Gazprom commissions Far East gas pipeline
Gazprom has launched the first stage of the Sakhalin-Khabarovsk-Vladivostok pipeline, which is a major pipeline of the Eastern gas program intended to develop gas distribution in Russia's Far East.
Gazprom, Bulgaria to sign South Stream feasibility study accord
An agreement on carrying out the feasibility study for the Bulgarian stretch of the South Stream project is expected to be signed next week, Gazprom's CEO Alexei Miller told journalists today. "We have made significant progress in discussing all matters related to the South Stream project," the energy holding's statement citing Miller reads. Miller indicated that the parties were planning to form a joint venture in November 2010, "much earlier than originally planned."
Putin suggests Gazprom-Naftogaz merger
Russia's Prime Minister Vladimir Putin suggested merging Russia's Gazprom and Naftogaz of Ukraine. Speaking to journalists after the Russian-Ukrainian talks in Sochi, he said that Russia could make an integration proposal for the gas sphere similar to the nuclear proposal that had just been made.
Tatneft enjoys jump in annual net profit
Tatneft's net profit under RAS climbed 48 percent to RUB 50.87bn (approx. USD 1.73bn) in 2009 compared to the previous year, the Russian oil company announced today.
Quotations of oil grades on the basis of Monday trading have decreased sufficiently. November contract for North Sea Brent crude fell by $2.63 – down to $68.69 per barrel. The cost of futures contract of Texas WTI crude for October delivery fell by $2.33 down to $69.71 per barrel.
Quotations of oil grades on the basis of Wednesday trading have increased sufficiently. November contract for North Sea Brent crude went up by $1.81 – up to $71.67 per barrel. The cost of futures contract of Texas WTI crude for October delivery was raised by $1.58 up to $72.51 per barrel.