Oil and Gas Industry Latest news

10.04.2014 Turkey does not expect problems with Russian gas

Ankara does not anticipate problems in its energy relations with Russia in connection with the crisis in Ukraine, Turkish Foreign Minister Ahmet Davutoglu said in an interview published in the Japanese business newspaper Nikkei on April 10, ITAR-TASS has reported.

10.04.2014 OPEC to make room for more oil from Iran, Iraq, Libya

OPEC, which supplies 40 percent of the world’s oil, will accommodate additional output from members Iraq, Iran and Libya, Secretary-General Abdalla El-Badri said, without explaining how it will do so under the group’s ceiling, Bloomberg reported on April 9.

10.04.2014 Slovakia, Ukraine continue to prepare reverse gas flow

Legal issues that prevent reverse gas supplies to Ukraine from Slovakia will be removed, Ukraine's Energy and Coal Industry Minister Yuriy Prodan told reporters on April 9, Ukrinform has reported.

10.04.2014 Ukraine stops storing Russian gas

Ukraine is not pumping Russian gas into underground storage, Energy Minister Yuriy Prodan told reporters before a meeting of at the Cabinet of Ministers on April 9, Ukrinform has reported.

10.04.2014 Government of Ukraine’s annexed Crimea to give oil, gas deposits to Gazprom

The government of Crimea is ready to transfer carbon deposits on the shelf of the Black Sea and the Sea of Azov to the Russian giant "Gazprom," Deputy Chairman of the Council of Ministers of Crimea Nikolai Yanaki told journalists, ITAR-TASS reported on April 9.

10.04.2014 Putin asks Gazprom not to demand prepayment from Ukraine

Russian President Vladimir Putin has asked the gas monopoly Gazprom to refrain from demanding prepayment for gas from Ukraine until more consultations have been held, ITAR-TASS reported on April 9.

10.04.2014 Russia not to redirect oil, gas flows due to sanctions - deputy prime minister

Russia will not redirect its oil and gas flows due to possible economic sanctions, Russia’s senior government official has said, ITAR-TASS reported on April 9. “We are ready to fulfil obligations for carrying out projects in the eastern and western directions.

10.04.2014 Latvia supports Poland on EU energy union

Latvia has spoken in favour of Poland’s idea to create a European energy union, Latvian Prime Minister Laimdota Straujuma told a joint news conference with Polish head of government Donald Tusk on April 9, ITAR-TASS has reported.

10.04.2014 Ukraine to pay debt to Gazprom after price cuts - minister

Ukraine will not repay its gas debt for March supplies to Russian giant Gazprom until it gets back all discounts which were cancelled April 1, Energy and Coal Industry Minister Yury Prodan said on April 9, RIA Novosti reported.

10.04.2014 Serbian government unhappy with Gazprom pocketing profit of NIS

The authorities in Belgrade have opposed the practice of Russian Gazprom, owner of a 56% stake in Naftna Industrija Srbije (NIS), pocketing the entire profit of the company, Novinite.com reported on April 9.