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Hugo Chavez will actively promote the independence of Abkhazia and South Ossetia in South America
Venezuelan President Hugo Chavez promised to call on his Latin American allies to recognize the independence of Abkhazia and South Ossetia, two separatist Georgian regions considered autonomous states by just four countries around the world.
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Rosneft 2011 EBITDA Reaches a Historical Peak of USD 22 Billion, Q4 Hydrocarbon Production Exceeds 2.6 mln boe
On February 3, 2012 Rosneft was the first among international oil and gas companies to publish full audited consolidated US GAAP financial statements for 2011.
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Nord Stream pipeline costs will be more expensive than predicted
The 1,220 km long Nord Stream pipeline will be 1.4 billion EUR more expensive than estimated in 2008.
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Report: Key oil refinery in southern Kazakhstan damaged in blaze
Media in Kazakhstan are reporting that a major oil-refining plant in the southern city of Shymkent has been damaged in a fire.
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U.S. Refiners, Oil Workers Avert Strike With Tentative Three-Year Contract

The United Steelworkers union and Royal Dutch Shell Plc (RDSA) averted a potential strike that would have idled as many as 69 refineries by tentatively agreeing to a new three-year contract. |
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Gazpromneft-Nefteservis sells Servisnaya Burovaya Kompaniya and KRS-Servis
At the end of December 2011, Gazpromneft-Nefteservis completed the sale of two of the main production unit’s companies - Servisnaya Burovaya Kompaniya (SBK) and KRS-Servis (KRS).
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Rosneft and Sberbank reach agreement in principle on Taas-Yuryakh project
Rosneft and Sberbank signed a tentative agreement on the acquisition by Rosneft of a 35.3 percent stake in Taas-Yuryakh Neftegazodobycha.
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Oil price control requires huge subsidies
With major oil firms again slashing the prices of their fuel products by token 25 centavos per liter, Energy Secretary Angelo Reyes yesterday tossed …
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Gazprom city
— Okhta centre
The Okhta Centre Project provides the development of a social and business centre in Krasnogvardeisky District in St. Petersburg. This project is expected to…
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Strong earthquake hardly hits Turkey
A strong earthquake has struck eastern Turkey, killing at least 57 people, officials have said.
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Australian's major gold mining area strongly hit by earthquake
A 5.0-magnitude earthquake struck Australia's major gold-mining region on Tuesday, leading to the evacuation of mines, schools and hospitals.
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Gazprom doubling Azerbaijani gas purchase
Today in Krasnaya Polyana Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR) signed in the presence of Russian President Dmitry Medvedev and Azerbaijani President Ilkham Aliev an addendum to the effective purchase and sale contract for the Azerbaijani natural gas.
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Prirazlomnoye field development to secure additional tax revenues for Nenets Autonomous Okrug
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Igor Fyodorov, Governor of the Nenets Autonomous Okrug (NAO).
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Integra Group announces current order book status for 2012
MOSCOW, January 30, 2012 – Integra Group (LSE: INTE) announces its current order book status for 2012.
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Gazprom Group’s net profit expected to grow 25 per cent in 2011 versus 2010
As a result of geological exploration carried out by Gazprom in 2011, the natural gas reserve increment hit the record level of 686.4 billion cubic meters surpassing the production level by 33.8 per cent.
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Offshore oil treasures in eastern Mediterranean sea
With industry interest reawakened by recent deepwater, sub-salt gas finds offshore Israel, the eastern Mediterranean and Levantine Basin today loom large on the frontier exploration agenda.
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LUKOIL to build a tar hydrocracker at burgas refinery
A turnkey project-implementation contract was signed in Sofia today for a heavy-residue hydrocracking complex to be built at the LUKOIL Neftochim Burgas refinery.
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Economic effect of competitive purchases streamlining totals RUB 54.1 billion in 2011
The Board of Directors took notice of the information relevant to application of the Guidelines for goods purchase, work completion and services rendering in Gazprom Group. The Guidelines had been enacted on January 1, 2011.
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World 2009 oil demand seen lowest since 2004
Despite rising optimism about the economy, the US Energy Information Administration on Tuesday again slashed its forecast for 2009
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Lukoil invests $1.3 billion in Titov and Trebs
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The development of one of the biggest remaining fields in the Timan-Pechora province moves closer. |
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