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Big Oil cuts deals with Iraq

BAGHDAD, Oct. 21 (UPI) -- The government's gamble that the lure of Iraq's oil wealth will persuade major international oil companies to invest billions of dollars in upgrading the country's ramshackle energy on Baghdad's terms seems to be finally paying off.

LUKoil to transfer Venezuelan assets

MOSCOW, Sept. 21 (UPI) -- Russian oil producer LUKoil announced it might hand over its Venezuelan assets to a national consortium in exchange for its exploration outlay.

Chavez heads to Moscow for energy talks

MOSCOW, Sept. 9 (UPI) -- Oil, gas and military equipment are on the agenda for a Moscow visit by Venezuelan President Hugo Chavez, the Kremlin announced.

Georgian gunman kills 13 at Baku academy

BAKU, Azerbaijan, April 30 (UPI) -- A Georgian national killed at least 13 people Thursday at the State Oil Academy in Azerbaijan before taking his own life, officials said.

Lukoil eyes Iraqi markets

MOSCOW, April 13 (UPI) -- Russian oil giant Lukoil announced its intent to develop several oil and gas fields in Iraq, officials said.

LUKoil seeks $1.8 billion loan

MOSCOW, Nov. 7 (UPI) -- LUKoil, the largest oil firm in Russia, petitioned the Russian Development Bank for a $1.8 billion loan to refinance its foreign debts, officials said.

Lukoil, Putin press Iraq for oil deals

BAGHDAD, March 25 (UPI) -- Russian firm Lukoil is claiming partial victory in its struggle for a Saddam-era oil deal during a CEO visit to Iraq and lobbying by President Vladimir Putin.

Analysis: Russia eyes Caspian projects

WASHINGTON, Jan. 18 (UPI) -- Russia is now moving swiftly to develop projects in its own self-defined sector of the Caspian.

Lukoil and Gazprom Neft enter partnership

MOSCOW, Dec. 28 (UPI) -- Russia's Lukoil and Gazprom Neft have created a joint venture, the two energy giants said in a statement Friday.

UPI Energy Watch

Iran courts LUKoil; Russia to double gas supplies to Greece; Gazprom to consolidate positions in German gas-distributing market

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