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FSU Energy back issues
Refiners snap up Urals.(petroleum)
July 29, 2005... Strong demand from European refiners pulled Urals discounts to unusual highs against the benchmark last week. Baltic-loading cargoes were changing hands at discounts of $2.20/bl to dated BFO or narrower--their strongest level in a year. In the Mediterranean, discounts narrowed to...
Sibneft moves towards sale.(News)
July 29, 2005... Sibneft has moved a step closer to paying its $2.29bn dividend, which is seen as a prelude to core shareholder Roman Abramovich selling up to Gazprom. The Sibneft board of directors has set 27 July as the deadline for shareholder registration. The directors will seek shareholder...
First Gazprom payment deadline met.(News)
July 29, 2005... Gazprom has received the first payment under the complex scheme devised to finance the state's recovery of majority control over the gas giant. Rosneftegaz, the holding company that now owns Rosneft, transferred the first payment tranche of $565.3mn the day before the 23 July deadline,...
Crisis management: Shell's Sakhalin II problems are hardly a surprise. But they will be seized on by the major's Russian critics.(Editorial)
July 29, 2005... It was clear long before this month's announcement of a major cost overrun and delay in starting liquefied natural gas (LNG) exports that the Shell-led Sakhalin II project had run into trouble. Shell had already admitted that the cost of phase two of Sakhalin II development was set to...
Total hopes for new start: the French firm hopes to get back on track at Kharyaga after settling a long-running tax problem.
July 29, 2005... France's Total says it has settled its tax dispute with the Russian authorities over the Kharyaga field in Timan-Pechora and is ready to press ahead with expanding output. The company's vice-president for Russia, Roger Poirier, tells Argus that the major reached an "amicable agreement...