Gazprom Deputy CEO: Deal with Algeria Not a Cartel

Source: www.gulfoilandgas.com 1/26/2007, Location: Africa

Gazprom OAO 's deal with Algerian gas major Sonatrach isn't an attempt to create a cartel, Gazprom's Deputy Chief Executive Alexander Medvedev said Thursday. European Union Energy Commissioner Andris Piebalgs on Thursday expressed concern that a close cooperation between Gazprom and state-owned Sonatrach could lead to Russian-Algerian gas cartel.

Medvedev said "such a statement has no ground. It is natural that gas producers... cooperate... in upstream and downstream" businesses. Medvedev was speaking in an interview broadcast by television CNBC from the sidelines of a conference in Davos, Switzerland.

Last weekend Russia's energy minister, Viktor Khristenko, said Gazprom and Sontrach had agreed to an exchange of natural gas assets, news agency RIA Novosti reported.

Algeria will take four deposits of natural gas in Russia, Russian Industry and Energy Minister said Sunday. Algeria is preparing the proposal for the assets it will give to Gazprom, he said.

Khristenko also said Russian and Algerian specialists will soon start working on nuclear energy cooperation between the two countries.

Medvedev also reiterated that the European Union can depend on Russia for reliable energy supplies in the future, despite recent curtailment of oil and gas supplies to Europe following a price spats with Ukraine and Belarus at the beginning of 2006 and 2007, respectively.


Nigeria >>  6/28/2022 - It has been announced by Maire Tecnimont S.p.A. that its subsidiaries Tecnimont and Stamicarbon have received a number of new contracts and order vari...
Morocco >>  6/20/2022 - Chariot (CHAR) is happy to announce that it has signed a front-end engineering and design ("FEED") agreement ("Agreement") for the Anchois gas develop...

Egypt >>  6/6/2022 - Eng. Yehia Zaki, chairman of SCZONE, received today a British delegation from the British International Investment to discuss investment opportunities...
Egypt >>  6/1/2022 - The General Authority for Suez Canal Economic Zone (SCZONE) signed a memorandum of understanding with H2-Industries Inc. to build a new Waste-to-Hydro...

Egypt >>  5/30/2022 - Engineer Tarek Al Mulla, Minister of Petroleum and Mineral Resources, stressed the importance of the reform measures taken by the Egyptian state and t...
Egypt >>  5/1/2022 - General Osama Rabie, president of the Suez Canal Authority, announced on Sunday that the channel's navigation statistics during April recorded new and...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.