Gazprom Threatens to Halt Fuel for Ukraine
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In this latest flare-up of a dispute over money and energy in Eastern Europe, Gazprom threatened to halt fuel supplies unless Ukraine settled a $1.5 billion debt.
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Oil group BP is close to giving up its stake in a vast Russian gas field to state monopoly Gazprom, potentially tightening the Kremlin&#39;s grip on its energy reserves, a report said Friday.
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Gazprom softens its stance on international involvement in exploiting the lucrative Shtokman gas field.
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Russian regulators want to block a $20bn oil and gas project led by Shell because of environmental concerns.
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Russia&#39;s oil giant Yukos requested to block the auctioning off of its main production unit Yuganskneftegaz in Moscow on Sunday.
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Gazpromâs oil arm Gazpromneft is set to take part in the auction for Yuganskneftegaz, Yukosâ main production unit, despite a ruling by a US bankruptcy court to halt the sale for 10 days.
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Russia&#39;s gas monopoly Gazprom is talking to Western banks to raise up to $10 billion to fund the purchase of the key oil unit of embattled oil major Yukos, industry sources said on Wednesday.
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Russia is vowing to proceed with an auction of oil giant Yukos' key production subsidiary, saying a U.S. court ban is irrelevant. But the expected winner of Sunday's auction, the state-run Russian gas company Gazprom, may not be able to pay after a consortium of Western banks reportedly put on hold billions of dollars in credit it needs to fund its bid.
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Russia&#39;s natural resources minister said Friday that he thought his ministry would give the main production unit of the battered Yukos oil company a three-month warning before pulling its drilling licenses, the Interfax news agency reported.
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The state oil company Zarubezhneft announced Wednesday it would most likely be folded into natural gas monopoly Gazprom, a move that lays the foundation for a state-controlled energy giant and increases foreign investors' access to its shares.
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The board of Russia&#39;s embattled oil giant Yukos will halt crude supplies to Baltic refinery Mazeikiu Nafta until the end of the year, the Interfax agency reported Monday - just hours after Yukos confirmed a similar move involving a Chinese company.
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Russia's Gazprom asks the government to cancel an agreement to pipe large quantities of gas to China.
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Yukos said its accounts had been seized by the state and that it could be forced to halt production in comments that stoked world oil prices and seemed to ring the death knell for Russia's troubled oil titan.
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The board of Russia's embattled oil giant Yukos will halt crude supplies to Baltic refinery Mazeikiu Nafta until the end of the year, the Interfax agency reported Monday &#151; just hours after Yukos confirmed a similar move involving a Chinese company.
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Russia's embattled Yukos oil giant raised the stakes in its bitter standoff with the Kremlin as the company slashed supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.
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The oil wing of Russia's state-controlled natural gas giant Gazprom does not intend to pull out of this weekend's auction of the main production unit of the embattled Yukos oil company, the ITAR-Tass news agency reported Friday.
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