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Archive for August 23rd, 2006

Exxon Seeks Growth in Russia, Appeals for More Access Worldwide

Exxon Mobil Corp. Chief Executive Officer Rex Tillerson wants to expand the company's oil business in Russia, the world's biggest crude producer and home of the largest natural-gas reserves on earth.
Russian authorities probably will soon finish an overhaul of regulations governing oil and gas production, opening the way for new investment, Tillerson told reporters today [...]

Wednesday, August 23rd, 2006

Refiners fail to benefit from new light oil

New gasoline-rich crude from Azerbaijan and Russia is blunting the impact of oil attacks in Nigeria this year but the relief will be shortlived as the world's available oil becomes ever more sulphurous. Refiners desperate for sweet crude should get another fillip from Russia later in the year. ExxonMobil's Sakhalin 1 project is expected to [...]

Wednesday, August 23rd, 2006

1,000 Rally Around the Tricolor on Flag Day

About 1,000 liberal-minded activists marched with a giant Russian flag near the White House on Tuesday, some to express mixed views about the country's course, others to stump for former Prime Minister Mikhail Kasyanov as the next president.
The march, organized by the Union of Right Forces, culminated commemorations for the 15th anniversary of the failed [...]

Wednesday, August 23rd, 2006

Exxon to start up Russian export facility in days

Exxon Mobil aims to start up exports at its 250,000 barrels per day (bpd) Sakhalin-1 project in Russia within days, the company's chief executive said on Tuesday.
"We will be commissioning our export facilities within a matter of days," Exxon Chief Executive Rex Tillerson told reporters at an industry event in Norway.
He said the field should [...]

Wednesday, August 23rd, 2006

Russia may detain crewmen ’til mid-Sept.

The detention of three Japanese fishermen seized by Russia last week may be extended until Sept. 15, Interfax news agency reported Tuesday.
The Kisshin Maru No. 31 and its crewmen were seized near Kaigarajima island on Wednesday last week and taken to Kunashiri Island after a Russian Coast Guard vessel fired at the boat, killing one [...]

Wednesday, August 23rd, 2006

Nippon Oil to tap Russian wells

Nippon Oil Corp. plans to start importing crude oil from Russia's Sakhalin Island as early as this autumn in a bid to diversify its energy supply sources, company sources said Tuesday.
According to the sources, the company plans to make a one-time purchase of about 500,000 barrels of crude oil produced under the Sakhalin I project, [...]

Wednesday, August 23rd, 2006

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