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Archive for October 19th, 2006

Russia Rattles Asia With Attack on Shell’s Sakhalin-2

A 700,000-barrel oil tanker slipped away from the end of Russia's first export pipeline to the Pacific on Monday near Sakhalin Island, culminating a $17 billion project led by Exxon Mobil Corp. and local partner OAO Rosneft.
About 350 miles to the south, at the tip of the island, engineers for a $22 billion venture led [...]

Thursday, October 19th, 2006

Yuzhno-Sakhalinsk faces water and heating crisis

The Sakhalin Branch of Ministry of Emergencies and Disaster Management (M Ch S) announced that Yuzhno-Sakhalinsk will have to endure heating and water supply cuts till the end of November. The water levels at the city's reservoirs are apparently well below the average levels.
"Our main focus is maintaining stable heat supplies," said Alexander Polikarpov, head [...]

Thursday, October 19th, 2006

Environment watchdog seeks to annul Rosneft licenses on Sakhalin

Russia's environmental protection agency has submitted documents on revoking licenses held by the Sakhalin branch of state-controlled oil company Rosneft [to the mineral resources agency, the Natural Resources Ministry said Thursday.
The ministry said serious violations had been revealed during inspections of Sakhalinmorneftegaz's compliance with environmental protection legislation on the oil-rich island in Russia's Far East, [...]

Thursday, October 19th, 2006

ONGC sells Sokol crude at $5-plus premium

Oil and Natural Gas Corp. has sold a cargo of Sokol crude from Russia's Sakhalin-1 oilfield to U.S. major Exxon Mobil at a premium of more than $5 to Oman/Dubai qoutes, trading sources said on Thursday.
"Sokol crude will be shipped to a port in Japan," one said.
On October 13, ONGC floated its second tender to [...]

Thursday, October 19th, 2006

Russian senators to debate Shell deal on Friday

Russia's upper house of parliament will discuss the Royal Dutch Shell-led Sakhalin-2 oil and gas project on Friday and will call for government actions over the venture.
Sakhalin-2 has come under pressure over ecological and technical compliance from Russia's environmental agency. Analysts say this is part of a broader Kremlin strategy to gain control over the [...]

Thursday, October 19th, 2006

Russian power firms seek UK investment in $10bn floats

Russian power companies were in Britain yesterday trying to drum up support for the first in a $10bn (?5.4bn) series of flotations amid investor jitters about the Kremlin's interference in energy schemes such as Sakhalin-2.
Five regional electricity generators controlled by Unified Energy System (UES) hope to kickstart their privatisation programme next month with a listing [...]

Thursday, October 19th, 2006

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