Energy Blast – Nov 5, 2009
Robert Amsterdam (November 5th, 2009) Writes:
Naftogaz Ukrainy has apparently released a statement admitting that a 'dire economic situation' means that the company is struggling to pay its October gas bill. The Moscow Times reports however that Ukrainian Energy Minister Yury Prodan has assured Russia that it will pay its $470 million bill on time - although there are hints that it will have to borrow the money - possibly from Moscow. According to Reuters, the new gas deal between Polish and Russian companies will be approved within weeks. Total and Statoil have both recorded a steep decline in third-quarter profits. Lukoil will expand its trading business in the Asian zone, especially in naphtha and fuel oil, in the first six months of 2010. A factbox on the buying and selling of European refineries here. Gazprom has apparently made a ...
Tags for this Post:
energy hegemony, Energy Minister, fuel oil, gas deal, Gazprom, Investing Lessons, Moscow, Reuters, Russia, Russia, Statoil, The Moscow Times, Ukraine, USD, Venezuela, Yury Prodan
energy hegemony, Energy Minister, fuel oil, gas deal, Gazprom, Investing Lessons, Moscow, Reuters, Russia, Russia, Statoil, The Moscow Times, Ukraine, USD, Venezuela, Yury Prodan


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