Oil and Gas Industry Latest news

25.04.2014 Lukoil’s Bulgarian refinery builds waste treatment complex

An investment of USD 1.5bn will go to the first stage of the construction of a heavy waste treatment complex at the Bulgarian Lukoil Neftochim Burgas refinery, Novinite.com reported on April 24.

25.04.2014 Three-four billion dollars needed to upgrade Ukraine’s gas pipelines - minister

$ 3-4 billion is needed for the top-priority stage of the Ukrainian gas transportation system modernization, Energy and Coal Industry Minister Yuriy Prodan told journalists, Ukrinform reported on April 24.

25.04.2014 Gazprom bills Ukraine $11 billion for unused gas

The Russian gas monopoly Gazprom on April 23 billed Naftogaz of Ukraine USD 11 billion for taking less gas than contracted in 2013, Gazprom deputy CEO Alexandr Medvedev told reporters on April 24 in Moscow, Ukrinform has reported.

25.04.2014 US senator wants sanctions against Gazprom

U.S. Senator Bob Corker has said that it is expedient for the West to immediately impose sectoral sanctions on Russia in order to deter the Kremlin's attempts to subjugate Ukraine, Ukrinform reported on April 24.

25.04.2014 China increases retail oil prices

China's top economic planner announced on April 24 that it will raise the per-tonne retail price of gasoline by 155 yuan (25.33 US dollars) and diesel by 145 yuan as of April 25, Xinhua has reported.

25.04.2014 US likely to export shale gas to Asia — Russia’s ambassador

The US is most likely to export its shale gas to Asia instead of Europe, for the prices are more attractive in the former, Russia’s Ambassador to the EU Vladimir Chizhov told the international high-level conference on European energy policy, held in Bruges on April 24, I

25.04.2014 Ukraine, Slovakia to sign deal on gas supply April 28

Ukraine and Slovakia will sign a memorandum on reverse-flow gas supplies on April 28, Ukrainian acting Minister of Energy and Coal Industry Yuriy Prodan said after talks with his Slovak counterpart on Thursday, April 24, ITAR-TASS ha said.

25.04.2014 Transit of Russian gas via Slovakia stable - ministry

Supplies of Russian natural gas to Slovakia and transit via the country proceed stably in line with long-term contracts between Gazprom Export, SPP and Eustream, the press service of the Russian Energy Ministry reported on April 24, ITAR-TASS has said.

25.04.2014 Russia’s Rosneft investment in Far East to reach 79 billion rubles by 2015

Investments of Russian oil major company Rosneft will double to reach 79 billion rubles ($2.2 billion) in the Far Eastern Federal District by 2015, Rosneft President Igor Sechin said at a meeting of the governmental commission on socio-economic development of the Far Eas

25.04.2014 Ukraine orders 4 mcm of gas from RWE daily

Ukraine’s energy company Naftogaz Ukrainy has ordered pipeline operator Ukrtransgas to initiate reverse supplies of 4.08 million cubic meters of gas through Poland under a contract with Germany’s RWE, Ukrtransgas spokeswoman Yelena Mostitskaya told RIA Novosti on April 2