Plains All American Warns Of $160 Million in Losses

Article Abstract:

Houston, Texas-based Plains All American Pipeline LP has reported losses of $160 million due to trading miscalculations. Plains, which is an oil storage partnership, resulted in a default of debt agreements with the company's lenders.

United States, Plains All American Pipeline L.P., PAA

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Slovak pipeline operator posts profit increase

Article Abstract:

Transpetrol posted an increase in its 2001 first-half pretax profits to 239 million Slovak korunas (5.6 million euros). The company posted 80 million korunas during the same 2000 period.

Slovakia, Pipe lines, Pipelines, Transpetrol

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Russia considers Japan to fund new pipeline

Article Abstract:

Japan is offering to provide either part or full financing for a Russian oil pipeline in Siberia. The $5 billion project could provide up to one-fourths of Japan's oil requirements.

Japan, Strategy & planning, Financial management, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Goods & services distribution, Crude Petroleum & Natural Gas, Russia, Planning, Natural gas, Petroleum, Gas industry, Transportation, Siberia, Company business planning, Company financing

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