantic search for liquidity amidst declining energy prices in the global recession, Gazprom is considering raising prices for its potentially most volatile customer base -- the Russian consumer.

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-8605608264576070072009-05-06T08:15:00.001-07:002009-05-06T08:15:57.073-07:00

MOSCOW, May 6, 2009 (RIA Novosti) - Russia exported 21.5 billion cubic meters of gas worth $7 billion, and over 55 million metric tons of oil to the tune of $16.5 billion in the first quarter of 2009, the Federal Customs Service said on Wednesday. Gas exports to non-CIS countries plummeted by 61% in January-March 2009 to 18.6 billion cubic meters year-on-year, while gas exports to former Soviet

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-91872284452152350822009-05-04T07:49:00.001-07:002009-05-04T07:49:21.050-07:00

04 May 2009 - The Moscow Times by Anatoly Medetsky - Deputy Prime Minister Igor Sechin warned the European Union's top energy official on Thursday that gas supplies to Europe through Ukraine could still break down because of limitations in the country's pipeline system. Ukraine needs to buy 19.5 billion cubic meters of gas in the near future to make sure that flows to Europe remain uninterrupted,

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-40263562402096924742009-04-30T12:00:00.001-07:002009-04-30T12:00:32.901-07:00

30 April 2009 - Bloomberg - Yukos Capital won a ruling in a Dutch court for a Rosneft unit to repay 13 billion rubles ($390 million) of loans that were granted before Russia seized and sold off Yukos Oil. The court ruled on Tuesday that four Russian court decisions in Yukos Capital's favor may be enforced in the Netherlands, the Amsterdam Court of Appeal said in a statement on its web site.

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-77859155702456889502009-04-30T11:55:00.001-07:002009-04-30T11:57:03.583-07:00

04-30-2009 - Upstream OnLine - Russian Deputy Prime Minister Igor Sechin said today that transit risks remain for Russian gas deliveries to Europe, according to reports. "From our point of view, risks remain. We have not yet reached guaranteed stability and we are prepared to clarify our position on this issue," Russian news agency Interfax quoted Sechin, who oversees Russia's energy sector, as

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-8385122958223526552009-04-30T11:53:00.001-07:002009-04-30T11:53:53.894-07:00

04-30-2009 - Upstream OnLine - Russia's fourth-largest oil company Surgut said its net profit almost tripled in the first quarter from the fourth quarter of 2008. The company said today that its net profit to Russian Accounting Standards stood at 68.79 billion roubles ($2.07 billion), up from 23.79 billion in the previous three months. The company did not give a reason for the profit increase.

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-77225192215506903682009-04-28T08:44:00.001-07:002009-04-28T08:44:25.174-07:00

MOSCOW, April 27 (RIA Novosti) - Tatneft, one of Russia's top ten crude producers, said on Monday its net profit under Russian Accounting Standards declined 21.7%, year-on-year, in 2008 to 34.29 billion rubles ($1.03 billion). Tatneft, which accounts for 80% of oil output in Russia's Volga Republic of Tatarstan, said its losses in the fourth quarter amounted to 4.4 billion rubles ($132 million)

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-77818713250705075652009-04-24T08:32:00.001-07:002009-04-24T08:32:26.349-07:00

04-24-2009 - Upstream OnLine - The Moscow Arbitration court ruled in favour of state-run producer Rosneft in a 5 billion rouble claim (US$148 million) against rival Russneft, over the latter's purchase of a former Yukos unit. "There was a ruling to satisfy the plaintiff's claim of five billion roubles against Russneft," Reuters quoted a court spokesman as saying. A Rosneft spokesman said the

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-3600042058428424332009-04-23T07:58:00.001-07:002009-04-23T07:58:40.956-07:00

MOSCOW, April 23, 2009 (RIA Novosti) - The Moscow Arbitration Court upheld on Thursday a claim lodged by a subsidiary of state-owned Rosneft for 5.036 billion rubles ($148 million) against Russneft over the illegal purchase of a Yukos asset. Samaraneftegaz, a Volga-based subsidiary of the state oil giant, told the court it was owed 18 billion rubles ($0.53 bln) by the defunct oil company Yukos,

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-58230400457181096362009-04-23T07:54:00.001-07:002009-04-23T07:58:07.547-07:00

BEIJING, April 21 (RIA Novosti) - Russia and China signed an intergovernmental agreement on oil cooperation in Beijing on Tuesday, under which a new branch from the East Siberia-Pacific Ocean (ESPO) pipeline will be built toward China. The agreement sets out terms for oil cooperation between the countries, in particular on the laying of a pipeline from the Skovorodino refinery in Russia's Far

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-41202969950880012322009-04-22T11:19:00.001-07:002009-04-22T14:13:16.175-07:00

04-22-2009 - Moscow Times/AP by Mansur Mirovalev - Imprisoned former Yukos CEO Mikhail Khodorkovsky pleaded not guilty Tuesday to new embezzlement and laundering charges that are widely seen as politically motivated. He and imprisoned business partner Platon Lebedev are accused of embezzling more than $25 billion worth of oil from subsidiaries of his Yukos oil company and laundering most of the

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-49713069580677656782009-04-22T09:57:00.001-07:002009-04-22T09:57:48.265-07:00

04-21-2009 - Upstream OnLine - Moscow and Beijing today finalised a $25 billion deal under which Russia will supply China with oil for 20 years in exchange for loans to Russian state companies. A Russian Energy Ministry official told Reuters that an intergovernmental deal was signed this morning in Beijing by Russian Deputy Prime Minister Igor Sechin, who oversees the energy sector. China agreed

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-61467918143830294672009-04-20T09:24:00.001-07:002009-04-20T09:24:17.229-07:00

04-20-2009 - Upstream OnLine - Russian state-run producer Rosneft has refused to comment on reports that it is considering bidding for AIM-listed Sibir Energy. A report in yesterday's Sunday Times said Rosneft was understood to have contacted Sibir regarding a possible bid for the company. The London-based newspaper, which did not cite its sources for the report, also wrote that Merrill Lynch had

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-48388310182978067222009-04-20T08:53:00.001-07:002009-04-20T08:59:13.510-07:00

20 April 2009 - EurActiv - Europe's hopes of securing natural gas from Azerbaijan via the Nabucco pipeline were further dampened on Saturday (18 April) when Azerbaijan's President Ilham Aliev said he wanted Russia to serve as a transit route for selling gas to Europe. During a visit to Moscow, the president of Azerbaijan Ilham Aliev also confirmed his country's interest in selling gas directly to

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-70566564616876702162009-04-20T08:19:00.001-07:002009-04-20T08:19:06.783-07:00

20 April 2009 - The Moscow Times by Anatoly Medetsky - Azeri President Ilham Aliyev said Saturday that he wanted Russia to serve as a transit route for his country to begin selling gas to Europe, a proposal that could please Western policymakers who have been looking to diversify their energy supplies. The possibility surfaced a day after Aliyev met with President Dmitry Medvedev, who said there

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-74457315904210662032009-04-20T07:20:00.001-07:002009-04-20T07:20:20.258-07:00

April 17, 2009 - AFP News by Alexander Osipovich - Russian President Dmitry Medvedev met his Azerbaijani counterpart Ilham Aliyev on Friday to discuss a deal on natural gas sales which could undermine the EU-backed Nabucco pipeline. "In my opinion we have a very high chance of entering a full-blown agreement," Medvedev told reporters after meeting Aliyev at the Russian leader's residence outside

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-85670422740575753152009-04-17T15:15:00.001-07:002009-04-17T15:15:41.392-07:00

04-17-2009 - Associated Press by Catrina Stewart - Talks between Russia and Azerbaijan on Friday paved the way for a gas supply agreement that may undermine Western Europe's efforts to reduce their energy dependence on Russia. "We have a very high chance of entering a full-blown agreement" on gas supplies, Russian President Dmitry Medvedev told reporters after a meeting with his Azeri counterpart

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-81365951960335290412009-04-17T07:38:00.001-07:002009-04-17T07:38:03.010-07:00

BARVIKHA, April 17 (RIA Novosti) - A potential gas deal between Russia and Azerbaijan will help diversify energy supplies and ensure energy security, Russian President Dmitry Medvedev said on Friday. Russian energy giant Gazprom agreed with Azerbaijan in March to launch talks on a long-term agreement for Azerbaijani gas supplies from January 2010. Azerbaijani President Ilkham Aliyev made the

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-31942445969773013472009-04-17T07:15:00.001-07:002009-04-17T07:15:09.201-07:00

April 16, 2009 - (Reuters by Vladimir Soldatkin) - MOSCOW, A group led by U.S. energy giant ExxonMobil (XOM.N) will invest about $2 billion into Russia's Sakhalin-1 oil and gas project this year, the Sakhalin regional government said on Thursday. Russia approved the Sakhalin-1 budget last week after a prolonged delay which analysts linked to disagreements between Exxon and Russian state gas

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-54234560312608960722009-04-13T07:26:00.001-07:002009-04-13T07:26:55.358-07:00

04–12–2009 – MOSCOW (AP) — Iraqi Prime Minister Nouri al-Maliki met Saturday with Russian business leaders to encourage them to take an active part in rebuilding Iraq's economy. He told the businessmen that his government would welcome their broader involvement in his country. "You will find all the necessary conditions for your work to help restore the Iraqi economy with the support of my

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-58458910018062606632009-04-09T07:48:00.001-07:002009-04-09T07:48:06.119-07:00

April 9th, 2009 - LONDON -(Dow Jones by Alexander Kolyandr) - Russian oil company Russneft, a part of billionaire Oleg Deripaska's holding company Basic Element, or Bazel said Thursday it produced 14.2 million metric tons, or 106.5 million barrels, of oil in 2008, marginally higher than in 2007. The privately-owned company said its revenue for 2008 was $8.09 billion, up 20% from 2007, due to

Devalnoreply@blogger.com1tag:blogger.com,1999:blog-9762057.post-60051785421430971342009-04-08T11:50:00.001-07:002009-04-08T11:50:58.737-07:00

April 8, 2009 - 247 Wall Street by Paul Ausick - Exxon Mobil Corporation has reportedly received approval from the Russian government for its proposed budget for the Sakhalin-I project. Exxon owns 30% of the joint venture that is developing the oil and gas project, and is the project’s operator. No figures were released, nor is there any information on the single largest dispute between the

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-10303622111498669442009-04-08T11:33:00.001-07:002009-04-08T11:33:56.578-07:00

04-06-2009 - Downstream OnLine - A tanker carrying about 67,000 tons of liquefied natural gas docked Monday at an LNG receiving terminal in Sodegaura, Chiba Prefecture, marking the arrival of the first shipment of LNG from Russia's Sakhalin-2 project. Tokyo Gas Co. and Tokyo Electric Power Co., which jointly operate the LNG storage facility southeast of Tokyo, will share in shipments equally,

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-37836230226208976362009-04-08T11:27:00.001-07:002009-04-08T11:27:38.087-07:00

PARIS, April 8 (RIA Novosti) - France is ready to increase investments and its economic presence in Russia to strengthen the two countries' partnership during the world financial crisis, the speaker of France's parliament said on Wednesday. National Assembly President Bernard Accoyer flew to Moscow on Wednesday evening to participate in the 14th Russian-French Inter-parliamentary Committee and

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-37307236366758580812009-04-08T11:22:00.001-07:002009-04-08T11:22:36.038-07:00

YUZHNO-SAKHALINSK, April 8 (RIA Novosti) - The operators of the Sakhalin I and II oil and gas projects off Russia's Pacific Coast produced 3.75 million metric tons (27.5 million barrels) of oil in the first quarter, the regional administration said on Wednesday. Of this volume, 3.39 million metric tons (24.9 million) of oil were exported, 30% more than the same period of last year, the statement

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-52927613999113391072009-04-08T11:18:00.001-07:002009-04-08T11:18:39.629-07:00

MOSCOW, April 7 (RIA Novosti) - Russia's largest independent oil producer LUKoil said on Tuesday its US GAAP unaudited net profit fell 3.9%, year-on-year, in 2008 to $9.14 billion. LUKoil, which accounts for about 1.3% of global oil reserves and 2.3% of world crude output, said its revenues in 2008 increased 31.5% to $107.68 billion. "The Company's operating cash flow increased by 31.5% to

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-78913978400898434602009-04-06T11:11:00.001-07:002009-04-06T11:11:51.950-07:00

06 April 2009 - Moscow Times - Italian Prime Minister Silvio Berlusconi has postponed a visit to Moscow after an earthquake of 6.3 magnitude shook central Italy early Monday morning, leaving more than 20 dead and thousands injured. Berlusconi declared a state of emergency and has not announced a new date for the visit, the Italian Embassy in Moscow said. A group of businessmen were to accompany

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-24404573792209431782009-04-03T07:35:00.001-07:002009-04-06T08:21:11.897-07:00

April 3, 2009 - Reuters by Katya Golubkova - MOSCOW,Russia's Gazprom (GAZP.MM) has suspended talks with indebted aluminium tycoon Oleg Deripaska about the purchase of his oil firm Russneft due to disagreement over the price, sources familiar with the talks said. Deripaska, who is in talks to restructure $7.4 billion of debt at his main asset, the world's largest aluminium producer, UC RUSAL,

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-16181079101063594212009-03-31T08:11:00.001-07:002009-04-06T08:22:34.801-07:00

03-30-2009 - Upstream OnLine - Russia will sign a final deal with China guaranteeing crude supplies in exchange for $25 billion in loans within one or two weeks, Russia's Deputy Prime Minister Igor Sechin was quoted as saying today. A report published by Russia's RIA news agency also said China is due to lend $15 billion to state-controlled Rosneft and another $10 billion to pipeline monopoly

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-89568363272613466912009-03-31T08:09:00.001-07:002009-03-31T08:09:59.739-07:00

03-30-2009 - Upstream OnLine - The first Russian liquefied natural gas cargo for delivery to Japan has been successfully loaded from the Sakhalin II LNG plant into the Energy Frontier LNG carrier. The Energy Frontier left the Prigorodnoye port on 29 March for the Sodegaura terminal in Tokyo Bay, with a cargo of some 145 thousand cubic metres of LNG intended for two of the Sakhalin Energy's

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-38968880886986301252009-03-31T07:57:00.001-07:002009-04-06T08:23:38.334-07:00

MOSCOW, March 31 (RIA Novosti) - Russia's state-controlled oil producer Rosneft said on Tuesday its net profit calculated to Russian Accounting Standards declined 12.8%, year-on-year, in 2008 to 141.31 billion rubles ($4.2 billion). Rosneft, which became Russia's largest crude producer after acquiring most of the assets of bankrupt oil firm Yukos through liquidation auctions in 2007, posted a

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-3872387787197510122009-03-30T07:29:00.001-07:002009-03-30T07:29:51.079-07:00

30 March 2009 - The Moscow Times - Gazprom won an agreement from Azerbaijan on Friday to begin talks on buying Azeri gas in a deal that looks set to undermine the prospects of supply diversification for Europe. Gazprom and the State Oil Company of Azerbaijan, or Socar, will discuss the terms of deliveries, which are to start next year, Gazprom said in an e-mailed statement after a meeting between

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-58058470836466472492009-03-30T06:57:00.001-07:002009-03-30T06:57:47.591-07:00

March 27,2009 - (Itar-Tass) - MOSCOW, Germany’s Siemens corporation hopes to become a strategic partner of Russia’s gas giant Gazprom in the sphere of liquefied natural gas production, first of all in the Shtokman offshore gas field in the Arctic, Siemens Vice President Dietrich Moeller said in an interview with The Gazprom corporate magazine on Friday. In his words, this issue was in the focus

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-68147300184594685902009-03-27T11:00:00.001-07:002009-04-06T08:28:24.006-07:00

March 26, 2009 - EurasiaNet by Sergei Blagov - It is clear that nothing happened during Turkmen leader Gurbanguly Berdymukhamedov’s just-concluded visit to Moscow that could shake up a stalling relationship. Experts are still wondering, however, about what exactly occurred during Berdymukhamedov’s talks with top Russian officials, including President Dmitry Medvedev. The visit did not produce a

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-18740684199207816432009-03-26T12:03:00.001-07:002009-04-06T08:30:43.981-07:00

MOSCOW, March 26, 2009 (RIA Novosti) - Russian independent natural gas producer Itera plans to give up some foreign projects to focus on the development of its business in Russia, a company spokesman said on Thursday. Itera earlier sold its 4% stake in ArmRosGazprom, which supplies gas to Armenia, to energy giant Gazprom. In addition, Suntera Canada, founded by Itera and SUN Energy (India), has

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-61948277696695103552009-03-25T13:38:00.001-07:002009-03-25T13:38:18.395-07:00

03-25-2009 - Upstream OnLine - Russia and Turkmenistan will soon sign new agreements on natural gas production and transportation, Russian President Dmitry Medvedev said today. "We studied in detail cooperation in the fuel and energy sector, including progress in the implementation of very important accords, such as the intergovernmental agreement on the Caspian pipeline, and other projects,"

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-26532486765239223812009-03-25T13:20:00.001-07:002009-04-06T08:44:15.907-07:00

03-25-2009 - Upstream OnLine - Russian gas giant Gazprom said that it had the full support of Italiy's Eni to build new gas links to bypass Ukraine following meetings that coincided with a new row between Moscow and Kiev. Gazprom said its head Alexei Miller and Eni chief executive Paolo Scaroni met in Moscow to discuss their joint project, the South Stream gas pipeline, which will take Russian

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-90071861813725151772009-03-25T13:16:00.001-07:002009-03-25T13:16:30.828-07:00

03-24-2009 - Upstream OnLine - Eni boss Paolo Scaroni met Russia's Deputy Prime Minister Igor Sechin today and is set to meet Gazprom chairman Alexei Miller, according to sources. Eni and Gazprom have joint operations and meet periodically. Gazprom has a call option on a 20% stake held by Eni in Gazpromneft which expires in April and has been valued at about $4.3 billion. A Gazprom source told

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-69428580246297192812009-03-24T11:44:00.001-07:002009-03-24T11:44:15.750-07:00

March 23, 2009 - Gerson Lehrman Group by Michael Lynch - Nancy Agin (Dow Jones) reported in the Rigzone Newsletter of March 17 that Venezuela’s President Hugo Chavez has confirmed a deal with a Russian consortium to exploit the Junin 6 Block in the Orinoco Tar Belt. The project will have a capacity of 200,000 bbl/day. The consortium will include Lukoil, TNK, Rosneft and Gazprom. The group will

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-54333215682911418632009-03-18T11:16:00.001-07:002009-03-18T11:16:37.456-07:00

03-16-2009 - Interfax - Russia will reduce oil export duty to $110 per tonne starting April 1, 2009, Alexander Sakovich, a deputy head of the Russian Finance Ministry's customs payments department, told Interfax. Since March 1, 2009, the oil export duty has been $115.3 per tonne. The export duty rate to take effect on April 1 has been calculated based on the results of monitoring average prices

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-25879707597430016882009-03-18T09:19:00.001-07:002009-03-18T09:19:19.542-07:00

03-17-2009 - Upstream OnLine - A Russian consortium is looking at leasing up to 15 blocks covering a total of 15,440 square miles (40,000 square kilometres) for oil exploration in Cuba's part of the Gulf of Mexico, a Cuban oil official said today. Companies from China and Angola are negotiating deals for oil blocks in Cuban waters, which abut those of Mexico and the US, said Manuel Marrero Faz of

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-36980805351648280842009-03-18T09:17:00.001-07:002009-03-18T09:17:17.398-07:00

03-18-2009 - Upstream OnLine - Gazprom Neft and Tatneft are the latest Russian oil companies to begin talks with western banks to secure syndicated loans, according to banking sources. Gazprom Neft, the oil arm of Russia's gas export monopoly Gazprom , is sounding out banks over a $1 billion loan, while mid-sized oil company Tatneft wants up to $600 million, the sources told Reuters. In addition,

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-24959488310919980062009-03-18T09:14:00.001-07:002009-03-18T09:14:29.258-07:00

03-18-2009 - Upstream OnLine - UK supermajor BP's Russian joint venture TNK-BP has named a new chief financial officer and executive director, both non-Russian. Jonathan Muir, who has been with TNK-BP since its creation in 2003 as vice president for financial control, has been appointed chief financial officer. Muir has been TNK-BP's acting chief financial official since August 2008. The company

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-53085227715339382452009-03-18T09:09:00.001-07:002009-03-18T09:09:22.229-07:00

16.03.2009 - [Neftegaz.RU] - According to unofficial data, Rosneft, LUKoil, Gazprom Neft and Tatneft are each in talks with consortiums of foreign banks on the opening of pre-export credit lines worth a total of roughly $5 bln. Rosneft and LUKoil have the most significant debts, amounting to $21.2 bln and $9 bln, respectively. According to RBC, analysts believe, however, that this will not

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-52731938836591956802009-03-18T08:46:00.001-07:002009-03-18T08:46:59.161-07:00

 MOSCOW, March 18 (RIA Novosti) - Russia's oil exports fell 3.4% year-on-year in January to 20.5 million metric tons (150 million barrels), the country's top statistics body said on Wednesday. Oil accounted for 35.2% of Russia's exports in the reporting period compared with 38% a year earlier, the Federal State Statistics Service (Rosstat) said. Oil production in Russia fell 0.8% year-on-year in

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-54657643574337527332009-03-17T07:29:00.001-07:002009-03-17T07:29:09.191-07:00

Mar 16 2009 – Finam News - Gazprom and Rosneft will fulfill their debt obligations to foreign creditors at any oil price on international markets, Vice PM Igor Sechin said on Sunday. In 2009, Gazprom has to repay USD7.3 bn of loans and Rosneft has to repay USD 3.1 bn by 2012. “The level of oil prices has almost no impact on the debt repayment abilities of our companies”, the Vice PM said. “These

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-68756646028238639622009-03-17T07:28:00.001-07:002009-03-17T07:28:57.284-07:00

torque

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-13839548546326131212009-03-16T13:27:00.001-07:002009-03-16T13:27:58.369-07:00

March 15 (Bloomberg by Steven Bodzin) - Russia, the world’s second-biggest oil producer, and Venezuela will form a fourth venture to pump crude in the Orinoco belt, Venezuela’s richest petroleum region. The two nations aim to produce oil in the Junin 6 area, state oil company Petroleos de Venezuela SA or PDVSA, said late yesterday on its Web site, citing an agreement between Russian Deputy Prime

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-12072347809320979162009-03-16T12:58:00.001-07:002009-03-16T12:58:52.286-07:00

16 Mar. 2009 - Platts by Anna Shiryaevskaya - Moscow. Russian oil producer Russneft may go bankrupt or be sold as a result of a looming default on a $2.8 billion bank loan arranged by billionaire Oleg Deripaska, who initially planned to buy the company, sources close to Russneft shareholders said Monday. Russian state energy giants Gazprom and Rosneft are now listed among new potential buyers of

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-9768377213413949192009-03-13T09:04:00.001-07:002009-03-13T09:04:56.394-07:00

03-13-2009 - News Time - TNK-BP says it will invest roughly $ 700 M in 2009—2013 in the developing the Kamennoe field in the Khanty-Mansi Autonomous Area. This development will add around 200 million barrels of reserves (per SEC methodology) over the next four years to TNK-BP’s balance sheet. Crude production at Kamennoe totaled 1.3 M tons in 2008, and in 2009 it is expected to reach the level of

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-7936263546570719482009-03-11T08:32:00.001-07:002009-03-13T08:12:14.204-07:00

MOSCOW, Jan 9 (Reuters) - Sakhalin Energy will produce 6 million tonnes of liquefied natural gas this year, or around two thirds of its designed capacity, with the first cargo to sail at the end of March, Russia's Energy Ministry said on Monday. The ministry also said the company, which is controlled by Russian gas export monopoly Gazprom, will increase oil output to 5 million tonnes this year

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-2906679664902635492009-03-11T08:24:00.001-07:002009-03-11T08:24:34.350-07:00

RBC, 10.03.2009, Moscow 19:02:07 - The fall in hydrocarbon prices has not caused a system failure in Russian energy companies, Russian Prime Minister Vladimir Putin told a press conference on the results of Russian-Hungarian consultations in Moscow today. In turn, Gazprom CEO Alexei Miller agreed that the changes in market prices were not in fact having a very big impact on the companies'

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-75986099800114953182009-03-06T08:00:00.001-08:002009-03-13T07:57:42.158-07:00

March 6, 2009 - (RIA Novosti) - Russia's Petros company and Indonesia's Nuansa Group have signed a memorandum on joint implementation of Russian technologies in the development of abandoned oil fields in Indonesia. "There are many oil fields in Indonesia whose exploration has been abandoned for various reasons. We need new technologies to continue their development, and we are glad that we can

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-76368656831923242102009-03-06T07:51:00.001-08:002009-03-13T07:52:32.485-07:00

March 6, 2009 - China Daily by Wang Zhuoqiong - China will renew its deals with Moscow for energy resources before the end of this month, said the Chinese ambassador to Russia yesterday as he hailed the unbreakable link between the two nations. The agreements will include a long-term crude oil trading pact and a project to build a new pipeline, ambassador Liu Guchang told China Daily during

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-66175108032621776882009-03-05T14:49:00.001-08:002009-03-05T14:49:00.511-08:00

06 March 2009 - The Moscow Times by Anatoly Medetsky - Prime Minister Vladimir Putin harshly accused Ukrainian officials on Thursday of jeopardizing transit of Russian natural gas to Europe by ordering raids on Ukraine's national energy company. But Putin, speaking at a regular meeting of the Presidium, a trimmed-down Cabinet, was conspicuously silent about a proposal by President Dmitry Medvedev

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-11357003878019626962009-03-05T14:45:00.003-08:002009-03-13T08:06:59.800-07:00

03-05-2009 - Upstream OnLine - Gazprom Neft, the oil arm of Russia's gas export monopoly Gazprom, may emerge as a new owner of mid-sized oil outfit Russneft, according to reports. Moscow-based financial daily Vedomosti quoted a source close to Sberbank , Russia's largest bank, as saying such a deal could take place because the current effective owner of Russneft, Russian businessman Oleg

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-72749512585971058732009-03-05T14:45:00.001-08:002009-03-13T08:19:30.112-07:00

03-04-2009 - Upstream OnLine - Russian producer Rosneft posted a 64.4% decline in fourth-quarter 2008 net profit due to a sharp fall in crude prices and a lag in the decline of price-related taxes. The $775 million profit beat a $270 million net loss forecast by analysts and included $956 million in deferred income tax benefits and $946 million of foreign exchange gains from the revaluation of

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-55795844369167448862009-03-02T10:54:00.001-08:002009-03-02T10:54:43.390-08:00

March 02, 2009 - Regnum Information Agency - Gerhard Schroeder, former Chancellor of Germany and Independent Director of TNK-BP, in now on a working trip to Yugra. Mr. Schroeder came to Yugra to see the operation of TNK-BP enterprises in the current financial crisis conditions, the press service of the Governor of the Khanty-Mansi Autonomous Area said to a correspondent of the Regnum Information

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-17222674662392305672009-03-02T10:33:00.001-08:002009-03-02T10:33:33.556-08:00

RBC, 02.03.2009 – Tehran 19:20:22 – Russia's Energy Minister Sergei Shmatko and Iran's Petroleum Minister Qolam Hosein Nozari, as well as President of the Atomic Energy Organization of Iran Gholam Reza Aghazadeh discussed a number of Russia-Iran oil and gas projects in Tehran today. According to the press office of the Russian Energy Ministry, Russia suggested that Iran sell part of its oil

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-50700819312736592552009-03-02T10:01:00.001-08:002009-03-02T10:01:04.696-08:00

TEHRAN, March 2, 2009 (RIA Novosti) - Russia has invited Iran to sell crude oil on the St. Petersburg Commodity Exchange, the Russian energy minister said on Monday. "The Russian side has proposed that our Iranian partners consider the possibility of selling a part of Iran's oil at the St. Petersburg Commodity Exchange," Sergei Shmatko said. Shmatko, who is the Russian co-chairman of a bilateral

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-79741566158127626772009-03-02T09:20:00.001-08:002009-03-02T09:20:01.203-08:00

24.02.2009 - Reuters-Neftegaz.RU - "We have to reduce operating costs and investments by at least 20 percent (this year)," Andrei Kuzyaev, who is also vice president of LUKoil, told the Interfax news agency in an interview. He added the firm would save liquidity by delaying some of its many exploration projects. It will also cut administrative and management costs this year by 40 percent and in

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-23585890478383649422009-02-27T08:46:00.001-08:002009-02-27T08:46:19.565-08:00

26 February 2009 - The Moscow Times by Anatoly Medetsky - U.S. oil major Chevron pulled out of a joint venture with Gazprom Neft after disappointing finds at the two Siberian fields they explored, a spokesman for the Russian company said Wednesday. Chevron's office in Moscow confirmed the previously undisclosed decision, saying it left Northern Taiga Neftegaz in August. Gazprom Neft is now the

Devalnoreply@blogger.com0tag:blogger.com,1999:blog-9762057.post-4652363801146471012009-02-27T07:41:00.001-08:002009-02-27T07:41:20.847-08:00

02-25-2009 - Upstream OnLine - Russia plans to build a second liquefied natural gas plant in its far east region in next few years, a regional governor said, just a week after the Sakhalin-2 project came on stream. Primorye Governor Sergei Darkin said the plant would be among the largest in the Asia-Pacific region, although the details of the project were still being worked out. Natural gas would

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