A Barrel Full

The Russians are now trying to buy up all of Azerbaijan’s natural gas.
State-controlled Gazprom and Azerbaijan’s national energy company Socar signed a memorandum of understanding on gas sales from 2010 
If Gazprom buys all of Socar’s gas, then there will be a lack of gas to fill the Nabucco pipeline. This project is important to reduce […]

An interesting end to the story of OMV and MOL.
OMV spent much of last year, trying to buy its central European Rival MOL. In the end, despite the Hungarian government indulging in some very non community friendly actions, the EU decided that it was a deal that would damage competition, therefore effectively siding with the Hungarian government.
Meanwhile, OMV had […]