Latest news
Romania – future joint member of South Stream gas pipeline project
Gazprom will keep financing the South Stream gas pipeline project, which has to be ready until 2015, according to Gazprom Chief Executive Alexei Miller.
read more... 14/10/2010
Azerbaijan delays decision for Shah Deniz II gas fields.
Nabucco, the pipeline that should ensure supply of natural gas to the EU, will be delayed as Azeri take longer than expected to make a decision in which project should extract gas from the Shah Deniz II.
read more... 11/10/2010
Russia and China make a 150 billion dollar deal.
The number one producer of crude makes a deal with the number two consumer worth about $150 billion over the next 20 years. This deal comes as the pipeline ESPO (East Siberia to Pacific Ocean Pipeline) was finished, which has a capacity of 300,000 barrels per day and a length of 925 km.
read more... 28/09/2010
Oil price drops to $76 for the second day consecutively
Oil price decreased for the second day consecutively on Wednesday, since the biggest Canada-US crude pipeline has been prepared to restart by the end of the week, according to Enbridge, which is in the process of finalizing repairs on the duct.
read more... 16/09/2010
Russia opens the section of the pipeline transporting oil to China
Russian oil sector obtained a new market for its oil with the opening of the East Siberian-Pacific Ocean oil pipeline.
read more... 01/09/2010