Latest news
Russia and Ukraine failed to reach a gas agreement
Russia and Ukraine failed to reach an agreement after another round of gas talks on Tuesday night, over Kiev’s struggle for a gas price cut.
read more... 23/12/2011
Daily – oil up after three consecutive losing sessions
Crude oil prices increased on Friday on EU summit agreement and on news of China’s plans to invest 300 billion dollars in Europe and the U.S. which lifted the euro and equities markets.
read more... 12/12/2011
Daily – oil prices slightly up on released API data
U.S. and Brent crude oil futures increased slightly on Tuesday as released data by API Institute indicated a 5 million barrel drop in crude stocks last week, much more as forecasted and on hopes that EU leaders could draft a credible agreement in order to resolve region’s debt crisis.
read more... 07/12/2011
Iraq to sign a gas deal with Shell and Mitsubishi
The Iraqi cabinet has signed a definitive $17bn agreement with Royal Dutch Shell and Mitsubishi on Sunday to capture flared gas from southern oilfields.
read more... 28/11/2011
Iraqi cabinet approved raw gas agreement
Recently, the Iraqi Government confirmed an agreement with Mitsubishi Corporation and Royal Dutch Shell creating a joint venture, called Basrah Gas Company (BGC) for gathering raw gas from three large oil fields, Rumaila, Zubair, West Qurna 1 and Majnoon situated in the southern part of the country. This is an important move toward reducing greenhouse-gas emissions, building a reliable energy supply and attracting more investments in the country.
read more... 17/11/2011