
MOSCOW - Rosneft is the leader of Russia’s petroleum industry, and ranks among the world’s top publicly traded oil and gas companies. The Russian oil major has signed a contract to supply gas to Russia’s electricity provider INTER RAO from 2016. Reports estimate the price of the deal at about $80.6bn. Under the contract, the supply of up [...]

According too the Guardian, Shell is looking to improve its position in the east African gas reserve market with a £1.1bn bid for Cove Energy. Shell will increase spending on oil and gas exploration this year by 35% to $5bn and is seeking to reduce its dependence on oil in favour of gas and east Africa has [...]
Apr 25 2012 | Posted in
Energy,
Gasoline,
Oil |
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MOSCOW – Russian retail petrol prices will remain in focus with administrative pressure to keep prices low in the lead up to Duma and Presidential elections possibly leading to supply shortages according to market players. Rosneft president, Eduard Khudainatov, has responded to a recent Federal Anti-Monopoly Service proposal on further fuel price reductions with a [...]
Jul 22 2011 | Posted in
Energy,
Gasoline |
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ATLANTA – Metro Atlanta is home to above-average unemployment and foreclosures. Now, you can add another unwanted distinction to the list — we’re the nation’s third-worst area for gas guzzling at a time of high pump prices, Forbes reports. The average Atlanta household drives 21,300 miles a year, using 1050 gallons of gas, Forbes writes. At [...]
May 25 2011 | Posted in
Gasoline |
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MOSCOW – With the 2011 surge in energy prices underlining the sector’s importance to the Russian economy Business RT spoke with Aton Chief strategist, Peter Westin about factors at play for the Russian energy sector, and it’s influence on the Russian economy. RT: High oil prices have helped the Russian budget, but is the country [...]
May 24 2011 | Posted in
Gasoline,
Oil |
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KENYA – With the oil shortages of two weeks ago fresh in the public minds, National Oil Corporation of Kenya (Nock) has started an ambitious expansion of its petrol stations to boost its market share. Under the Kanga project, the government-owned oil company expects to open 22 new mini fuel stations across the country by [...]
May 15 2011 | Posted in
Gasoline |
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