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An offshore oil and gas production platform in the Niger deltaAn offshore oil and gas production platform in the Niger delta, Nigeria. World oil prices have extended gains, with New York crude above 60 dollars per barrel after news of a larger-than-expected fall in US gasoline stockpiles.
Mohammed al-Hamili United Arab Emirates, Energy Minister and President of the OPEC Conference, Mohammed al-Hamili arrives at a press conference during the Asian Energy Dialogue meeting in Bangkok. The Organisation of Petroleum Exporting Countries on Thursday tried to soften global concerns about decreasing oil supplies, saying it was committed to providing enough for world consumption.
Vladimir PutinRussian President Vladimir Putin waits for a meeting at his Novo-Ogaryovo residence, outside Moscow. The head of oil giant BP discussed the group's future operations in Russia with Putin Friday as BP joint venture TNK-BP said it would participate in a sale of assets of the stricken company Yukos.
The logo of the Russian oil giant YukosThe logo of the Russian oil giant YUKOS is seen in front of the Ostankino TV tower in the center of Moscow. Stakes in two banks owned by bankrupt Russian oil giant Yukos are to be auctioned off next month, the Interfax news agency reported on Saturday, citing the federal property fund.
ENOC signed an MoU with Emirates National Development Programme to collaborate on training and employment of nationals for positions at ENOC.
Gas burning from a purifier at a natural gas extraction site at Lunnan StationGas burning from a purifier at a natural gas extraction site at Lunnan Station, the starting point of China's West-East Gas Transportation Project in Lunnan, October 2006. Energy-hungry China has started drilling what it says will be Asia's deepest oil and gas well, in southwest Sichuan province, with a proposed depth of 8,875 metres (30,000 feet) -- more than the height of Mount Everest.
This is an additional discovery in an area where OMV has discovered two major gas fields before, Miano and Sawan, which were brought on stream in 2001 and 2003.
World oil prices struck the highest points so far in 2007, nearing 64 dollars a barrel in London on Monday as the market fretted over rising tensions in major crude producer Iran, traders said.
World oil prices Monday struck the highest points so far in 2007, reaching above 64 dollars a barrel in London, as the market fretted over rising tensions in major crude producer Iran, traders said.
GE’s new initiatives complement the company’s already strong involvement in the region in sectors as wide-ranging as infrastructure, aviation, oil and gas and healthcare.
The bankrupted Yukos empire built up by jailed oligarch Mikhail Khodorkovsky is to be dismantled in a series of auctions beginning Tuesday of assets valued at 22 billion dollars.