An international ruling redefines the boundaries of the disputed oil-rich Abyei region claimed both by north and south Sudan:
http://www.reuters.com/article/africaCrisis/idUS124832275358
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Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Thursday, 23 July 2009
Wednesday, 8 July 2009
PKN Orlen moves a step closer to feedstock independence
Good news for Poland's PKN Orlen this week. All oil producers in the country are reliant on Russian crude; a vestige of the Soviet era.
Now the country's oil group, Grupa Lotos, has signed a letter of intend with the State Oil Company of Azerbaijan (SOCAR) to co-operate on oil production.
A pipeline which currently runs from Odessa on Ukraine's Black Sea coast to Brody in southern Poland could be extended to Plock, where Orlen is based.
Poland's second-biggest oil concern Grupa Lotos signed a letter of intent with the State Oil Company of Azerbaijan (SOCAR) on cooperation concerning technical and economic analyses of potential business projects in Azerbaijan , Poland and other countries, Lotos announced.
According to gowarsaw.eu, "The companies will set up an experts group to probe into potential cooperation fields. Grupa Lotos is a key player on both wholesale and retail fuel markets in Poland and is carrying out upstream operations on the Baltic Sea through its subsidiary Petrobaltic; it also holds stakes in several oil concessions the Norwegian Continental Shelf."
Now the country's oil group, Grupa Lotos, has signed a letter of intend with the State Oil Company of Azerbaijan (SOCAR) to co-operate on oil production.
A pipeline which currently runs from Odessa on Ukraine's Black Sea coast to Brody in southern Poland could be extended to Plock, where Orlen is based.
Poland's second-biggest oil concern Grupa Lotos signed a letter of intent with the State Oil Company of Azerbaijan (SOCAR) on cooperation concerning technical and economic analyses of potential business projects in Azerbaijan , Poland and other countries, Lotos announced.
According to gowarsaw.eu, "The companies will set up an experts group to probe into potential cooperation fields. Grupa Lotos is a key player on both wholesale and retail fuel markets in Poland and is carrying out upstream operations on the Baltic Sea through its subsidiary Petrobaltic; it also holds stakes in several oil concessions the Norwegian Continental Shelf."
Monday, 22 June 2009
Russians beat Americans in European oil deal
Russian oil and chemical group Lukoil has stymied the US' largest oil processing group Valero's attempt to increase its presence in Europe, according to the Tehran Times, quoting Reuters.
Lukoil acquired a 45% stake in a Dutch refining venture Vlissingen refinery from France's Total for $725 m. It can process about 190,000 barrels a day. The purchase came about after Total exercised pre-emption rights over shares previously offered for sale by US group Dow Chemical to Valero.
This shows how keen the Russians still are to boost their European position. They have been trying to grow in chemicals here formany years, but lack of trust seems to have prevented any significant deals being doen, especially in central and eastern Europe.
Lukoil acquired a 45% stake in a Dutch refining venture Vlissingen refinery from France's Total for $725 m. It can process about 190,000 barrels a day. The purchase came about after Total exercised pre-emption rights over shares previously offered for sale by US group Dow Chemical to Valero.
This shows how keen the Russians still are to boost their European position. They have been trying to grow in chemicals here formany years, but lack of trust seems to have prevented any significant deals being doen, especially in central and eastern Europe.
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