Source Pravda.Ru

Gazprom to refinance $6bn debt before 2007

Gazprom will refinance its debt for up to $6bn before 2007, Gazprom deputyCEO Boris Yurlov announced at a meeting with representatives of the UnitedFinancial Group.The Gazprom official also reported that he and Economy Minister German Grefhad discussed the possibility of a significant increase in natural gasprices, i.e. not by 20 but by 50 percent. At present, the price for naturalgas is about $23-25 per 1,000 cubic meters on the domestic market..

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The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?