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Gazprom says EU, Ukraine must agree gas debt payment for talks to restart MOSCOW: Gazprom on Thursday said that the EU and Ukraine must agree a deal for Kiev to pay off its gas debts to Russia before talks on restarting deliveries to the strife-torn nation can restart."The European Commission must reach an agreement with Ukraine over the question of financing. Otherwise, negotiations make no sense," Gazprom spokesman Sergei Kuprianov told AFP.EU-brokered talks overnight in Brussels to solve the gas dispute between Russia and Ukraine, which threatens to hit parts of Europe this winter, broke up without agreement.Russian Energy Minister Alexander Novak had said earlier that negotiations "were not yet finished" and could resume Thursday evening after each side has had time to prepare the documents needed to sign, state news agency Ria Novosti reported. Moscow is demanding that the new pro-Western government in Kiev pay sharply higher prices in advance for new deliveries after it ran up what Moscow said was an ...

Technip sticks to goals for 2014 and 2015 PARIS: French oil services group Technip stuck to its revenue and operating margin targets for this year and next on Thursday, saying it was confident it could still win contracts despite the decline in oil prices.Quarterly group revenue rose 18 percent to 2.82 billion euros ($3.55 billion), Technip said in a statement. Operating profit rose 10 percent to 241.5 million euros, giving a margin of 8.5 percent. Net profit fell 12.3 percent at 131.6 million.Analysts ...
No Ukraine-Russia gas deal but talks to continue BRUSSELS: EU-brokered talks to solve a gas dispute between Russia and Ukraine, which threatens to hit parts of Europe this winter, broke up in Brussels without agreement but should resume later Thursday, sources said.The talks, which opened in Brussels on Wednesday, seek to resolve a dispute that has become increasingly fraught since Russia cut supplies to Ukraine in June.Moscow is demanding that the new pro-Western government in Kiev pay sharply higher prices in advance for ...
UK gas prices rise as lower Norwegian supplies leave system short LONDON: Prompt natural gas prices in Britain rose on Wednesday morning as lower supplies from Norway led to an undersupplied system.Prices for within-day delivery were trading at 53.70 pence per therm at 0854 GMT, up 1.10 pence since their last settlement. Prices for delivery on Thursday were up 0.2 pence at 52.75 pence per therm.With supply flows at about 181 million cubic metres (mcm) per day on Wednesday and demand expected to be about 219 ...
Oil rises to $87 ahead of Fed statement LONDON: Brent crude oil rose to $87 a barrel on Wednesday as traders anticipated that the Federal Reserve would keep U.S. interest rates low, putting pressure on the dollar.The Fed is widely expected to end its two-year-old bond-buying stimulus programme, but to reiterate a cautious stance on raising rates, when it issues a statement at 1800 GMT."We're likely to see a slightly weaker dollar today, if the Fed is as dovish as expected, and that ...
Oil rises above $86 ahead of Fed statement LONDON: Brent crude oil extended gains above $86 a barrel on Wednesday as traders anticipated the end of quantitative easing in the United Stated would squeeze the dollar.The Federal Reserve is widely expected to end its two-year-old bond-buying stimulus programme, and to keep interest rates low, in a statement due at 1800 GMT on Wednesday."We're likely to see a slightly weaker dollar today, if the Fed is as dovish as expected, and that will support ...
Statoil swings to surprise net loss on impairment charges OSLO: Norwegian energy firm Statoil reported an unexpected third-quarter net loss on Wednesday, weighed down by a string of impairment charges on projects from Canada to Angola, even as its underlying performance was in line with forecasts. Statoil earned a net loss of 4.8 billion crowns ($726 million) against a 13.7 billion crown profit a year ago and well below expectations for a 9.5 billion crown net profit. Still, the firm maintained its production and ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln