Industry Developments

In the BMI Business Environment Ranking matrix, the Czech Republic receives a higher composite score of 34, which ranks the country fourth out of 12 states included in the CEE region.... 2006-10-26

With the revocation of the environmental permit for Anglo-Dutch major Royal Dutch Shell's Sakhalin-II project and the warning of the possible withdrawal of fifteen licences belonging... 2006-10-25

Russia and Ukraine have reached agreement over the price Ukraine will pay for its gas, which should avoid a repeat of last winter's disruption and ease European concerns about the... 2006-10-25

A fire at Lithuania's Mazeikiu Nafta refinery in mid-October will cut LNG output for up to nine months and has led to some doubts over the completion of its sale to Poland's PKN Orlen.... 2006-10-23

Russia's Ministry of Natural Resources has announced that it may withdraw up to 15 licences belonging to the country's biggest oil producer Lukoil. The ministry has said licences... 2006-10-16

MOL (Hungary) has agreed to buy out North-West Oil Group's (Russia) 50% stake in their joint venture (JV) to develop the 330 sq km Surgut-7 block in western Siberia. BMI considers... 2006-10-12

Russian natural gas monopoly Gazprom has rejected bids from five international oil companies (IOCs) hoping to join in developing the giant Shtokman natural gas field, and instead... 2006-10-10

Russia's biggest oil producer Lukoil is to invest US$100bn in the next ten years in an effort to increase output by 50%, to 3mn barrels a day (b/d), according to the company's president... 2006-10-09

Turkmenistan has agreed to support India's admission into the proposed Turkmenistan-Afghanistan-Pakistan (TAP) gas pipeline project. The agreement was made earlier this week at the... 2006-10-06

Production from Kazakhstan's giant Kashagan oil, gas and condensate field will be delayed until the end of 2009 owing to infrastructural problems, according to French major Total's... 2006-10-05