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OPEC maintains output quotas

The Organization of Petroleum Exporting Countries (OPEC) decided on Saturday at an extraordinary meeting in Quito to maintain current quotas for its production.

read more... 13/12/2010

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Uganda to satisfy in-house market oil demand.

Uganda is set to build a refinery in order to meet the local oil demand of an estimated 25,000 barrels per day (bpd) and eventually afterwards supply up to 200,000 bpd for export.

read more... 01/12/2010

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Russia increased its oil export duty.

Russia may increase its oil export duty by 4% to $302 - $304 per ton in December, because of oil price increase to a two-year high.

read more... 11/11/2010

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Russian crude export duty might decline 3 percent in October

According to the Finance Ministry data and Reuters calculations, oil export duty for October in Russia may drop about 3 percent to between $265 and $267 per tonne following the decline in crude prices during the second half of August.

read more... 14/09/2010

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Gazprom to take a $1.5 billion loan

Gazprom Neft, the oil division of the energy company Gazprom, announced the signing of a pre-export finance facility of 1.5 billion dollars for the next 5 years.

read more... 04/08/2010

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