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2015-04-09 19:05:00

€ 75MLN FOR SOUTH STREAM

€ 75MLN  FOR  SOUTH  STREAM

Gazprom approved the deal to contribute additional capital in the amount of 75 million euro into the company South Stream Transport B.V.

The Board of Directors of "Gazprom" approved the deal to contribute additional capital in the amount of 75 million euro into the company South Stream Transport B.V.

South Stream Transport B.V. is the operator of the offshore pipeline "South Stream". Back in December 2014, Russia decided to stop the construction and instead decided to build a gas pipeline named "Turkish stream."

In December, Russia announced the rejection of the "South Stream", which was to pass under the Black Sea and through Bulgaria to deliver fuel to the Balkan Republics, Hungary, Austria and Italy. The project was abandoned due to various reasons including the counter-productive stance of the European Union towards Russia.

Instead, it was decided to build a pipeline to Turkey and to construct a gas hub for Southern European consumers on the border with Greece.

After that, "Gazprom" signed an agreement with Eni, Wintershall and EDF to buy back 50% of South Stream Transport BV. Gazprom reported that it had bought back its European partners share in the South Stream Transport for 56 billion rubles.

sputniknews.com

Tags: GAZPROM, SOUTH, STREAM, RUSSIA, GAS, PIPELINE,

Chronicle:

€ 75MLN  FOR  SOUTH  STREAM
November, 22, 11:05:00

NIGERIA & CHEVRON PROJECT &1.7 BLN

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

€ 75MLN  FOR  SOUTH  STREAM
November, 22, 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.

€ 75MLN  FOR  SOUTH  STREAM
November, 20, 09:35:00

OIL PRICE: ABOVE $62 YET

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.

€ 75MLN  FOR  SOUTH  STREAM
November, 20, 09:30:00

ROSNEFT'S WORLD RECORD: 15000 M

Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.

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