Latest news
Gazprom agreed to cut gas prices for some European customers
Russia's largest energy giant, Gazprom declared on Monday its intention to lower gas prices for some of its European customers. Decreased demand and lower prices on the spot market are the main reasons for the lowering prices for long-term supply contracts.
read more... 16/02/2011
Rosneft makes two new discoveries in the Eastern Siberia
Russia's largest state-owned oil company, Rosneft announced that it has discovered two new oil and gas fields in Eastern Siberia with recoverable reserves of around 80 million metric tons each.
read more... 16/02/2011
Iran agrees to export gasoline and diesel to Armenia
The Iranian deputy oil minister announced on Saturday that the country will export 1.5 million liters of gasoline and diesel oil to Armenia each day.
read more... 15/02/2011
Gazprom announces 15% price raise for gas delivered to Europe
According to a presentation to analysts and investors on Friday, Gazprom, the Russian state energy giant, announced that it will export more gas to Europe this year, but at a higher price, about 15%.
read more... 15/02/2011
Rosneft and ExxonMobil to collaborate in the development of Black Sea basin
Russia’s Rosneft and ExxonMobil have found common ground regarding joint development of oil and gas resources in the Black Sea, which involves exploration and production in the Tuapse Trough, an 11,200-square-kilometers deepwater offshore area along the Black Sea coast of the Krasnodar region.
read more... 14/02/2011