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Archive for October 18th, 2006

“Wag the Dog” in Russian

Ecological violations are the new weapons being used by the Putin regime against Russia's oil and gas industry. In October, Oleg Mitvol, deputy head of Rosprirodnadzor (Service for Supervision of Natural Resource Usage), flew to Sakhalin to investigate alleged ecological damage at the Sakhalin-2 project. Rumors quickly began to surface that Mitvol was claiming that [...]

Wednesday, October 18th, 2006

Russia environment watchdog adds Gazprom to targets

Russia's environmental agency has added gas monopoly Gazprom's oil unit to the list of companies to be checked for ecological and technical compliance, the watchdog said on Wednesday.
The agency and its parent, the ministry of natural resources, have said no big oil firm in Russia will be spared from inspections, a move analysts said may [...]

Wednesday, October 18th, 2006

Russia Will Not Revise Existing Production Sharing Agreements

Russia will not revise three production-sharing agreements it signed with foreign energy giants Total SA, ExxonMobil Corp and Royal Dutch Shell, the country's energy minister said, attempting to reassure rattled investors.
"We approach these agreements as the existing obligations of Russia and the existing obligations of investors," said Energy and Industry Minister Viktor Khristenko.
"The idea that [...]

Wednesday, October 18th, 2006

S. Korea to Pay for Pipeline to China

It appears Gazprom has found the method to fulfill Putin's order and implement the large-scale project of gas deliveries to China. Even though China is in no mood to yield to high gas prices, Gazprom will be able to offset the costs thanks to the intergovernmental agreement with South Korea that specifies gas deliveries there.The [...]

Wednesday, October 18th, 2006

Russian police seize documents from environment watchdog

Police are seizing documents from Russia's Service for the Oversight of Natural Resources as part of an ongoing investigation that has nothing to do with the environmental watchdog, the Interior Ministry said Wednesday.
"This is part of a criminal case against a group of persons who attempted to [illegally] acquire a stake in Gazprombank-Investa and in [...]

Wednesday, October 18th, 2006

Sakhalin I project starts crude oil shipment to Japan

The Sakhalin I international natural resource development project has started crude oil shipments to Japan, informed sources said Tuesday.
According to the sources, a tanker carrying about 100,000 tons, or 740,000 barrels, of crude oil produced by the oil and natural gas development project left the DeKastri export terminal at Russia''s Khabarovsk on Monday. The tanker [...]

Wednesday, October 18th, 2006

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