Power Industry News

The work of one of the largest refineries of Venezuela is paralyzed because of a malfunction in the electrical system. (more…)

Gazprom oil is considering three options for development – at a cost of barrels of oil 70, 50 and 32 dollars in the first instance, investments declined by 25% compared with 2008, in the second – by 35% in the third – by 45%. (more…)

Kazmunaygaz willing to pay $ 250 million of 0.87% stake in the Caspian Pipeline Consortium (CPC). This will allow the company to double the quota for prokachku oil. (more…)

Naftogaz Ukrainy is not yet fully pay even for the October delivery of gas from Russia, said press secretary Swiss trader RosUkrEnergo Andrei sticks. (more…)

? Insecurity engulfed in particular those countries whose income from the sale of energy in some cases make up almost all export earnings and the lion’s share of revenue. (more…)

The Serbian state-owned company Serbiyagaz and the Russian-Serbian enterprise Yugorosgaz signed an agreement on deliveries to Serbia in 2009, 2.39 billion cubic meters of Russian gas, said executive director Yugorosgaza Vladimir Koldin. (more…)

The cost of barrels of oil on the New York Mercantile Exchange NYMEX by the end of trading session on 18 December fell by 9%, reaching a record high of 36 dollars (more…)

Ukraine before the end of 2008 does not plan to pay the remaining debt to OAO Gazprom , said today the representative of the gas monopoly Sergey Kupriyanov. (more…)

Bank J.P. Morgan reduced its forecast value of WTI crude oil next year to 43 dollars a barrel from the previous assessment of 69 dollars per barrel. (more…)

Exxon Mobil fined $ 6.1 million for environmental pollution the U.S. government fined the American oil company Exxon Mobil Corp. at 6.1 million dollars for breach of the promise by reducing air pollution at four refineries located in California, Louisiana and Texas. (more…)