Energy Blast – June 22, 2009
Source: http://www.robertamsterdam.com/2009/06/energy_blast_-_june_22_2009.htmPosted on Monday, June 22nd, 2009 | In Market Commentary, Russia
Russia and the Netherlands have ’serious plans’ to increase their energy projects; Royal Dutch Shell is seeking involvement in the Yamal region. The oil giant has made a discovery of natural gas in the Norwegian Sea that could be the biggest in 12 years. Apparently oil firm Rosneft will not merge with Surgut. The company may enter into a joint project with Eni in Africa. Lukoil is set to buy a 45% stake in a Dutch refinery from Total, outfoxing US refiner Valero. Rosneft has significantly extended the powers of its board of directors and the government has voted Vladimir Bogdanov, head of rival oil company Surgutneftegaz, onto Rosneft’s board, indicating intentions of a possible merger? Apparently the EU is worried about the stability of Russian gas and may give Kiev a loan. Arctic countries claim that cooperation will be prioritized in the disputed region, but military activity is rumbling. Bulgaria reportedly has a ‘strong case‘ for receiving more compensation for closing two Soviet nuclear plants in 2006 to gain EU membership. Apparently Russian firms are using spies in the German energy sector to garner information about industry developments.
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Africa, Bulgaria, Commission of European Communities;, Energy Projects, Energy Sector, head, Kiev, Market Commentary, Natural Gas, Norwegian Sea, Oil, oil giant, rival oil, Rosneft, Russia, Russia, Surgutneftegaz;, The Netherlands, United States, Valero, Vladimir Bogdanov
 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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