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Latest Petroleum transport Stories

2008-10-08 12:00:32

Text of report by corporate-owned Russian news agency Interfax Moscow, 8 October: Russia's decision on its involvement in the construction of the Nabucco gas pipeline will depend on the situation in the region, Russian First Deputy Foreign Minister Andrey Denisov has told Interfax. "The project is still on paper, and it is difficult to assess its viability. Russia's involvement in it will depend on economic conditions and stability in the region," he said in an interview with Interfax....

2008-09-27 09:00:25

In an interview with journalists, the head of the Kazakh national oil and gas company KazMunayGaz, Kairgeldy Kabyldin, talks about the strategy of developing oil export routes from Kazakhstan and Kazakhstan's participation in several international oil projects. He attempts to alleviate fears that the recent Russian-Georgian conflict will increase the risk of exporting oil via the Baku- Tbilisi-Ceyhan pipeline. He says Kazakhstan will not change plans for exporting oil via this pipeline and...

2008-09-05 21:00:19

MOSCOW. Sept 5 (Interfax) - Russia has reached an agreement with Oman on the purchase of the country's 7% stake in the Caspian Pipeline Consortium (CPC), Deputy Energy Minister Stanislav Svetlitsky told journalists on Friday. "We have accepted their offer for the whole 7%. We have submitted our offer to Oman," he said. At the same time, Kazakhstan is still interested in buying the stake, and for this reason no definitive decision has been made on who will buy it or how it will be...

2008-08-23 06:00:41

Text of report by Czech newspaper Mlada fronta Dnes on 13 August [Report by Jana Klimova: "Czech Republic threatened by further difficulties with oil supplies"] In August the Czech Republic is still encountering a fall in Russian oil supplies from the Druzhba oil pipeline, and now there is a danger that it is also going to have problems with oil flowing to the Czech Republic by the other pipeline, the IKL [Ingolstadt- Kralupy-Litvinov - pipeline connected to Transalpine pipeline (TAL)...

2008-08-20 09:01:22

The Czech Republic is facing decrease of oil supplies from Russia through the oil pipeline Druzhba in Aug 2008 as well as in Jul 2008. There is also a danger of problems with the other oil pipeline IKL leading from Germany to the Czech Republic. The oil pipeline IKL is used mainly for oil transport from Azerbaijan, the second largest oil supplier to the Czech Republic behind Russia. But the oil pipeline leading from Azerbaijan to Turkey was closed in Georgia in Aug 2008 due to a war conflict...

2008-08-15 06:00:35

By Jad Mouawad When the main pipeline that carries oil through Georgia was completed in 2005, it was hailed as a major success in the U.S. policy to diversify its energy supply. Not only did the pipeline transport oil produced in Central Asia, helping move the West off its dependence on the Middle East, but it also accomplished another American goal: It bypassed Russia. U.S. policy makers hoped that diverting oil around Russia would keep it from reasserting control over Central Asia and...

2008-08-02 03:00:28

By Dennison, Mike HELENA - A Canadian energy giant announced Wednesday it will build a nearly 300-mile stretch of oil pipeline across eastern Montana as part of a system to ship crude oil from Canada and other points to the Midwest and Texas. TransCanada, headquartered in Calgary; said construction of the underground pipeline is scheduled to begin in 2010, and that investment in the Montana segment will top $1 billion. Gov. Brian Schweitzer hailed the announcement as "great news," saying...

2008-07-18 09:01:06

Romania involved in developing pan-European oil pipeline BUCHAREST, July 17 (Xinhua) -- Romania, represented by Oil Terminal and Conpet, has signed the memorandum and articles for associating to the company that will develop the pan-European oil pipeline project (PEOP), said a news release sent to the Bucharest Stock Exchange on Thursday. The other shareholders of the inter-state company are JP Transnafta Pancevo of Serbia and Jadranski Naftovod of Croatia. Oil Terminal and Conpet...


Word of the Day
call-note
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'
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