Energy

PKN Orlen ready to offer more shares to investors

-
Nafta Polska President Krzysztof Zyndul last week announced that Poland is likely to commence a process to sell an additional stake in its leading fuel maker, PKN Orlen, in 2005, once the company prepares...

Hungarians to be hit with 13% gas price hike

-
Hungarian oil and gas concern MOL announced on December 20 that the minister of economy and transport would increase the wholesale price of natural gas by an average of 13.1 percent from January 15,...

LUKoil runs out of luck for privatisation again

-
The Russian government’s decision to postpone until better times the placement of GDR on 5.9 percent of LUKoil shares was not unexpected by the investment community in the country. Interfax in a report stated...

Oil production shoots up in Russia

-
Oil production in Russia in January-July this year increased 8.5 percent (by 16.9 million tonnes) year-on-year to amount to 214.61 million tonnes. Production in July amounted to 32.35 million tonnes, which was 8.3 percent...

Russian oil exports sans CIS increase

-
Russian oil exports to outside the CIS in January-July 2002 amounted to 79.063 million tonnes, up 2 percent (by 1.565 million tonnes) from the same period last year. A total of 76.73 million tonnes...

Stroitransgaz to complete Blue Stream in September

-
Stroitransgaz (STG) plans to complete construction of the Russian section of the Blue Stream pipeline from Russia to Turkey in September this year. STG Vice President Alexander Vorobyov was quoted by Interfax as saying...