A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Alexander Drozdenko, Governor of the Leningrad Region, took place in St. Petersburg today.

SOCAR Energy Holdings (SOCAR's Swiss subsidiary) is announcing its entry into the Austrian retail fuel market by taking over petrol station operator A1, as well as mineral oil trading company Pronto Oil.

Profit margins have taken over from cost cutting as the main focus for Australia's coal industry, as rising prices drive a shift from productivity improvements to longer term mine planning and asset renewal.