Industry Developments

State-owned companies Gazprom from Russia and South Korea's Kogas will sign a new gas pipeline deal on September 29, according to an unnamed Kremlin official quoted by Reuters.... 2008-09-29

US major Chevron has announced the completion of a major expansion project at the Tengiz field in Kazakhstan, which is set to boost crude oil production capacity to 540,000 barrels... 2008-09-26

Following Russia's agreement to double the capacity of the Caspian Pipeline Consortium (CPC) in May this year, BP has now said that it may sell its stake in the pipeline as it... 2008-09-23

Kazakhstan's energy minister, Sauat Mynbayev, has announced that state-controlled oil company KazMunaiGaz (KMG) will form a joint venture (JV) with Anglo-Dutch major Royal Dutch... 2008-09-22

The Russian government has announced plans to cut oil export duty from the planned US$485.5 per tonne, or about US$66.23 per barrel (bbl), to US$372 per tonne or around US$50.75/bbl... 2008-09-19

Russian oil export volumes via Poland and Ukraine are set to be slashed as part of a programme by Moscow to shift to exporting oil from Russian ports only. The move can be seen as... 2008-09-18

Russian state-owned Rosneft has announced that it has paid off the last remaining US$2.3bn out of a total US$22bn loan that it borrowed at the beginning of 2007 in order to acquire... 2008-09-18

Bulgaria will support a plan to link the gas pipeline networks of eight central and south-eastern European countries, according to a statement by the country's deputy economy and... 2008-09-17

Russian independent Volga Gas's Chief Executive Mikhail Ivanov has said that the company's development plans at the Vostochny Makarovskoye field are on schedule and funded despite... 2008-09-17

The US has agreed to fund a feasibility study for a new liquefied natural gas (LNG) import terminal in Lithuania. Under a deal signed between the two countries on September 15, the... 2008-09-16