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Lukoil close to obtaining a tax reduction for Caspian Sea developments

Lukoil applied for a tax reduction for its oil exploitations in Caspian Sea from Finance Ministry of Russia. The tax cut will save Lukoil approximately $460 million for 2011.

read more... 14/07/2010

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Lufkin to build its first plant in Romania

Lufkin, an American oilfield and power transmission products supplier, announced its intention to build a production plant near Romanian oil center, Ploiesti.

read more... 14/07/2010

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Oil export duty in Russia might increase in August

Russia’s export duty might rise in August based on the oil price gains on the world market in June.

read more... 13/07/2010

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Italian - Israeli Joint Venture in solar business

Italian PV industry is expanding on new markets, including Israel solar market, especially after the formation of a new joint venture between the Italian Energos Spa and Israeli Ginergia Ltd. and Menorah Group.

read more... 13/07/2010

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UK gas prices driven up by supply shortage

The lack of supply on British gas market is driving the price to higher levels, registering a new yearly record of 51.50 pence per therm for the day-ahead delivery.

read more... 13/07/2010

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