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№3 March 2012
Table of contents Issue Archive It's MIOGE Time Again with a New Event by ROSING
Pat Davis Szymczak
If it's an odd numbered year - like 2007 - we call it MIOGE. If it's an even numbered year - like 2008 - we call it Neftegaz. But either way, if we're in the month of June we know that the world of oil and gas will soon be descending on Moscow and if you haven't yet booked hotel...
Gazprom Boosts Acquisition Spending, Cuts Field Investment
Russian gas monopoly Gazprom decided to enhance its investment program for 2007 announcing Friday a 47% increase in investment bringing it up to RUR 779 ($30.6 billion) billion in a move approved by the world’s largest natural gas producer’s board of directors.
Gazprom U-Turn on Shtokman Investors
Despite making a series of statements to the contrary, Gazprom has finally admitted that it needs more partners to realize its Shtokman vision.
TNK-BP Offers Longer Term Drilling Contracts
TNK-BP announces a tender for servicing companies to supply and operate drilling rigs on much longer terms than are standard in Russia.
Indignant Belarus Settle Gazprom Debt (With a Little Help From Their Friends)
Belarusian President Alexander Lukashenko has ordered the $460 million Belarus owes Gazprom to be taken out of the country’s reserves. Before making the first payment, Lukashenko accused Moscow of wanting to “privatize enterprises… for free” and said he would not permit his Prime Minister to visit Moscow again after his recent “humiliation”.
Rosneft won yet another Yukos auction, this time acquiring transport assets of the company for RUR 18.57 billion ($731 million).
Gazprom – E.ON Asset Swap Could Hand Russians British Power Stations
A deal between Gazprom and German company E.ON to swap 25 percent of Gazprom's Yuzhno Russkoye gas field for E.ON British power station assets is on the table, according to a Russian newspaper.
Lukoil Denies Conspiracy Allegations
Lukoil denies allegations made by small American firm, Green Oil, that it has conspired to artificially raise prices in the US.