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PR Newswire GENEVA, Feb. 19, 2011 /PRNewswire/ -- Vitol today announced that, in partnership with Helios Investment Partners, it has agreed to purchase the majority of Shell's shareholding in most of their downstream businesses in Africa for a total consideration of some $1 billion. Under the agreements, two new joint venture companies will assure continued availability of Shell fuels and lubricants in 14 African countries under the Shell brand.
Oil news | Views: 896 | Added by: iks | Date: 20.02.2011 | Comments (0)


Scepticism over G20 pledge of new era

By Krishna Guha, Edward Luce, Chris Giles and Gideon Rachman in Pittsburgh
Published: September 25 2009 06:24 | Last updated: September 26 2009 00:51
Top news | Views: 847 | Added by: iks | Date: 26.09.2009 | Comments (0)

Opec’s caution drives US crude below $70

By Chris Flood

Published: August 11 2009 11:49 | Last updated: August 11 2009 23:28

US crude oil retreated below the $70-a-barrel mark on Tuesday following cautious comments from Opec, the oil producers’ group, which warned that sustaining prices at current levels would depend on “clearer signs of improvement in the global economy”.

Nymex September West Texas Intermediate fell $1.15 to $69.45 a barrel and ICE September Brent lost $1.04 to $72.46 a barrel.

Top news | Views: 994 | Added by: iks | Date: 30.08.2009 | Comments (0)



«Our relations are based on a very powerful foundation».
Oil news | Views: 909 | Added by: iks | Date: 06.04.2009 | Comments (1)



Rosneft (the “Company”) today reported its consolidated financial results under US GAAP for Q4 and 12M 2008. (Source: www.rosneft.com)
Oil news | Views: 1002 | Added by: iks | Date: 19.03.2009 | Comments (0)




IKS, LLC (USA) is opening own representative in Russsia, Moscow.
Top news | Views: 1351 | Added by: iks | Date: 01.02.2009