In London, the October Brent Crude contract was down $2.05 on August 28 to $114.17 per barrel on the ICE Futures exchange. Light Sweet Crude for October delivery fell $2.56 to $115.59 on the New York Mercantile Exchange, Finmarket reports.
Posted by: Admin on Friday, August 29, 2008 - 08:07 AM
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Today, OAO LUKOIL President Vagit Alekperov and ConocoPhillips Chairman and CEO Jim Mulva participated in a special ceremony on the occasion of the startup of the Yuzhno Khylchuyu (YK) field located in the Nenets Autonomous District. One of the biggest fields in the north of the Timan Pechora oil and gas province, this field is developed by OOO Naryanmarneftegaz, a LUKOIL and ConocoPhillips Joint Venture (70% and 30%, respectively). The field was discovered in 1981. Oil quality there surpasses the Russian Urals export blend quality: its density is 35.5 API (Urals, 32.
Posted by: Admin on Thursday, August 28, 2008 - 05:13 PM
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The Board of directors of OJSC "Vanino sea trading port" (VSTP) made a decision to stop ahead of the schedule powers of the director general of the company Apollo Shengeliya. It is spoken about in the report of the port according to AK&M. The Board of directors accepted such decision under A.Shengeliya's application. Alfir Bogudinov is elected the new director general of the port. OJSC "Port Vanino" - the stevedore company in the Khabarovsk territory - renders cargo handling and accompanying forwarding services.
Posted by: Admin on Thursday, August 28, 2008 - 03:39 PM
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Dubai-based port operator DP World posted on Thursday a 123 percent increase in net profits in the first half of 2008, which hit 287 million dollars, despite a global economic slowdown.The world's fourth-largest container port operator said its revenues grew by 32 percent to 1,598 million dollars, compared to the corresponding period last year."The business has performed very well in the first half of 2008 despite a deteriorating global financial and economic background, and these uncertainties remain," DP World chief executive officer Mohammed Sharaf said in a statement.
Posted by: Admin on Thursday, August 28, 2008 - 02:36 PM
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Greece's Thessaloniki Port Authority (OLTH) said on Thursday that first-half net profit dropped 34 percent due to strike action which led to reduced revenues.Net profit at Greece's second-largest container port slipped to 4.3 million euros ($6.36 million) from 6.6 million in the same period last year, while sales fell 16 percent to 26.6 million euros, the company said in a statement.
Posted by: Admin on Thursday, August 28, 2008 - 02:34 PM
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