Oil Extraction Down 0.6%, Gas Output Up 3.1% in Russia from January to August

02.09.2008 (11:49)

Russia extracted 325.154 million tonnes of oil with gas condensate in January to August 2008, down 0.6% year-on-year, the Fuel and Energy Complex Central Dispatch Department has reported according to Interfax.

Natural gas extraction grew 3.1% in the first eight months of 2008, year-on-year, reaching 443.869 billion cubic meters.

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Gazprom, Ukraine to Continue Talks on 2009 Gas Supplies

18.11.2008 (10:54)

Russian energy giant Gazprom will hold on Tuesday a new round of talks with Ukraine on deliveries of natural gas to the former Soviet republic, a company spokesman said according to RIA Novosti.

Russia May Cut Oil Export Duty by 33% to $192 per Ton from December

17.11.2008 (10:42)

Russia could reduce oil export duty by 33% to $192.1 per ton from December 1, the Russian Finance Ministry said Saturday according to RIA Novosti.

Russian Crude Exports down 5.6% to 1.3 bln bbl in January-September

14.11.2008 (15:22)

Russia's crude exports declined 5.6% year-on-year to 182.1 million metric tons (1.3 billion barrels) in January-September, the Federal State Statistics Service said on Friday according to RIA Novosti.

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Norilsk Nickel Vows to Maintain Production

20.11.2008 (17:53)

Norilsk Nickel does not plan a cut in production, expecting its output in 2009 to remain unchanged from 2008, the company's General Director Vladimir Strzhalkovsky told a press conference today.

Severstal Gaining Control of High River Gold

20.11.2008 (17:40)

Severstal Resources, the upstream unit of steel major Severstal (RTS: CHMF), is increasing its stake in Canada's High River Gold (HRG) to 50.1%.

CAI's Alitalia Offer Approved

20.11.2008 (16:58)

The Italian government agreed to sell Alitalia's assets to CAI, a consortium of Italian investors, for US$1.3 million, turning the page on years of losses and political interference which led Alitalia to bankruptcy last summer.