THE LONDON TIMES: Need to Know: “Sweden’s Market Court has more than doubled the fines issued to five oil companies, including Royal Dutch/Shell, to 112 million Swedish crowns (£8.5 million) for taking part in a 1999 price-fixing cartel.” (ShellNews.net) 23 Feb 05

February 23, 2005

Sector up 0.2% 

Qatar and ExxonMobil plan to double the capacity of their liquefied natural gas import terminal in South Wales by 2008.

The head of Yuganskneftegaz, former main asset of Yukos, the oil giant, is to be vice-president of exploration and production at Rosneft, the Russian company that bought it.

The board of Gazprom, the Russian gas monopoly, has approved the placement of a eurobond of either $1 billion (£528 million) or €1 billion (£689 million) and maturity of at least three years.

Sweden’s Market Court has more than doubled the fines issued to five oil companies, including Royal Dutch/Shell, to 112 million Swedish crowns (£8.5 million) for taking part in a 1999 price-fixing cartel.