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  • Russia's economy stalls

    A few months ago, Russia's economy seemed to be recovering from its problems in the late 1990's. High prices meant oil revenues were increasing, and the currency was strong. Now, the combination of the oil price collapse and the credit crunch has reversed the position. Yesterday , the central...
    Posted to ICIS Blogs (Weblog) by Anonymous on 11-12-2008
  • Gazprom challenges OPEC

    Alexei Miller, CEO of Gazprom, believes 'that OPEC doesn't have any real influence on the global oil market nowadays'. Interviewed by the Financial Times , he claimed that 'not a single decision has been passed of late that would really influence the global oil market'. And he repeated...
    Posted to ICIS Blogs (Weblog) by Anonymous on 06-29-2008
  • BASF – the oil and gas company

    BASF Chairman Jürgen Hambrecht sounded confident last week, following their annual results . 2007 sales were €58bn (up 10% on 2006), and income from operations was €7.3bn (up 8%). However, Q4 saw sales up just 1.6% at €14.7bn, and income actually down 3.4% at €1.6bn. The main culprit in Q4 was chemicals...
    Posted to ICIS Blogs (Weblog) by Anonymous on 02-24-2008
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