News 2008 May 22

Port Aktau to raise oil transshipment 20 million tonnes per year

Lundin Petroleum commences offshore drilling in the Caspian Sea

Ukraine offers Kazakhstan and Azerbaijan to participate in oil refinery

Oil soars to new record over $135

Head of security group of RosMorPort’s Taganrog branch dismissed upon prosecutor’s recommendation

German government plans to widen Kiel Canal

Shipping Corp. of India to borrow $1.3 billion to buy vessels

Rosneft, CNPC in final stage of talks on ESPO branch to China - Medvedev

Tanjung Langsat Port issues RM385m debt notes

TransContainer to offer 14%-19% in London SPO in 2009

China-Russia bilateral trade hits $48 bln in 2007

Russian oil and gas companies interested in Mediterranean area

Pella uses Cat marine engines for azimuth-driven tugs

APM Terminals doubles capacity at Nigerian Port of Apapa

Port of Salalah (Oman) to invest $112m for superstructure

Ban on oil product exports takes effect on June 1

International Energy Agency to substantially downgrade its outlook for global oil output

Kazakhstan lowers oil output forecast for 2008 by 3.4%

NWA's Asia/USEC service to resume weekly frequencies

Global TEU ranking: Singapore, Shanghai, Hong Kong

Sinotrans Logistics to build warehouse in Shanghai-Fengxian

Krasnoye Sormovo Shipyard launches third tanker project 19619 for Pamali Group

Foreign investment in Russia down 30% to $17 bln in Q1

Oil price up to $132.70 in London and to $133.17 in New York