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Archive for December, 2007

FESCO Ice-Breakers Arrive in De-Kastri

The ice-breakers Admiral Makarov and Krasin left the port of Vladivostok and laid a course for the oil terminal of De-Kastri in the Khabarovsk Territory. As the FESCO reports, this was the beginning of the winter season of marine oil shipment of the Sakhalin I project in the Tatar Strait for the second year in [...]

Friday, December 28th, 2007

Tidal wave may hit Russia’s Far East

On December 26, 2004, an undersea earthquake with an epicenter off the west coast of Sumatra, Indonesia, triggered a series of tidal waves in the Indian Ocean.
With a power of 100 Hiroshima bombs, it killed more than 225,000 people in 11 countries, including Indonesia, India, Sri Lanka and Thailand, as well as tourists from [...]

Thursday, December 27th, 2007

Gazprom against sharing Russian resources with foreigners

Russia’s Gazprom opposes foreign participation in the country’s oil and gas projects, according to a senior official of the gas giant. But additional pressure on foreign energy companies working in Russia could prove detrimental for the country’s investment climate.
Aleksandr Ananenkov is Deputy Chairman of the management committee.
“A handover of control over the [...]

Wednesday, December 26th, 2007

Russia may tighten equity deals with large fields

Russia's Resources Ministry will propose easing access to state auctions of large oil, gas or metal deposits by foreign companies but will tighten control over large equity deals, minister Yuri Trutnev said on Monday.
Analysts said the measure if approved would bring clarity to rules by which the Kremlin will treat foreign investors who have [...]

Tuesday, December 25th, 2007

Russian gas exports to Asia-Pacific region could top 50 bln cu m

Gas exports from Russia's Siberian and Far Eastern regions to Asia and Pacific countries could eventually top 50 billion cubic meters, a Gazprom official said on Monday.
"The issue is being discussed of the supply of natural gas along an eastern route to China. Gas in this direction will go from the Chayanda gas field [...]

Monday, December 24th, 2007

Russia cuts funds for Exxon China pipeline study

Russia will allow oil major Exxon Mobil to spend $1.26 billion on Sakhalin-1 project in 2008, $576 million less than it had asked, as it found that studies of a pipeline to China are unnecessary.
The energy ministry said in a statement on Friday it had cut Sakhalin-1's $1.84 billion plan request in a move [...]

Friday, December 21st, 2007

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