World news

Caspian CPC crude exports for July to rise

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Friday, 05 July 2013 10:52
The Caspian Pipeline Consortium, operator of the only oil-export link in Russia that has shared foreign ownership, will increase daily crude exports from the Black Sea in July to the highest in more than two years, a final loading program obtained by Bloomberg News showed.

Russia ratifies protocol to amend intergovernmental agr't with Kazakhstan on oil supply compensation

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Friday, 05 July 2013 10:38
The Federation Council has ratified the Protocol amending the intergovernmental agreement between Russia and Kazakhstan on trade and economic cooperation in supply of crude oil and petroleum products to the Republic of Kazakhstan as of December 9, 2010.

Why Are Pump Prices Falling as Oil Goes Up?

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Thursday, 04 July 2013 10:49
Gasoline prices have been falling across most of the U.S. for weeks and are now at their lowest level since January, according to data from the U.S. Energy Information Administration. That might seem like an oddity heading into Fourth of July weekend, when motorists hit the road, but over the last decade prices have been more likely to fall leading up to July 4.

New route for transportation of Caspian gas to Europe

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Monday, 01 July 2013 13:16
Trans Adriatic Pipeline (TAP) is selected by Consortium for development of Azerbaijani gas condensate fieldcalled "Shahdeniz" which is located in the Caspian Sea, as gas-transit route to European markets.

Shah Deniz shareholders decide on export route of Azerbaijani gas to Europe

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Friday, 28 June 2013 13:11
Consortium for the development of gas field in Azerbaijani sector of the Caspian Sea did not select Nabucco West pipeline as a route for transportation of its gas to Europe, the message of OMV company, which is a shareholder of Nabucco, said.

Rosneft in $270bn China oil supply deal

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Monday, 24 June 2013 11:59
Russian state oil company Rosneft has agreed to double its oil supplies to China, in a deal worth $270bn (£175bn) over 25 years. Under the terms of the deal, Rosneft will supply 300,000 barrels of oil a day to China starting in 2015.  

It is a further sign that Russia - the world's biggest oil producer - is focusing on Asia, not Europe, as its main business partner of the future.


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