oil

Italy's Eni, LUKoil Discover Huge Oil Deposit in Egypt

18:24 24/05/2012 MOSCOW, May 24 (RIA Novosti)

A consortium of oil companies, including Italy's Eni and Russia's largest private oil company LUKoil, discovered oil in the eastern part of the Libyan Desert 290 kilometers southwest of Alexandria, Eni said on Thursday.

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Field Open for Private Oil to Work Shelf – Putin
16:52 24/05/2012
Any private Russian energy firm can take part in projects to develop the country's continental shelf if it is ready to put cash in and take risks like foreign partners, President Vladimir Putin said on Thursday.1
Russian Press - Behind the Headlines, May 21
15:32 21/05/2012
Kasyanov Announces Parnas Party Reforms \ Legislature Rejects Tax Service Access to Personal Accounts \ Markets Could Follow Oil on a Rebound
Halliburton Wins Gazpromneft Iraq Tender
16:20 17/05/2012
U.S.-based energy services major Halliburton has won a $95 million tender from Gazprom Neft, the oil arm of Russian gas giant Gazprom, to test and complete 11 wells at the Badra oil field in Iraq, the Russian company said on Thursday.
Budget Unaffected by Oil Price Fall – Dvorkovich
11:41 17/05/2012
The Russian authorities have no concerns about the state of the federal budget despite falling global oil prices, Kremlin economic aide Arkady Dvorkovich said on Thursday.
World Oil Price to Double by 2022 – IMF Report
10:53 15/05/2012
World oil prices may double in the next decade with a disastrous effect on the global economy according to a report commissioned by the IMF, The Telegraph reported on Tuesday .
New York Crude Hits Five-Month Low on Europe Worries
17:32 14/05/2012
New York crude oil prices slumped to a five-month low as investors were unnerved by Greece’s political deadlock and Europe’s mounting debt crisis, and also by the Saudi oil minister’s statement of global oil oversupply, market data suggested on Monday.1
Russian Press - Behind the Headlines, May 10
15:58 10/05/2012
Russia Expands Budget on Growing Oil Prices \ Opposition Marchers Clash with Police \ Migrant Workers’ Baby Sold Before Birth
Russian Stocks Dive on Low Brent Oil Futures
18:30 04/05/2012
Russian stocks plunged in Friday trading, reaching their lowest levels since December 2011 as quotes for Brent oil futures sank to three-month lows.
Putin Pledges Tax Breaks for Hard-to-Recover Oilfields
19:51 03/05/2012
An attractive tax regime for hard-to-recover oilfields will help Russia produce an additional 40-100 million tons of crude oil annually, Prime Minister and President-elect Vladimir Putin said on Thursday.1
Rosneft to Raise Dividend by 25%
11:34 28/04/2012
The board of directors of Rosneft, Russia's largest oil company, has recommended raising 2011 dividends by 25 percent on the previous year to 3.45 rubles a share, the company said after its annual shareholders' meeting.
Venezuela to Construct 3 Oil Refineries in China
08:15 28/04/2012
Venezuela will construct three oil refineries in China, the state-run Venezuelan oil company PDVSA said, quoting Energy Minister Rafael Ramirez.
Russian Firms Bid for Iraq Energy Tenders
12:06 25/04/2012
Three large Russian energy companies have filed bids for oilfield tenders in Iraq, a Russian Fuel and Energy official said on Wednesday.
Rosneft Offers Icy Shelf Deal to Russian Oil Firms
13:15 18/04/2012
Russia's largest oil company, Rosneft has presented proposals to four of the country’s largest private oil firms to develop hydrocarbon deposits on Russia's Arctic shelf, but they are unlikely to be happy with its offer, analysts said on Wednesday.
Iran Halts Oil Supplies to Germany – TV
16:27 11/04/2012
Iran has halted its oil exports to Germany, Iranian Press TV channel reported on Wednesday.3
Russia Forecasts 2012 Urals Oil at $115
11:36 03/04/2012
The average price for Russia's main crude oil export blend, Urals, will be $115 per barrel in 2012, Economic Development Minister Elvira Nabiullina said on Tuesday, giving Russia a balanced budget despite rising spending.
Russian Press - Behind the Headlines, March 30
16:35 30/03/2012
Azerbaijan Does Not Want to Fight Iran or Accept Its Refugees \ Army Increases Conscription Due to Shortage of Military Volunteers \ Analysts Discuss Better Management of Oil Revenues
Russian Press - Behind the Headlines, March 27
15:35 27/03/2012
Russia’s Ratings Vulnerable to Oil Price, May Tumble to 2000s Level \ Draft Dodgers to Face Criminal Charges \ New Law May Ease Registration of Nationalist Parties
Russian Oil Export Duty up $50
16:07 23/03/2012
Russia has raised the crude export duty to $460.7 per ton from $411.2, the government website announced on Friday.
Russia to Return to Saving Oil Revenues in Funds
12:32 23/03/2012
Russia will return to its pre-crisis practice of applying the so-called 'budget rule' and saving the country's oil revenues in special state stability funds, Presidential Economic Aide Arkady Dvorkovich said on Friday.

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Images: Swedish Euphoria and Udmurtian Fervor: 2012 Eurovision Song Contest Winners

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