Industry Developments

Russia's state market regulator, the Federal Financial Markets Service (FFMS), has published new rules limiting the sale of shares in strategic and mineral resources companies on... 2008-07-10

Italian major Eni has signed agreements with Russian power producer TGK-9 to sell it 350mn cubic metres (Mcm) of natural gas by 2010.

In its latest move to fend off unwelcome advances from Austrian suitor OMV, Hungarian group MOL has said it is holding advanced stage talks with Croatia's INA over a share swap... 2008-07-08

Madrid-based major RepsolYPF is reportedly in talks with Russian oil company Rosneft about acquiring a 25% stake in the Sakhalin-III oil and gas project.

The head of Ukraine's state-run energy firm Naftogaz Ukrainy has said the company should form a joint venture (JV) with Russian state-owned Gazprom to explore for oil and gas on... 2008-07-07

The deputy general director of Russia's Gazprom Neft, Boris Zilbermints, has said that his company is looking to acquire shares in Kazakhstan's MangistauMunaiGaz (MMG) alongside... 2008-07-04

Russia's state-controlled Gazprom may build a pipeline to supply gas to Abkhazia, a breakaway region within neighbouring Georgia, according to Reuters.

Inflation continues to hover around decade highs in Hong Kong, as surging housing rents and food prices push consumer price growth ever higher. Headline CPI inflation accelerated... 2008-06-24

The prospects are looking brighter for UK-based explorer Regal Petroleum, which has substantially reduced its losses in 2007 thanks to increased gas sales from its Ukrainian fields... 2008-06-24

A consortium led by Hungarian integrated oil company MOL has announced the discovered of an oil and gas field in the Federovskoye Block in north-western Kazakhstan.