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Russia awaits Ukraine response to talks offer: Gazprom

PRAGUE (Reuters) – Negotiations over disputed gas contracts cannot resume because there has been no relevant response from the Ukrainian side, Gazprom’s export head Alexander Medvedev said in Prague on Saturday. Gazprom cut off gas supplies to Ukraine on January 1, and the impact has been felt in some European …

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Oil Minister: Iran to Base Budget on Oil Price of $37.50

TEHRAN (FNA)- Iran’s 2009/10 budget is expected to be based on an oil price of $37.50 per barrel, a “logical” level in view of last year’s price fall, Oil Minister Gholam Hossein Nozari said Sunday. An Iranian newspaper last month said the government and a parliament committee had an initial …

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