Russian authorities plan to merge gas and oil producers
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Moscow - Russia plans to combine Gazprom, the world&#39;s biggest natural gas producer, with state-owned oil producer Rosneft, easing rules for trading Gazprom shares and creating a company that may dominate the country&#39;s energy industry.
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Royal Dutch/Shell will merge its Dutch and British holding companies, the oil giant said on Thursday, as it seeks to address the failings that led to a shock downgrade in proven oil reserves in January.
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Norway's Norsk Hydro and Statoil have agreed to merge the two groups' oil and gas activities to create a national champion, the companies said on Monday.Comment
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes.
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The group developing a big Kazakhstan field may be reaching an accord with the irate state.
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President Vladimir Putin backed a government proposal Tuesday to make the state oil company Rosneft a subsidiary of Gazprom &#151; a major step toward giving foreign investors access to the natural gas giant's coveted local shares.
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Total will develop one of the worldâs largest natural gas deposits offshore in the Arctic with Russiaâs gas giant Gazprom, despite the risk of nationalization.
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Russian gas giant Gazprom pushed ahead with plans to bid for the main production unit of embattled oil group Yukos, a takeover that would create a state-controlled oil and gas behemoth to rival Saudi Arabia's Aramco.
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Meeting with visiting Venezuelan President Hugo Chavez, Russian President Vladimir Putin Friday said &quot;Russia and Venezuela are large oil producers.
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The Italian energy group Eni is mulling joint investments of at least 10 billion dollars with Russian gas behemoth Gazprom in two large Russian energy projects, a company spokesman has said.
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The chairman of beleaguered Russian oil giant said the owners of the company could seek to resolve their conflict with the Kremlin by selling their stakes.
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NEW YORK, October 1 (Itar-Tass) - The Russian government and the US administration have approved the making of a strategic alliance by the Russian and American oil and gas companies, LUKOIL and ConocoPhillips, LUKOILâs president Vagit Alekperov said.
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Russia said Thursday that China Petroleum &amp; Chemical Corp., Asia&#39;s biggest oil refiner, may join Royal Dutch/Shell Group&#39;s Sakhalin-2 project in the Pacific and buy liquefied natural gas from the venture&#39;s offshore fields.
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Russia and Venezuela, two of the worldâs leading exporters of oil, pledged that they will work to stabilize the turbulent global market for crude The joint statement was released Friday in Moscow during Venezuelan president Hugo Chavez official state
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OAO Gazprom, the world&#39;s largest natural gas producer, will bid for OAO Yukos Oil Co.&#39;s biggest oil unit next month and may buy other Russian producers in an effort to create an oil business as big as Exxon Mobil Corp.
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Russia moved to bolster its role in the strategic energy sector as gas giant Gazprom said it would acquire state oil firm Rosneft, handing the government control of the world's largest gas producer.
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MOSCOW  - President Vladimir Putin backed a government proposal Tuesday to make the state oil company Rosneft a subsidiary of Gazprom - a major step toward giving foreign investors access to the natural gas giant's coveted local shares.