GAZPROM: ANOTHER ROUTES
Led by Alexey Miller, Chairman of the Company's Management Committee, Gazprom's delegation paid a working visit today to the Republic of Austria.
Vienna hosted a working meeting between Alexey Miller and Gerhard Roiss, Chief Executive Officer of OMV. The parties addressed the issues of Russian natural gas supply to Austria. Gazprom's activities as of a reliable supplier largely contributing to the Austrian and European energy security were highly appreciated. It was pointed out that the current geopolitical situation proved the relevancy of alternative Russian gas routes to European consumers.
As part of the visit, Alexey Miller met with Reinhold Mitterlehner, Austrian Federal Minister of Economy. The parties looked into the status of the Russian-Austrian interaction in the energy sector. It was noted that the years of mutually beneficial partnership played a special part in strengthening the economic ties between the two countries and that further cooperation in the gas sector had considerable development prospects.
Summing up the meetings, Alexey Miller said that in order to optimize the South Stream project and with the account of Gazprom's existing contract portfolio, we agreed to the proposal of the Austrian party to look into the possibility of constructing a gas pipeline section in Austria within the existing intergovernmental agreement, simultaneously with the Slovenian section.
|July, 16, 11:05:00|
|July, 16, 11:00:00|
|July, 16, 10:55:00|
|July, 16, 10:50:00|
|July, 16, 10:45:00|
|July, 16, 10:40:00|
AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.
REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.
IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.
IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.