One is a bit short of cash right now.

One is a bit short of cash right now. Interaction with others today was very much in focus. “New businesses”, “new customers”, and theirs “new products” were like a plaque. Every fucking member of nation of the shit from camel turned around fight to grab my attention all day long. I can give you enthusiasm but I don’t have any shrike of compassion with you, those who slow my pace down. Because the tourists screwed in Yemen wasn’t first time thing. Since the “English Patient” – you expect from me only burned to the bone corpse. The more I try to co-operate in your understanding of the processes of the situation – more you “die rat!” The two cars to teach Willy and Harry how to fly the helicopter mean the 75 000 “carts de conduit” cheated by the ongoing piggy faces from Brussels and Strasburg of unlimited almohads who in this way give to the “English Patient” political Manifesto called “You never screw our mother again”. However will be reason, to more further, the Andrew inside of Nissan jeep with her whore run from me like the devil from cross. Same is with you when I buy more lately a lottery ticket. Such big quantity of Barons, Ducks, and Lords around me during this amazing transaction that I begin to think to don’t offer them back beating in my head until four o’clock at the morning. More yet, when Prince Charles the II in smelly clothes make thousands rounds around me. Of course you can only be under the influence to consider me spontaneous and agreeable. Thus far when I receive e-mail offering me invalid chare (I.e. for disabled person) with smart “muter” on it, and than, after EU lottery business deal see her (smart synthesis of her face and old whore from Parliament) вылупившая her eyes in my arm. Sure enough, preying to I break my arm. I clearly see how she can be someone from my immediate circle, but you know; it can be more potent in this “completely impartial times”. When at the “Magic Johnson” from clean 5 off-shores, that cocaine of Letizia and pederasts from Baltic Countries resolve to do this kind of “key” with me many years ago, before the “English Patient” but with clear sponsorship from European Central Bank. Seeing the cocaine neighbor (i.e. live interruptedly for last fifteen years in my building), twenty years older and in muslim clothes - I sincerely want to shoot: HALT! Again, English speaking World and cocaine Royal Family of Lancaster’s make only possible for me ROYAL EXCHANGE. Her, with her daughter nonchalantly passing me through! Not yet Hände hoch! for you ongoing piggy faces from Brussels and Strasburg? With this long journey of ‘Vingt mille lieues sous les mers’ I can and going to unearth some beautiful and inexpensive items at my “antique shop” for yet many, many complete Total’s. With Total Quality Control (you know what I’m singing) or without. With my genetical axe wonderfully soothing, I feel more connected to my ancient past than never before, it’s like showing my “Old belly” in prominent place and on the regular basis. Saving this “treasure” will be a waste. For Italy or Sicily, for Shell or Pall-Mall. For Eni-Gazprom or BIKO Holding and котом. Any way Butin and Abbey like the Murdoch for Cartel Kali. Good rime – none profit.

It's never easy giving out an advice, whether it's asked for or unsolicited. Either way, chances are good that they won't actually take it, even after you've spent at least an hour reciting your best sales pitches. For example: From where I know that Gazprom lost Las Americas? Or why the pass couple days and from $150 billion stolen by incredible crock “Mad off” – we’ll get only “a couple dozens billion”. Incredible how the Co likes to do proceedings… Mean, they'll listen, then they'll frown, shake their head and recite a long, drawn-out list of reasons why they can't possibly understood what you're suggesting. Like this is possible to don’t see how the poor become poorer and the enormous thief have more respect and power. Not obvious that I’m talking here about “Zé лая” (i.e. Honduras’ Zelaya) and “Put in” or Barroso, or “medvedev”? Every now and then, however, you get lucky. And resolve to give them at least five minutes before (sadly) you decide to quit and use offered by them Ford auto-caravan to make like “the future of our civilization do”; the normal family holidays.

One is a bit short of cash right now THE QUEEN is running out of money and may soon be asking for more cash from the Civil List. Accounts published yesterday showed the Monarch had to take almost half the cost of running the royal household out of reserves. It cost each taxpayer 69p last year to fund the royal family – up 3p – but she had to take £6million from the offers, adding to £7.9million from the government. If she continues drawing from her reserves at the current rate, she will run out by 2012 – the year of her Diamond Jubilee. The news prompted speculation the Queen would ask the government to increase the Civil List when the deal runs out next year. The total cost of running the royal family rose by £1.5million to £41.5million. That excluded the cost of round-the-clock security for the royals and ceremonial duties performed by the Armed Forces. The amount spent on royal travel – which comes from the taxpayer through grants-in-aid – increased by £300,000 to £6.5million. The most expensive journeys were the Prince of Wales and the Duchess of Cornwall’s long-haul overseas tours, details of which emerged last week. The present Civil List, agreed in 1990, has not risen in nearly 20 years. It was frozen in a deal with the treasury in 2000. But the £7.9million given by the government does not even cover the £9.9million needed for salaries. On top of that, royal garden parties cost £600,000 a year, while catering

is another £500,000.

From: CV-library.co.uk (100e575b92a3f704aa7f5c421825432875@cv-library.co.uk)

Sent: 30 June 2009 03:42:09. To: glugovskyviktor@hotmail.com

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Railway gas explosion kills at least 13, wounds dozens Two rail wagons filled with gas exploded at the station in the Tuscan seaside city of Viareggio, killing 13 people and wounding dozens, local officials say. AFP - Two rail tankers filled with gas exploded in a fireball after a derailment in the northern Italian city of Viareggio, engulfing nearby homes and killing at least 13 people, firefighters said Tuesday. Fifty people were also injured in the accident, 35 of them described as serious or critical, many with burns to much of their bodies, according to the firefighters' coordination centre in Rome. The explosion happened just before midnight when one wagon in a 14-wagon train transporting liquefied petroleum gas (LPG) came off the rails in the coastal city of 50,000 residents 20 kilometres (12 miles) northwest of Pisa. "The cars flipped over on their sides on the rails and the gas spread out among the nearest houses before exploding," said Antonio Gambardella, commander of the firefighters at the scene.
Small homes line the railway line, and dozens were damaged within a radius of 300 metres (yards) from the train. Two small buildings collapsed from the force of the explosion "and we fear there could be several more people under the rubble," Gambardella told AFP by telephone. He said an eight-year-old boy had been pulled out alive around 0130 GMT. Areas near the station were evacuated in case of further explosions. "I heard the explosion and I went out into the street to find myself faced with flames and a motionless charred body lying on the ground," a witness told the Italian news agency ANSA. "It was a terrifying scene which I'll never be able to forget," added the witness, who works at a nearby pharmaceutical company. Gambardella said 300 firefighters from neighboring regions had been mobilized.
"One of the tasks of the firefighters and notably the specialised chemical accident units is to try to make sure the rest of the tankers don't catch fire and explode," he added. The train was travelling toward Pisa.
Liquefied petroleum gas is a mixture of propane and butane that is used for cooking or as fuel for specially-adapted cars. It is also used in refrigeration.

Bodies 'found' from crashed Yemeni airliner Search teams have spotted wreckage and bodies from the crashed Yemeni jet bound for the Indian Ocean archipelago of Comoros, local officials say. Sixty-six French nationals were reportedly among the 153 people on board the Airbus A310. Paris airport emergency number for families of passengers: +33.(0)1.48.64.59.59. Yemenia Airways's call centre in Sanaa: +967.1.250.800/ emergency number:+967.1.250.833. An Airbus A310-300 operated by the Yemeni state carrier Yemenia Airways disappeared at around 1am Paris time (GMT+2) Tuesday morning en route between Yemen and the Indian Ocean archipelago of Comoros. The aircraft appears to have crashed just a few kilometers away from its final destination of Moroni, the capital of Comoros. There is no word of survivors. Flight plan of Yemeni Airbus A310-300 that crashed off the Indian Ocean archipelago of Comoros on June 30 at around 1am Paris time. One hundred and fifty-two people, including crew members, were on board the plane. It is the second Airbus to plunge into the sea this month. An Air France Airbus A330-200 crashed into the Atlantic Ocean killing 228 people on board on June 1. Yemeni Airways flight IY626 took off from Paris's Charles de Gaulle airport to Marseille in southern France from where passengers boarded an Airbus A330-200 aircraft bound to Sanaa, the capital of Yemen. From Sanaa, passengers then switched to an Airbus A310 bound for the Comoran capital of Moroni, via Djibouti. Scroll down to read the latest updates:
All times are Paris time (GMT+2)

10:58am – Yemeni official says one survivor has been found.

09:50am – 'Faults' had been noted on crashed Yemeni plane, says French transport minister.
09:00am – The plane crashed in stormy weather, according to airport authorities.
08:59 am – The wreckage of a Yemen Airbus jet that crashed off the coast of Comoros has been spotted, a Comoros government official told AFP Tuesday.

08:59am – Unfavourable weather condition nQSDF

08:30am – Paris airport authorities say 66 French people were on board the aircraft.
08:09am – Yemeni civil aviation sources say first bodies have been recovered.
08:00am – France dispatches two military boats and a plane from the Indian ocean isles of Mayotte and Reunion
07:57am – An Africa-based air security body called ASECNA says debris have been found.
05:30am – Yemenia Airways says passengers include French, Comoros nationals.
05:16am – French airport officials also report the disappearance of the aircraft.
02:29am – Yemeni government officials report the airliner has crashed.
Tuesday 1am – Time at which the aircraft was scheduled to land in Moroni
Monday 10:51pm – An Airbus A310-300 operated by the Yemeni state carrier Yemenia Air disappears from radar screens.

30 June 2009 17:08:35 Dear Viktor,

Platts European Smart Grid Strategies conference will examine a number of case studies showing how new projects have been implemented across Europe and elsewhere. One of the projects to be discussed will be presented by David Nestle, Head of Decentralised Energy Management Group, ISET.

Stacey Knox
Marketing Assistant
EMEA Platts Conference Division
Ref: PC984EM4

Live: Is to know how many Russian communities exist. At 4:00 in the morning upset voice of “rusia petroleum” Northern Stream angry was asking me. I feel sick with this beating and say nothing. Now I know very well that it is my father pajama and me business. Get it?(Вчера польская газовая монополия PGNiG и катарская QatarGas подписали 20-летний контракт на поставку сжиженного природного газа (СПГ). Он предусматривает ежегодные поставки 1 млн т СПГ (эквивалент 1,5 млрд куб. м газа) в 2014-2034 гг. К началу поставок PGNiG намерена построить регазификационный терминал.):

Oil companies bid for Iraq’s oil fields June 30, 2009 2:42pm BP and CNPC have won the right to help Iraq develop the Rumaila field. The UK and Chinese companies beat ExxonMobil, the US oil company, which had partnered with Petronas, the Malaysian oil company. BP clinched the contract when it agreed to reduce its fee per barrel from $3.99 to $2. But the rest of the auction has not gone as smoothly. In fact, so far, the smaller five of the eight oil and gas fields being auctioned off have failed to find a company willing to accept the narrow terms and the relatively low price Iraq is willing to pay for their services. And the future of West Qurna, the biggest of the fields, is looking in doubt after ExxonMobil and CNPC both rejected Iraq’s tougher terms. Royal Dutch Shell has bid for Kirkuk, bit no winner has been announced for that field. Today had marked the beginning of a long-awaited journey. Braving sand stormsand the continued violence on Iraq’s streets, oil executives had come to Baghdad to make their bids. It was the first time since nationalization more than 30 years ago that international oil companies would be allowed back into the country. After much debate, Iraq had decided to allow foreign oil companies to help repair its oil developments, which have been plagued by years of war, sanctions and violence. The companies will be paid a fee for their service, but they hope their willingness to accept such narrow terms eventually could lead to more lucrative exploration and development deals. Kicking off the bidding ceremony, Nuri Al-Maliki, the country’s prime minister, promised Iraq would make even more fields available to international companies that want to develop them. Bid envelopes for the fields were opened every 45 minutes to an hour. They contained two numbers - the per barrel fee the company proposes to charge Iraq for helping repair the field and the point at which it believes the field will plateau. The plateau is not only an engineering ambition, but also decides at what point companies begin to make money. Thus the lower the first number and the higher the second, the more likely the bid would win the contract. Here is the line-up for other contracts auctioned so far: The Mansuriyah gas field got no bids. There were four bids from different consortia for the Zubair oilfield. But in the end the winning bidder rejected the terms on which Iraq was insisting and the field went unawarded. The groups that had initially bid were BP , together with CNPC; India’s ONGC with Gazprom Russia and Turkish Petroleum Corp. The third was headed by Italy’s ENI, with China’s Sinopec, Occidental and Korean Gas; and the fourth was led by Exxon Mobil, with Royal Dutch Shell and Petronas. The Maysan field failed to find a developer as Iraq and the single consortium that bid (Cnooc and Sinochem) could not agree the terms. The Kirkuk field got one bid by a group led by Royal Dutch Shell and including Sinopec and the Turkish Petroleum Corp. The Bai Hassan failed to find a developer as Iraq and the ConocoPhillips-led consortium that bid on it failed to agree terms. The West Qurna field got five bids, but its future hangs in the balance after ExxonMobil and CNPC both rejected Iraq’s tougher terms. The Akkas gas field got one bid from a group led by Edison. The the group led by Cnooc, the Chinese oil company, that bid on the Missan oil field, ended up rejecting Iraq’s tougher terms.

“Yellow Syndicate” (continuation).

“Yellow Syndicate” (continuation). I receive breaking news from France 24 yet in 13:42:35. It’s make me easy feel on Sunday, seems some are willing to discuss couple things that have been locked up for ages. Well, I don’t mind. It’s my subconscious that gives me these weird dreams. Such as Barroso in grey very chic suit in position of the letter “ZU” pass me the cheque with seven digits number on it. Or another immediately after, where some English speaking people offer for us, for me and my two close associates the Ford caravan like a gift for any “Yellow Syndicate” urgencies which eventually could occur. Why not? I can do what I do best. Put in the line “e pato e gato” and then wait for yours instant offer of success and acceptance. Independently of what my heart or mind expect in terms of grow and positive change. “No body” was stealing the 250 million rubbles like a “hare jump” during “medvedev” journey to the Africa. Was me who ask for column of Rainha Bragança? No, but the Co humbly make me this offer like a security for any eventuality arrangement in evolution of “African Question”. Same was with the Fortis and Abbey National. No one site was interested to inform in the derailment of two trains in Madrid during the same “medvedev” voyage where the 50 people where hurt and 10 taken to the hospital. Another million dollars question is the energy of synergy. When Boris who is full member of committee for industrial policy, business enterprise and tourism, the chair man of Association of the retailers, the Building Constructors Association, CO of Transport and Communications are killed in Astrakhan – than we again should think twice how this “Yellow Syndicate” gifts works. Than once more back to me and ask why my right eye was dripping tears again. Wake up with terrible pain in my right eye. Any one remembers the два фингала of british Lion. Or how the Zara Phillips understood Barroso’s “Capitan Mala”. Because at the light of the day in the Centre of “Ocтро хан” (i.e. Astrakhan) the Illin pay humble contribution to my Ford caravan parked at the Capitan Mala terminal. Good God not alone. Together with Rainha Bragança, Letizia, “militares com traductor”, and cheap Train à Grande Vitesse from Köln to Aachen bursting in flames. All this just small indication of who I am and how unreliable ongoing piggy faces from Brussels and Strasburg when CASH or TIME are concerned make fluffy tail to the old King is dead – long live to the King!

http://www.vz.ru/news/2009/6/28/301860.html Стрельба произошла в киевском ресторане с участием сына Ющенко 28 июня 2009, 15::32. По данным украинских интернет-изданий, сын президента Украины Виктора Ющенко стал участником вооруженного конфликта в киевском ресторане «Казачок». По информации портала «Цензор.нет», в субботу вечером возле ресторана «Козачок» сын президента Украины Андрей Ющенко устроил стрельбу из пистолета. Есть пострадавший. По дынным редакции портала, Андрей Ющенко заезжал на стоянку ресторана на машине марки Cadillac со своим спутником и подрезал машину госслужащего с супругой. Когда сыну Ющенко сделали замечание, началась перепалка, в ходе которой Андрей Ющенко вытащил пистолет и несколько раз выстрелил. После чего с места происшествия скрылся. Как рассказали в Дарницком райуправлении милиции, около 23.00 в ресторане была стрельба: один из посетителей, по предварительным данным, стрелял в воздух (резиновыми пулями) из травматического оружия. Все свидетели инцидента были опрошены, обстоятельства выясняются. Отвечая на вопрос «Интерфакса», принимал ли в этом конфликте сын президента Украины Андрей Ющенко, как об этом пишут некоторые украинские интернет-издания, в райуправлении заявили: «Была стрельба, но не с сыном Ющенко. Это какая-то клевета».

Honduran president ousted in coup President Obama expresses concern over the crisis

The Associated Press updated 3:06 p.m. ET June 28, 2009. SAN JOSE, Costa Rica - Soldiers seized the national palace and flew President Manuel Zelaya into exile Sunday, hours before a disputed constitutional referendum. Zelaya, a leftist ally of Venezuelan President Hugo Chavez, said he was victim of a coup.

Hours later, Congress voted to accept what it said was Zelaya's letter of resignation, but Zelaya said the letter wasn't his and vowed to remain in power. The Supreme Court said it was supporting the military in what it called a defense of democracy, and the Honduran ambassador to the Organization of American States said the military was planning to swear in Congressional President Roberto Micheletti -- who is next in line to the presidency -- to replace Zelaya. Zelaya was arrested shortly before polls were to open in a referendum on whether to change the constitution. The Supreme Court ruled the referendum illegal and everyone from Congress to members of his own party opposed it. Critics said Zelaya wanted to remove limits to his re-election. Soldiers surround palace. Tanks rolled through the streets and hundreds of soldiers with riot shields surrounded the presidential palace in the capital, Tegucigalpa. Zelaya, at the airport in the Costa Rican capital, San Jose, called the military action illegal. "There is no way to justify an interruption of democracy, a coup d'etat," he said in a telephone call to the Venezuela-based Telesur television network. "This kidnapping is an extortion of the Honduran democratic system."

A majority of members of Congress voted with a show of hands to accept a letter of resignation that Congressional Secretary Jose Alfredo Saavedra said was signed by Zelaya and dated Thursday. The letter said Zelaya was resigning because of "the polarized political situation" and "insuperable health problems."

But Zelaya told CNN the letter was "totally false." He told Telesur he would not recognize any de facto government and pledged to serve out his term, which ends in January. He said he would attend a scheduled meeting of Central American presidents in Nicaragua on Monday. He siad Chavez, which is also going, would provide transportation. Chavez, who along with the Castros in Cuba is Zelaya's top ally, said Venezuela "is at battle" and put his military on alert. 'We have to rally the people'. About 100 Zelaya supporters, many wearing "Yes" T-shirts for the referendum, blocked the main street outside the gates to the palace, throwing rocks and insults at soldiers and shouting "Traitors! Traitors!" "They kidnapped him like cowards," screamed Melissa Gaitan. Tears streamed down the face of the 21-year-old, who works at the government television station. "We have to rally the people to defend our president." Honduras has a history of military coups: Soldiers overthrew elected presidents in 1963 and 1972. The military did not turn the government over to civilians until 1981, under U.S. pressure. Micheletti has been one of the president's main opponents in the dispute over whether to hold the referendum. The head of the Supreme Court was also opposed to the nonbinding referendum, on whether to ask voters whether they want to convoke an assembly to rewrite the constitution. It appeared that the vote would no longer take place.

The Observer newspaper said South Africa's National Union of Mineworkers, with 317,000 members, had intervened in the proposed merger saying it would lead to "unacceptable" job losses. A spokesman for Anglo American declined to comment on possible investment in the Brazilian iron ore business but said the process to appoint a new chairman was "progressing well." ($1=.6052 Pound)

“Kill the rats!”

“Kill the rats!” Almost black Mercedes open-top kill the girl. Only because have a bad luck to see the auto-sport journal. The EU ongoing piggy faces stuff. This theirs “a preto” businesses are in awful shape. Thinking about complexly of the picture – everything is clear to me. Excluding that “theirs” are many and me, my name, my family, my “religion”, my cultural and educational background – just one. This is “good” for ongoing piggy faces. Give them that large margin to maneuvers’ inside of passed by me “instructions”. If I wrote “white” – they seeing my writings and not the person, do the “black”. And vice versa. Although, covering this children play with cover of bodyguard stuff, mean “a defends”, “a protect”, etc. for many decades, doing complete black-out of me, my person, my “religion”, my cultural and educational background. Like that bees house – insects without brain, but with “futuro de nossa civilisação” philosophy conduct me to my tomb. But it is my private thoughts. Which Gansa praia (i.e. Svanberg), with black Russia, with 250 million stolen and King das Copas dead – show still go on. Need the clarification? Okay. Gansa Praia – mean swine face of Barroso and Almohad Company well “planted” in Strasburg and Brussels which give complete disaster to the common European energy policy not because of Svanberg but because of theirs, to much almohad race. Black russia – mean black russia, with Setanta, with 20 rubbles per year, with “rusia petroleum”, with 250 million stolen – or without. Which again help in ways of “if you want left – we going right”, “if you going right – we going left”. Always bond in order to obtain clean 5 off-shores through Northern Stream in Luanda. King das Copas is more simple – mean stinking goat with his brother, the stinking lion telling me since the 5 of May of 1995 that they discovered enormous rat, and that this rat have a name of Viktor A. Glugovsky. And the “kill the rats!” is the universal motto for any case. Only problem is that the King died on 25, that magic number of what you do to find the job the nation of the shit from camel turned around, the cocaine Royal Family of Lancaster’s and the English speaking World. Only problem is that Mercedes almost kill the girl in the Brick Line. And that this, unnatural event is the answer of European Community speaking in English, russian, almohad, etc. to the patriotic obligation to defend and protect. Apparently, from “one-who-never-will-be-goal” of “what-you-do-to-find-the-job”. Which again, if forget the pictures in my blog, – is good thing.

Andar vender seguros…

Andar vender seguros…

Listening for last three days – I don’t believe in everything what they where saying. Clear that someone is exaggerating in order to get me interesting in making a contribution. Okay, than it’s better to begin Friday on a challenging note. Because, just getting simple routine tasks done seems more difficult and complicated than ever. Even if this is explain, elucidate, make clear to every one knowing fact that “a preto”. In this way I’ll try to give suggestion but not my cash. In this way I still with “half full” and the ongoing piggy face from Brussels and Strasburg with “half empty” option. Theirs bobbling business is directed only to distract me, doing me automatically obey from some who have nothing to loose. Only real shock was the reason, not the selection of Svanberg for the chair man of BP. Reading my notes of last couple days make proposition that I am having courage to face the truth results in a powerful breakthrough.

Clear how brits 'zassali'. Now take dream into account with policy-making and CV breaking (from very high seem at the American base camp). Plus last communications. BP names Svanberg as chairman. June 25 2009 13:27. BP said on Thursday that it had appointed Carl-Henric Svanberg, chief executive of Swedish telecoms equipment maker Ericsson, to take the place of Peter Sutherland as chairman of the UK oil major. The decision ends a long search process. Mr Svanberg will join the BP board as a non-executive director and chairman designate on September 1 before taking up his role fully on January 1 2010, the company said in a statement. Mr Svanberg, 57, beat a host of other candidates, including Paul Anderson, the former chief executive of BHP Billiton, on an extensive shortlist. The search was set back when the previous candidate to emerge from BP’s selection process, Paul Skinner, then chairman of Rio Tinto, was opposed by shareholders because of his support for the mining group’s planned fundraising deal with Chinalco of China, which was subsequently aborted . Anna Mann, traditionally BP’s favoured adviser on top appointments and now at MWM Consulting, has been working on the search, but other headhunters have also been brought in. Analysts say that the new chairman of BP faces considerable challenges in guiding the company, which expanded rapidly under Mr Sutherland’s aegis, through tricky waters where demand from the developed world is likely to have reached a plateau, but developing countries are fast increasing their need for oil. Serving those markets will prove more difficult as national companies are better placed in countries such as India and China to defend their positions. Tony Hayward, chief executive of BP, said: ”Peter Sutherland has been an outstanding chairman, guiding the company through one of the most successful periods in its history. He will be a hard act to follow. ”But I am sure Carl-Henric will be a worthy successor. He is a businessman of international stature who is recognised for his transformation of Ericsson. Our shared views on many aspects of global business give me great confidence that we will work very effectively together on the next phase of BP’s progress.” Separately, Ericsson said it had appointed its current chief financial officer, Hans Vestberg, to replace Mr Svanberg as chief executive of the Swedish telecoms company. Mr Svanberg has had a broad track record of success with Ericsson, where he became chief executive in 2003, and consolidated its position as the world’s leading manufacturer of mobile phone network equipment. While rivals such as Alcatel Lucent and Nokia Siemens Networks became distracted by mergers, Mr Svanberg got on with the task of ensuring that Ericsson could maintain its market lead, particularly against newcomer challengers such as Huawei Technologies of China. However, there was one blot on Mr Svanberg’s copybook at Ericsson, when the company had to issue a profits warning in October 2007, but it has subsequently stabilised under his control and is back on a profitable path. BP shares were 2.9p lower in afternoon London trading at 474.1p, while Ericsson shares dipped SKr0.50 to SKr76.20 in Stockholm.

Hexane of F1:

Hexane of F1:

1. The teams leading this are owned by corporate giants; they are not going to take a step like this lightly and they are not going to back down and make themselves look silly.
2. The teams have bound themselves together in an almost fanatical way to stop Mosley or Bernie splitting them.
3. Brawn GP has stayed with Fota. There was some nervousness Brawn might jump but he has stayed and that is a big deal for the teams.
4. The FIA are talking tough but why did they not announce their entries for next season? Answer: because, compared to Fota's team-sheet, the FIA's is very poor and is not a viable basis for the continuation of Formula One. All the big drivers and teams are with the rebels.
5. Max does not have the political capital in the bank he once had. He is a weaker figure for a variety of reasons and the teams are sensing their moment to move in on him.
6. In politics, this is the moment the "men in grey suits" knock on the door and politely but firmly tell the prime minister that the game is up (the end of Margaret Thatcher's premiership comes to mind). Because of what I call the "democratic shortfall" between Max and the people he rules.

You remember the “new shoes” bought in Portugal?

You remember the “new shoes” bought by Armed Forces in Portugal and transported by the Mria (An 124)? Through Russian President Office (i.e BIKO Holding) with supervision of Illarionov and Valia Vassilenko? Good luck.

PRESIDENTIAL DIRECTIVES ON YOUR AWAITING FUND 24-06-2009‏

From: Mr.Onyeoma Henry (onyeomahenry@yahoo.com.hk)

Sent: 24 June 2009 04:23:17

To: glgugovskyviktor@hotmail.com

FROM THE DESK OF MR ONYEOMA HENRY
PAY MASTER GENERAL OF NIGERIA FOREIGN AFFAIRS UNIT EXECUTIVE DIRECTORSPECIAL DEPARTMENT INVESTIGATION AND DEBT SETTLEMENT COMMITTEE ZONE 11FEDERAL SECRETARIAT COMPLEX. LAGOS NIGERIA.
Attention Beneficiary,
RE: PRESIDENTIAL DIRECTIVES ON YOUR AWAITING FUND.
I am Mr. Onyeoma Henry, Pay Master General of the Federation,I Wish to inform you that we have received authentic approval and instruction directly from the Presidency, Federal Republic of Nigeria to pay you your outstanding Depts.
It has become considerably emergent that we have been directed to take this measure due to the much embarrassment being caused to certain foreign beneficiaries and the federal republic of Nigeria due to questionable circumstances with which some greedy Nigeria officials who always request for up front payment from contractors and beneficiaries before their payment is released.
All approvals required for this payment has been issued in your favour including the original document and payment instructions already forwarded to my office. to enable you receive your payment within 72hrs that you reconfirm the required details.
However, to ensure that your payment is smooth, fast and successful. I want you to personally identify your prefered method of payment from the list of two methods that we execute in this Office which are mentioned below:
1. Telegraphic Transfer (TT) which wires Funds directly to your own bank
account.
2. Electronic Payment via ATM Value Scratch card which allows you to credit the Funds into your account by connecting the P.I.N. Electronic Pay Voucher via your Digital telephone or internet.
Yours sincerely,
Mr. Onyeoma Henry
Chiarman, Investigation and Debt Settlement Committee

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For big “medvedev” – big journey…

For big “medvedev” – big journey…

(Continuation the ‘Wire’. Between us I told you what: Paботящая ваша Валя…)

Addax agrees C$8bn offer from SinopecJune 24 2009 15:03.Sinopec agreed a C$8.3bn ($7.3bn, £4.4bn) takeover of independent oil company Addax Petroleum on Wednesday, in a move that accelerates Chinese investment in Africa as well as the booming oil frontier of Iraqi Kurdistan. Chinese state-owned Sinopec, one of the country’s biggest oil companies, will pay C$52.80 per share to acquire Addax, a Switzerland-based small oil producer active in Nigeria and Gabon, which would cancel its Toronto and London listings if the deal completes. The deal is the strongest sign yet of an investment boom gripping Iraq’s northern autonomous region of Kurdistan, which could contain over 40bn barrels of oil, according to the US geological survey. Addax is one of the longest-established players in Iraqi Kurdistan, operating the Taq Taq oil field and refinery at the centre of a patchwork of oil concessions. The development of these concessions was until recently stalled by a political dispute between Iraq’s central government and Kurdistan’s regional government. On June 1 representatives from both governments declared the official start of oil exports from Kurdistan, seemingly resolving the impasse, and Addax was one of three companies including Turkey’s Genel Energy that started producing the first 100,000 barrels of oil per day. A week later Genel agreed an all-share merger with Heritage Oil, another operator in Iraqi Kurdistan, in a deal worth over $5bn. Expectations of further consolidation continued when Addax said that week it was in preliminary talks. The suitors were understood to be both Sinopec and the Korean national oil company, which owns a licence adjacent to Addax’s. Sinopec’s offer today was a 16 per cent premium to its closing price on Tuesday and an almost 50 per cent premium to its price before it announced the talks. Jean-Claude Gandur, Addax’s Geneva-based chief executive, said, “The efforts and accomplishments that Addax Petroleum has achieved thus far will be built on through increased investment in the business.” Mr Gandur’s stake in Addax is worth C$296m ($259m) at Sinopec’s offer price. According to Dealogic Sinopec’s acquisition would be China’s largest ever outbound investment in the oil and gas sector. If it succeeds the deal will avoid the fate of other thwarted foreign acquisitions by Chinese state-owned industrial champions. The most recent was this month’s failed $19.5bn fundraising deal between Rio Tinto, the global miner, and Chinalco, the Chinese miner selected by the government to spearhead foreign acquisitions. It also comes after Cnooc’s failed bid for Unocal, the US oil company, in 2005. Sinopec is also competing for oil licences that will soon be awarded by Baghdad in its next licensing round, in sign that perceived political risk that has led large foreign oil companies to not invest in Kurdistan may be lessening. If the multiple deals underway in Iraqi Kurdistan succeed HeritaGE, the proposed name of the combined Heritage Oil and Genel Energy, and Sinopec will be joint venture partners developing Iraqi Kurdistan’s Taq Taq oil field and refinery. Shares in DNO, a Norwegian company that also produces oil in Iraqi Kurdistan, have risen 10 per cent today in Oslo. Addax shares in London rose 14 per cent to £27 per share. RBC Capital Markets advised Addax. Addax last year produced 137,000 barrels of oil per day, all of which was from Africa, although the group’s Taq Taq field in Kurdish northern Iraq began production earlier this month.

Ten meters between occiput and “what-you-do-to-find-the-job”.

Ten meters between occiput and “what-you-do-to-find-the-job”. The conversation all day after”… this blows in my head…” where I was not very careful putting twice the same news about the mother-Kremlin who likes to run and run, and run because “a preto”, make, that all day long I was dedicated to think about ship called “Marathon”. Not seeing clearly that this is simple “Hare jump” to protect “medvedev” from killing one more herdsman in Izum/My cop. Well, here we come, with the ongoing piggy faces again… First, was perturbed brit (alto, loiro, juista) showing me his badge. This actually was just the external plastic from Oyster Card. (That card to travel by the all Metro extension of nation of the shit from camel turned around). See the debts of London. It’s immediately at the exit from bobic station. Than was my place to snack a little like the Xstrata people do, than was two unexpected meetings. One was Zara Phillips, (than cocaine Royal Family of Lancaster’s go to think or talk, or even take the necessary precautions, together with piggy faces with journal Metro looking for contact with me, like I tell you before about that political SUCKER speaking in english. Okay, Zara Phillips with her friends, only by now speaking loudly in German and looking for my eye contact. To understand how it’s a big burden to day yes, day no going to the place of cunt, pussy, twat, ratinha, пизда, etc. and make my famous spat, can only tell you that ten meters (the distance between occiput of Prince Charles the II/Barroso and “general consent”) – I find the ebalo (face) of lesbian from “Wire, the cocaine drama of Lancaster’s Dom, the same height but like the Zara Phillips with a little trick; in chinoca variant. Same face, same height, identical profile only in Chinese variant. With showing me the smart suit, the pawn shop, the battery Duracell and then hit me hard - I know who is “a preto”, who is the “a preta racha”, and who have the clarity of “a preto”. Shame that I have to write about this in such short notice. The last evolutions in incredibly sorry development where the Gasprom, the Petrogal and Lincolnshire offer very little excitement for us about “this” Medvedev’s journey. (He will be in Africa later this week.) But still, one positive note; now I can go make my rounds in chameleon mode. Mean, exit like a blonde, return like a brunet. Exit like “a preto” – return like Lancaster. Exit like a chinoca- return like Mountbatten. Exit like unemployed – come back to this dirty hole like a hope for ongoing piggy faces from Brussels and Strasburg. Get it? Now, I go to put photo to make distance the ten meters between occiput and “what-you-do-to-find-the-job”.

Президент России впервые в истории посетит Нигерию Президент России Дмитрий Медведев отправляется в среду с официальным визитом в Нигерию. Главная тема переговоров — активизация торгово-экономического сотрудничества. По итогам визита будет подписан ряд документов. Это будет первый в истории визит главы российского государства в Нигерию. Нигерия — второй после ЮАР торговый партнер России среди стран Африки к югу от Сахары. Товарооборот в прошлом году увеличился почти вдвое и достиг почти 300 миллионов долларов. Россия входит в десятку основных внешнеторговых партнеров этой африканской страны. Успешным примером экономического сотрудничества с Нигерией стал приход туда компании «Русал», которая приобрела почти 80% акций предприятия по производству алюминия «Алскон» в феврале 2006 года и инвестировала в модернизацию завода порядка 300 миллионов долларов. Развивается сотрудничество РФ и Нигерии в области энергетики. Так, российская компания «АСЭН» завершает строительство в городе Этелбоу электростанции на основе газотурбинных модулей. До Нигерии Дмитрий Медведев побывал в Египте. Глава российского государства провел переговоры со своим египетским коллегой Хосни Мубараком. Каир и Москва подписали договор о стратегическом партнерстве, который определяет сотрудничество между двумя странами на ближайшие 10 лет. Оно, в частности, предусматривает строительство первой в Египте атомной станции и создание промышленной зоны с участием российского капитала. Кроме того, Москва и Каир продолжат переговоры по проекту создания в Египте российской экономической зоны и Договору о свободной торговле. После переговоров с Хосни Мубараком Дмитрий Медведев выступил с речью в штаб-квартире Лиги арабских государств. Она была посвящена ближневосточному урегулированию. Как заявил российский президент, Москва поддерживает усилия Египта по преодолению межпалестинского раскола.

Xstrata sees $1bn savings in Anglo merger ‎44 minutes ago‎. Xstrata has clearly not given up on landing its bid target Anglo American, and has just issued more details of its proposals, including suggesting the merger would produce $1bn of cost savings. Releasing a letter sent to Anglo, Xstrata chief executive Mick Davis said he was proposing a "merger of equals" and the combination of the two companies was "a natural fit." Xstrata said it was regrettable that Anglo had rejected the overtures out of hand, and it still wanted to talk to Anglo about the proposals. Traders have, of course, been speculating about other possible outcomes, including any involvement by Brazil's Vale or Chinalco in the further consolidation of the sector. Anglo has climbed 101.5p to 1753.5p while Xstrata is up 25.3p at 665.2p. MeanwhileLonmin, where Xstrata holds a 30% stake, is up 62p at £11.96. The platinum specialist said a furnace shutdown could mean 20,000 ounces might remain unprocessed, but this was not as bad as analysts had been fearing. The rest of the mining sector continues to benefit from rising metal prices - mainly due to continuing dollar weakness ahead of tonight's conclusion of the US Federal Reserve's latest meeting. Kazakhmys is 38.5p better at 628p, while Vedanta Resources has moved 58p higher to £13.57.

GLOBAL MARKETS-Euro stocks, bonds jump on ECB tender, Fed eyed 19 minutes ago. LONDON, June 24 (Reuters) - Stocks, bonds and the dollar rose on Wednesday after the European Central Bank lent banks almost half a trillion euros in a first ever one-year tender and the Swiss National Bank was seen selling Swiss francs. In a move that pushed euro interest rates lower across the maturity spectrum, the ECB lent 442.241 billion euros ($612.8 billion) in a 371-day operation at a fixed 1.00 percent -- well above the 300 billion forecast in a Reuters poll. 'This does indicate there is demand for funds. It suggests that there is money going into the economy, and that is exactly what the central banks want to do to reflate the global economy. This is a very supportive feature for the day,' The MSCI world equity index rose 0.9 percent after hitting its lowest since May 18 on Tuesday on concern over the global economy. The pan-European FTSEurofirst 300 index of top shares was up 1.5 percent at 846.38 points. The index had lost 3.2 percent in the previous two sessions. Euro zone interest rate futures rose and shorter-dated government bond yields hit session lows, steepening the yield curve after the ECB tender. At 1200 GMT, the two-year German government yield was 1.413 percent, down six basis points on the day and having plumbed a session low of 1.405 percent earlier. The 10-year Bund yield was one basis points lower at 3.461 percent.

"A film critic at a silent movie festival".

"A film critic at a silent movie festival". 24-Jun-09. 9:27:10 AM. Who is the jury who decide that I must have this blows in my head? Blow – than show me gorges suit, blow again – than design pawn shop, one more blow – and I should think about a new battery in my PC. This tests of my straight all week long, give me the impression that concrete people are checking the frontier for my sincerity and tolerance. People who is around me. Like a Prince Charles the II or ‘o gajo do Parlamento com o jornal do “Metro” nas maus” waiting for me at the morning in the square. Clearly communicating the “some big news” about oil, gas and petrochemicals directly from Washington DC. Should I be worry? I don’t think so. They can take care of themselves. Better still be focusing in my low energies and solving my own dilemmas. Although, I like when people do show-off their originality. Like that black guy with same “Metro” further on, below the bridge, doing the same kind of Parliamentary “job”. It’s like the free consultation from who’s close to me, try to help me sort-out all my quandaries before harm is irreparable. For everyone though is one thing is clear; my own partiality for routine and the traditional can trigger the sequence, when I am able to resist to be threatening or challenged. And these are giving some very serious thoughts about of future. If blows had a little or no explanations – it’s Derivatives of Futures. This is how I call one of many financial categories from City inventors. Point is; where you want to go with me from here? Because, the commerce is “good” (see the Charles the II/per year) and I want to “expand” in one way or other. Remembering that my reasonable “inner radar” gives me the screen of far distance (i.e. the month after), the close range (i.e. next five minutes) and the middle array – which I ignore in question of improving “my” business and holdings. This is another way of telling that I was very disappointed by catastrophically global demurrage in my reimbursements.

Charles given more taxpayers' cash 14 hours ago. The Prince of Wales cost the taxpayer almost 25% more last year, his accounts show. Money from Parliament's grants-in-aid and government departments given to the heir to the throne increased by more than £500,000 from £2.45 million to £3 million. Two expensive long-haul foreign tours which came to more than £1 million in total were mostly responsible for the jump of 23%. Funds from the taxpayer are used to pay for Charles' official air and rail travel, residences and communication. Clarence House stressed the Prince undertook the overseas trips to the Far East and South America at the request of the Government. The two tours contributed to a 48% rise in the cost of Charles's official travel which increased from £1.1 million to £1.7 million. The future King's personal income also rose to nearly £16.5 million despite the recession - an increase of 1%. It was a small rise compared to previous years but generated an extra £185,000 for the Prince. The money comes from the surplus of the Duchy of Cornwall estate. Charles's personal income rose despite the fact the total value of the estate fell by £48 million to £599 million during the last financial year, a drop of 7%.

Подробности гибели члена экипажа т/х Marathon Tuesday, June 23, 2009 More articles in Аварийность и ЧПОн погиб при захвате судна пиратами еще 7 мая – экипаж оказал сопротивление, по людям стреляли на поражение. Кок судна получил пулевое ранение в ногу, сварщик был убит. Пираты намеренно, и понятно почему (из страха ответных действий), скрывали факт убийства моряка. Мало того, при доставке выкупа на борт Marathon, когда от пиратов потребовали вывести людей на палубу, они вывели семерых, а убитого положили рядом – мол лежит, ему плохо. Это убийство многое может изменить – может быть, всю ситуацию с пиратством и ответные действия по отношению к пиратам. На балкере Ariana пока все нормально, люди живы и здоровы, соответствующие службы Украины предпринимают все возможные действия для недопущения каких-либо чрезвычайных происшествий.

El BCE inyecta la cifra récord de 442.240 millones de euros Publicado el 24-06-2009 , por Expansión.com. Nunca hasta la fecha el BCE había realizado una subasta ilimitada de liquidez a un año, y nunca hasta hoy había inyectado en una sola operación una cantidad similar, 442.240 millones de euros, al tipo fijo del 1%. Al mismo tiempo que se conocían estos datos, el euribor, en mínimos históricos, aceleraba aún más sus caídas. El Banco Central Europeo ha dado un paso más que histórico en sus medidas sin precedentes adoptadas para hacer frente a la crisis. La primera subasta ilimitada de liquidez a un año había generado una expectación insólita, acorde con su novedad. Los mercados financieros ya auguraban una enorme demanda en la subasta sin precedentes de hoy, al estimar que los tipos de interés de la eurozona no seguirán cayendo y que la oportunidad de adquirir préstamos en condiciones tan favorables (al 1% a un año) podría no repetirse. Finalmente, todas las previsiones de demanda se quedaron incluso cortas. El BCE ha adjudicado 442.240,5 millones de euros, con vencimiento el 1 de julio de 2007, y con un tipo fijo del 1%. El anterior récord en una sola inyección del BCE databa de diciembre del año 2007, meses después del estallido de la crisis financiera, con 348.600 millones de euros. Mercados interbancarios Los resultados de la inyección extraordinaria de liquidez prácticamente coincidieron con los cambios diarios del euribor. El indicador de referencia para el cálculo de las hipotecas no sólo encadenó sus segundos mínimos históricos consecutivos. Su caída se aceleró, y el euribor a doce meses bajó hasta el 1,57%, desde el 1,585% previo.

Подробности гибели члена экипажа т/х Marathon Tuesday, June 23, 2009 More articles in Аварийность и ЧП. Он погиб при захвате судна пиратами еще 7 мая – экипаж оказал сопротивление, по людям стреляли на поражение. Кок судна получил пулевое ранение в ногу, сварщик был убит. Пираты намеренно, и понятно почему (из страха ответных действий), скрывали факт убийства моряка. Мало того, при доставке выкупа на борт Marathon, когда от пиратов потребовали вывести людей на палубу, они вывели семерых, а убитого положили рядом – мол лежит, ему плохо. Это убийство многое может изменить – может быть, всю ситуацию с пиратством и ответные действия по отношению к пиратам. На балкере Ariana пока все нормально, люди живы и здоровы, соответствующие службы Украины предпринимают все возможные действия для недопущения каких-либо чрезвычайных происшествий.

Batery Ali…

1. Strike in Total oil refinery in Lincolnshire.
2. Fire at Mariel.
3. Брат Alekperova.
4. Inshore Brazil.
5. Set-back in “красил (i.e. crucial) industry” – like brits saying.

Batery Ali… 6/23/2009 8:42:47 AM. From my perspective, it appears that someone else (or perhaps a group of people) are doing everything possible to get in my way, slow things down or just make me feel miserable. As powerful and annoying as other groups may be, I am who have a genus to have my computer not working. And all because of battery for my clock was old, and should be replaced. Like that film where the terrorist engole em seco e disse: “Batery Ali…”, and the Malik manda ele a barda merda… No concluding to tell of his political manifesto before the trying to blow Subset Bulwark out. Accurately in place of unstrung tragicomedy, where the “medvedev” kill the herdsmen (i.e. Yevkurov) to promote Alekperov’s “rusia petroleum” in never changing for this matter Danzig Corridor. Of course I speak here about 45% of Raffinaderij Nederland. After the rotten like orange business of Setanta, I can do the fresh start by knock together a new team, accepting the responsibilities, making daunting but necessary improvements to enhance something brilliant again. Before the $725 million of 45% I have a dream where I’m traveling in the bus with military. Maybe this is because I still traveling without a ticket protecting the “medvedev”. Because the next dream at same night was weirder yet. I dream with very smart white haired pussy with my finger on it. Maybe it’s a way of military explain the Total “penetration”. Night before, at my dream arrives one Brazilian girl (i.e. uma moça). We where in the beach, good weather, and worm sea and she begin push for me the sand… Almost crying, but still doing it… I feel after a little bit strange. She was talking well to me, I fancied her, but maybe it’s just no way. Look at the Markets and how they react to this tip to the “new client medvedev”. Hикак. But mother-Kremlin with name Mariel react, burning contracts of Lincolnshire refinery react too. Since that I acknowledge my “own power” and who is willing to give me the boost required to zoom up the ladder, I can at least shut up who like to hit every night my head. Concretely and unrevoigably. Fairly assuming that other’s actions or words can not dominate my life. Only to like a half-dog, half-pigs, half-goats eat from my hand.

Lukoil to Take 45% Stake in Dutch Refinery Russia's OAO Lukoil said Friday it will pay $725 million for a stake in a Dutch refinery owned by France's Total SA, blocking a bid for the holding from Valero Energy Corp. The move is the latest in a series of deals signaling Russian energy companies' push to strengthen their positions in the European market. Lukoil, which is 20%-owned by U.S. oil major ConocoPhillips, said it plans to close the deal for a 45% stake in Total Raffinaderij Nederland by year end. The announcement coincides with a state visit by Russian President Dimitry Medvedev to the Netherlands and reflects Russia's open advocacy for foreign expansion by its big energy players, which can boost the country's international influence. Total has been seeking to build relations with Russian energy companies. It holds a stake in OAO Gazprom's Shtokman gas project in the Barents Sea and also has a stake in Russia's northern Kharyaga field. U.S.-based Valero said last month that it agreed to buy the 45% stake in the Dutch refinery from Dow Chemical Co., which co-owned the refinery with Total. However, the French oil company exercised its pre-emptive rights to purchase the stake and simultaneously agreed to sell the holding to Lukoil. Total will keep a 55% stake in the refinery. The 153,000 barrels-a-day refinery located in Vlissingen is mainly run on Russian crude oil. Lukoil Chief Executive Vagit Alekperov said the acquisition "organically fits in our company's strategy aimed at increasing oil refining capacities located in the immediate proximity to the markets where products with higher added value are sold." Lukoil is striving to boost its refining capacity by more than 70% by 2016. However, some of its recent attempts to buy assets abroad have failed, either because the deals were too expensive or because of what the company called the European Union's wariness about Russian investment. Lukoil owns refineries in Bulgaria and Romania and runs gas stations in various European countries and in the U.S.

Fire at Mariel shopping mall in southeastern Moscow. Из искры возгорелось Предварительная версия возникновения пожара в торговом центре на юго-востоке Москвы связана с нарушением техники безопасности. 22 июня 2009, 13::41. Трехэтажный торгово-развлекательный комплекс «Мариэль», расположенный на Люблинской улице, загорелся около полудня. Пожар, охвативший около 150 кв. метров, тушили 15 пожарных расчетов. По неподтвержденным данным, в здании прогремел взрыв. Жертв и пострадавших нет. Криминалисты приступили к выяснению причин пожара, предварительная версия ЧП связана с нарушением техники безопасности. Сообщение о пожаре в торгово-развлекательном центре (ТРЦ) «Мариэль», расположенном в доме 169, корпус 2 на Люблинской улице, поступило на пульт МЧС в 12.11 понедельника. «Огонь охватил трехэтажное здание. К месту ЧП были направлены 15 пожарных расчетов», – рассказали газете ВЗГЛЯД в пресс-службе МЧС по Москве. Площадь пожара составила около 150 кв. метров. Прибывшие спасатели первым делом эвакуировали из горящего здания всех работников центра и посетителей. По неподтвержденным данным, в здании прогремел взрыв. Учитывая, что торговый центр расположен рядом с жилым домом, возгоранию был присвоен третий номер сложности. «К часу дня пожар удалось ликвидировать. Информацию о взрыве мы не подтверждаем. Жертв и пострадавших нет. Криминалисты приступили к выяснению причин пожара», – отметил представитель МЧС. Между тем, по предварительной версии, ЧП в «Мариэле» произошло во время сварочных работ. «Взрыв в ТРЦ произошел во время сварочных работ, которые проводились на втором этаже трехэтажного здания. По всей видимости, взорвался газовый баллон», – рассказал РИА «Новости» источник в правоохранительных органах Москвы. Движение автотранспорта по дублеру Люблинской улицы, Новомарьинской улице и Марьинскому бульвару затруднено из-за наплыва машины пожарных и спасательных служб.

Wildcat strikes spread over Lindsey oil refinery sackings June 22, 2009. Wildcat strikes spread across Britain today as another 500 contractors walked out in a show of sympathy for workers sacked at the Total oil refinery in Lincolnshire. An estimated 2,000 workers from refineries, gas plants and nuclear sites failed to turn up for work today in unofficial industrial action after the French oil giant dismissed 650 contractors last week. The contractors were dismissed after going on strike to protest at not being offered new work on the site in Lindsey, Lincolnshire, even though employment was available. Under a union deal, the National Agreement, contract workers should be given the opportunity to apply for any new work at the same site once their oroginal employment term. The 650 workers discovered through television reports that Total had sacked them on Friday. They have until 5pm today to reapply for their jobs. As yet, there has been no disruption to Britain’s energy supply because all of those on strike are construction contractors or support staff — none of them responsible for the operation of a power plant. However, there are fears that other workers may strike in sympathy with the Lindsey contractors. At the neighbouring ConocoPhillips Humber refinery, about 300 contract maintenance workers walked out, while 100 employees at E.on’s Ratcliffe plant in Nottinghamshire also to unofficial industrial action in support of the Lindsey workers. Scottish & Southern Energy said that workers from the Fiddlers Ferry power station, near Warrington, had down tools but said it did not to know how many. It is believed that contractors at Drax, Britain’s biggest power station also walked out. Drax failed to return calls. EDF Energy said in a statement that some contractors had taken industrial action at its Cottam and West Burton power stations in Nottinghamshire. About 360 contract workers at RWE npower’s Aberthaw and Didcot A power stations have also gone on unofficial strike. More than 200 contractors walked off site at South Hook LNG terminal in Wales. While Total convened a meeting on Friday — inviting representatives of Unite and the GMB unions, contractors, and ACAS, the industrial arbiter — the oil company cancelled at the last minute. Today, the sacked workers at Total formed a picket line around the Lindsey refinery plant and some burnt letters from the company confirming the end of their employment. All the Lindsey workers were employed in building a new unit next to the refinery called the HDS-3 [hydro-desulphurisation] project. The unit, which will now not be completed by the end of the year as originally planned, will help the refinery to extract more diesel from the crude oil it treats.

Galp e Petrobras confirmam indícios de petróleo na Bacia de Potiguar A Galp Energia e a estatal brasileira Petrobras encontraram provas de existência de petróleo num bloco "onshore" da Bacia de Potiguar, anunciou o regulador deste mercado no Brasil. cpedro@negocios.pt. A Galp Energia e a estatal brasileira Petrobras encontraram provas de existência de petróleo num bloco "onshore" da Bacia de Potiguar, anunciou o regulador deste mercado no Brasil. A descoberta foi feita no poço 4GALP32RN, no bloco “onshore” (em terra firme) POT-T-484, refere a Agência Nacional do Petróleo (ANP) no seu “site”, citada pela Bloomberg. A Galp, que é a operadora, e a Petrobras, detêm em partes iguais esta concessão e ainda não determinaram se o crude descoberto tem viabilidade de desenvolvimento comercial, diz a mesma fonte. Em inícios deste mês, a Petrobras também anunciou ter encontrado sinais de petróleo e gás num poço “onshore” da Bacia Espírito Santo, o 4BRSA73OES, que fica no bloco ES-T-383. A Petrobras já tinha notificado o regulador de uma outra descoberta de crude, num outro poço desta bacia, a 27 de Dezembro passado. Os campos de São Mateus e de Guriri, no mesmo bloco, foram considerados – em Novembro - descobertas com viabilidade comercial, comentou a Bloomberg.

Anglo American (AAUK) Rejects Xstrata’s Merger of Equals The board of Anglo American (AAUK) met today to discuss the offer made by Anglo-Swiss mining company Xstrata (XSRAY), and reportedly the board of Anglo American unnanimously decided against the merger. The board’s decision was not all that unexpected as management had characterized the merger talks as preliminary. The deal was billed by Xstrata as a merger of equals based on the similar capitalization sizes of the mining companies, and their complementary products. The proposed company would be half owned by each company and no cash change hands. However, Anglo American doesn’t seem to be too interested in linking up with Xstrata in the $68 billion all stock deal. Analysts have estimated that the joining of the two large miners would save somewhere in the neighborhood of $750 million to $1.7 billion per year, which is certainly appealing to both sides. However, Anglo American is skeptical that the cost savings would be as substantial as reported, and believes it is bringing more attractive assets to the table than is Xstrata; as Anglo American is already the worlds biggest miner of platinum. The combined company would be a leader in mining of such base metals copper, zinc, nickel, and of course platinum. Over the past few months, Xstrata has been outspoken about its desire to merge with a strong mining company. There are also concerns over the how the corporate cultures of the two companies would mesh together, as Xstrata is known to be extremely lean and decentralized, which is opposed to Anglo American which has a far different reputation. As an example, Xstrata has been able to achieve slightly higher revenue than Anglo American in the last year with just 40% of the workforce. In addition, Anglo American is rightly fearful that the merger would entail taking on more debt in order to complete the deal, which is not attractive as the debt load is already substantial. Xstrata is trying to take advantage of a rift within the Anglo American shareholders as support for CEO Cynthia Carroll is waning as the stock has languished and the dividend suspended. Proponents of the deal see Anglo American as providing the edge in assets and Xstrata providing the edge in leadership. With Carroll’s ability to stay in control of the combined company in jeopardy, there is ample reason for her to wait for a better deal. At Ockham, we do not cover Xstrata, but we do cover Anglo American and we currently have their stock rated as Undervalued. Given the current fundamentals such as earnings and revenue, we think that Anglo American should trade somewhere between $16 and $24. Obviously, AAUK’s earnings will be heavily influenced by commodity price swings, but as of current estimates the forward looking P/E is only 5.8x. This being the case, we can see why the board is not to keen on taking 50% ownership in a company when their stock is trading in mid-$13’s. We think it wise to wait and see just how bad Xstrata wants AAUK, but also do not be surprised if the price tag gets too high they may start knocking on the door of smaller platinum miner Lonmin (LNMIY). “Xstrata has made a proposal to its rival, Anglo American, saying, would you like to do a merger of equals with you. And by the way, we’d like to run the combination, would that be okay with you? Yeah, all right. We’d have a $65 billion overall market value…”