Kazakh national oil company KazMunaiGaz bought 75% stake in Romanian oil firm Rompetrol for $2.7bn but requires final approval from the European Union.
The deal will double KazMunaiGaz's refining capacity and give it a total of 630 gasoline...
Tag - Shell
The Russian oil giant Gazprom, discloses that company is near to increase its presence in Britain.
Gazprom didn’t reveal its partner’s name, but it is highly expecting that oil giant is in talk with British oil giant Centrica from long.
Russian regulators have held the much debated and criticized decision on BP license row for the Kovykta gas field in East Siberia.
Licensing agency, Rosnedra, is looking into case whether TNK-BP's operations should be stopped but seeks two weeks..
After falling to clear Russian regulators worries, western oil giant Shell has lost its license to drill oil in Russian oil field. US and its supportive European nation impeached Russia to use its oil reserve as an economic and political pressure...
The Bush administration has received a shock when Shell struck an important deal to help Iran for developing a major gas field. The US State Department has reportedly stated that the US authorities will take a look at the controversial agreement...
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