Great Wall Motors and Total Lubrifiants, a France based world class lubricants company, entered into a three-year international cooperation agreement at a signing ceremony held on February 9, 2012 at Great Wall Motor Company Limited global headquarter in Baoding, China
In order to further enhance the effectiveness of the management system, the organisational structure of “SIBUR” LLC has been changed. Structural divisions within the corporate centre have been eliminated.
Russia's gas giant Gazprom plans to finance its large research and development projects with the help of its venture fund from 2011, the company said on Thursday following a board meeting.
Russia's largest private oil company LUKoil increased its first half profit to US GAAP by 24 percent to $4.002 billion, the company said on Tuesday, in line with analysts' expectations in a RIA Novosti poll.
OJSC Varyoganneftegaz (incorporated into TNK-BP) is performing well construction works ahead of its business plan since the beginning of 2010, having drilled 67 wells in this period against the planned 57 wells.
Gazprom Neft increased its revenue from sales by 52 percent in the second quarter of 2010, the company reported in its consolidated financial results under US GAAP standards.
Novatek has launched industrial production of a de-ethylenization unit for non-stable gas condensate at the Yurkharovskoye field and a 326-kilometer condensate pipeline with a throughput capacity of over 3 million tons a year. The pipeline links the Yurkharovskoye field and the company's own refining facilities, the Purov condensate refinery.
LONDON—BP PLC said Tuesday it has agreed to sell its Colombian oil and gas exploration and production business to Ecopetrol SA and Talisman Energy Inc. for $1.9 billion.