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Archive for January 26th, 2007

Gazprom to ensure stable gas supply from Sakhalin-2 to Japan

Chairman of the board of directors of Russia's natural gas monopoly Gazprom Alexei Miller has promised that the company will stick to stability of supplies to Japan of liquefied natural gas produced within the framework of the Sakhalin-2 project, Japanese Economy, Trade and Industry Minister Akira Amari told journalists on Friday providing information on the [...]

Friday, January 26th, 2007

Dalsvyaz closes the acquisition of 51% shares of Sakhatelecom

Dalsvyaz OJSC closed the acquisition of 51% shares of Sakhatelecom OJSC, the company says.
December 7, 2006, Dalsvyaz won the auction for the right to acquire 51% shares of Sakhatelecom for RUB 2.295 bn. The auction was held in accordance with the resolution on terms of the privatization of Sakhatelecom shares taken by the Ministry of [...]

Friday, January 26th, 2007

Putin backs Sakhalin-III deal

In a major boost to India's efforts on energy security, President Putin has assured his support for ONGC Videsh Ltd (OVL) taking 20 per cent stake in the Sakhalin-III project in Russia.
India has already invested $2.7 billion in the Sakhalin I oil fields to take 20 per cent stake in the project. India will get [...]

Friday, January 26th, 2007

Shell CEO plays down impact of private Sakhalin deal

Royal Dutch Shell PLC Chief Executive Jeroen van der Veer said Thursday that a confidential deal struck between shareholders in the troubled and expensive Sakhalin-2 oil and gas project and the Russian government may not impact the company's bottom line as much as some think.
Speaking on the sidelines of the World Economic Forum here, Van [...]

Friday, January 26th, 2007

Indian oil companies may get stake in Sakhalin-III

India and Russia are set to script a new energy chapter. The oil companies of the two fast-growing countries are working on a strategy that would give Indian companies a bigger stake in Russia's vast oil reserves while their Russian counterparts get into the downstream refining and retailing segment in India.
And, if initial indications are [...]

Friday, January 26th, 2007

ONGC signs pact with Rosneft

Oil & Natural Gas Corp, India's largest explorer, and OAO Rosneft, Russia's state oil company, on Thursday signed an agreement to jointly bid for exploration and refining projects.
ONGC Chairman and Managing Director R S Sharma and Rosneft president Sergey Bogdanchikov signed a Memorandum of Understanding to jointly study and bid for oil and gas exploration [...]

Friday, January 26th, 2007

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