Because of the accident, stopped one of the largest refineries of Venezuela

December 20th, 2008

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

Investprogramma Gazprom oil can be reduced almost by half

December 20th, 2008

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 ready to buy a share of BP in CTC

December 20th, 2008

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 did not pay even the October gas supplies

December 20th, 2008

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…)

Countries black gold in distress, but whether these countries to panic?

December 20th, 2008

? 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…)

Signed a contract to supply Russian gas to Serbia

December 20th, 2008

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 price of oil fell to 36 dollars.

December 20th, 2008

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…)

Russia may stop gas supplies to Ukraine in 2009

December 19th, 2008

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…)

J.P. Morgan has lowered the cost of oil forecast for 2009

December 19th, 2008

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

December 19th, 2008

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…)