Zarubezhneft could hold an IPO after 2013, if the Russian government does not change its plans on privatizing state companies, Zarubezhneft CEO Nikolay Brunich told journalists.
Russia could begin using a new system for calculating the export duty on crude and oil products and even the rates on light and dirty sorts beginning in August this year, Deputy Russian Finance Minister Sergey Shatalov told journalists during an economic forum in Paris.
The International Energy Agency did not consult Russia before deciding to release oil stock, Russian Finance Minister Alexei Kudrin said on Friday. Kudrin added that despite this, the move was "understandable".
Statoil (OSE: STL, NYSE: STO) presents its long term growth outlook. The company expects to raise production from around 1,9 million barrels in 2010 to above 2.5 million barrels of oil equivalents per day in 2020.
Russia is allocatig €10 million to the Arctic Council over the next two years.
The Ukrainian authorities have decided to sell up to 25 percent of shares in the national oil and gas company, Naftogaz Ukrayiny, RIA-Novosti reported, quoting Ukrainian Fuel and Energy Minister Yuriy Boyko.
KazMunaiGas Exploration Production (“the Company” or “KMG EP“) has reached an agreement with Exploration Venture Limited (EVL) to acquire 50% of Ural Group Limited (UGL), which owns the exploration license for the block Fedorovskiy through 100% stake in LLP “Ural Oil and Ga
Gazprom Neft has completed 3-D seismic survey work on the Equatorial Guinea shelf (block T) in the Niger Delta river basin.
China signed an agreement with Turkmenistan on Tuesday to provide loans to the Central Asian nation's gas company.
Petrobras informs that it has approved the construction and chartering of the first package of seven drilling rigs to be built in Brazil, in line with the international market cost.