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Archive for September 17th, 2006

ONGC’s first parcel from Sakhalin to arrive in November

It seems that Oil and Natural Gas Corporation (ONGC) Ltd's largest overseas investment in oil exploration at Sakhalin in Russia is bearing fruit.
ONGC is planning to bring the first parcel of crude from Sakhalin to India in the second week of November.

Addressing presspersons here after attending the 18th annual general meeting of Mangalore Refinery and [...]

Sunday, September 17th, 2006

Oil majors fear Russia wants to rewrite deals

Russia's natural resources ministry is stepping up pressure on foreign oil companies as the state tightens its grip on the country's energy industry, The Sunday Telegraph newspaper reports.

Sunday, September 17th, 2006

Putin: Russia to drastically raise oil exports to Asia-Pacific

President Vladimir Putin said Sunday that Russian oil supplies to the Asia-Pacific region would account for at least 30% of overall exports in 10 years' time.

Meeting with the parliamentary speakers of the Group of Eight industrialized nations in the Black Sea resort, Putin said: "We expect to raise Russia's share in oil supplies to the [...]

Sunday, September 17th, 2006

Sakhalin-2 Permit May Be Pulled This Week

A key environmental permit for a $20 billion oil and gas project led by Royal Dutch Shell PLC (RDSA.LN) may be canceled as early as this week, a Russian official said Saturday after the General Prosecutor's Office issued a statement calling the document at odds with Russian law.
Withdrawing the permit would halt work on Phase-2 [...]

Sunday, September 17th, 2006

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