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Archive for November 24th, 2006

BP CEO meets potential buyers of Russian stake in TNK-BP

John Browne, British Petroleum's CEO, yesterday met two potential buyers of the Russian stake in the TNK-BP joint venture - Gazprom CEO Alexei Miller and Rosneft President Sergei Bogdanchikov.
Browne and Miller discussed "joint projects and interaction on trade in liquefied natural gas and agreed to meet again in the first quarter of 2007," a Gazprom [...]

Friday, November 24th, 2006

Sakhalin Energy to spend US$400 million in Sakhalin’s infrastructure modernization

From the commencement of 'Sakhalin-2' Project the rate of unemployment in the Sakhalin region decreased to 1%.
By the end of 2005, 17,000 people, 70% of which are Russian citizens have been involved in the work on the project.
Since the startup of the full-scale production 'Sakhalin Energy' (operator of Sakhalin-2 Project) and contractors will be providing [...]

Friday, November 24th, 2006

Browne Says Majors Will Not Control Resources

BP chief John Browne said Thursday that international oil companies should not expect to control Russia's natural resources.
"We have learnt about the importance of oil and gas for national security," Browne said Thursday at the EU-Russia Industrialists' Round Table in Helsinki. Russian assets "will remain predominantly Russian assets."
British Petroleum's TNK-BP venture, the second-largest privately owned [...]

Friday, November 24th, 2006

Oil wars on Russia’s island frontier

A few hundred metres from Royal Dutch Shell's ultra-modern liquefied natural gas plant on Sakhalin, a cemetery of rusting ships testifies to the Russian island's enduring contradictions. So does the sign on a drab apartment block opposite the new headquarters for its venture there: it warns against parking below for fear of falling masonry from [...]

Friday, November 24th, 2006

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