The oil company Gulf Georgia increases the European oil products import to Georgia. According to the company’s information on November 14 Gulf will have a grand celebration of the 10th European vessel’s call at the port of Poti. Gulf is delivering from Europe three types of products: European “regular” gasoline, European quality diesel fuel and […]

The first vice prime-minister, the Minister of Economic Development and Trade of Ukraine Andrey Klyuev ordered the Ministry of Agrarian Policy to develop and submit for governmental consideration the program on conversion of the excess spirit manufacturing capacity into bioethanol production. The Ministry of Economic Development and Trade in cooperation with the Ministry of Agrarian […]

The largest Russian private oil company OAO LUKOIL announces the cases of fraud with the commercial proposals of oil products export on behalf of its subsidiary OOO LUKOIL-Nizhegorodnefteorgsintez, the press-release of the company says. The company holds the information of the fact that at present some individuals are sending out commercial proposals concerning the oil […]

According to the statistical body, the end of the previous week (31.10-06.11) showed no change in gasoline retail prices, but diesel fuel got more expensive by 1.3%. As of November 7 the average price of gasoline comprised 26.39 rubles for one liter. At the same time one liter of A-76 gasoline cost 24.37 rubles, A-92 […]

The nuclear power plants of Ukraine increased the electricity production for the 10 months of 2011 compared to the same period of 2010 by 0.9% — to 73.4 billion KWh, this is reported by the State Enterprise National Nuclear Energy Generating Company “Energoatom” (Kiev). Among other instances there is Zaporozhskaya nuclear power plant which produced […]

The total amount of trading at the St. Petersburg International Mercantile Exchange in the Oil Products section has exceeded 10 million dollars since the beginning of the year. As the representative of the mercantile exchange told the journalists this is more than twice as big as the total trading amount of 2010. The total number […]

The largest Russian independent gas producing company OAO NOVATEK intends to close the deal on purchasing OOO Gazprom Mezhregiongas Chelyabinsk by the end of November and thus become the only gas supplier in the Chelyabinsk region, the Vice-Governor Sergei Komykov declared on Wednesday at the meeting with the heads of municipalities. The press-service of Gazprom […]

ТНК-ВР intends to invest about 10 billion American dollars into its Ukrainian assets within the next 10 years. This was announced today in Kiev by the TNK-BP Commerce Vice-President on Sales, Trading and Logistics Elena Alekseeva in the course of the third international conference Petroleum Ukraine 2011. She specified that these funds are to be […]

Transneft resumed oil pumping through the Baku-Makhachkala-Novorossiysk pipeline, which had been resumed earlier because of the illegal tie-in. According to the updated information, 7.4 cubic meters of oil was poured down into the soil. The consequences of the accidents will be eliminated. The oil pumping was stopped on Tuesday due to the oil leak from […]

The Deputy Chairman of the Management Committee, Director General of Gazprom export Alexandr Medvedev is planning to carry out negotiations with Turkey before the end of the year discussing among other issues the destiny of the South Stream gas pipeline. “I traditionally pay visits to all the countries we work with twice a year, this […]