Vienna - The price for oil produced by the Orga

Moscow - The Russian gas monopoly Gazprom began Tuesday to pump gas to Europe into a Ukrainian transit pipeline for the first time since a nearly two-week supply blockade began, the Russian Interfax news agency reported.

The supply resumed after both countries laid aside a bitter dispute over fees and the illegal siphoning of gas, which had cut European countries off from energy supplies in the middle of a harsh winter.

Sterlite Technologies Ltd, a part of Sterlite group, has declared the results for the three month period ended December 31, 2008.

The leading global provider of wire and cable solutions for the power and telecom industry has posted a growth of 19.13 per cent in net profit for the three month period, which stood at 314.50 million from Rs 264 million the previous year.

The company was greatly helped by cutting costs and excess inventory, sharp rise in order book plus new customers.

New Delhi, Jan.

With the intention to revivify and expand the agro-based industries in Bihar, state-run Hindustan Petroleum Corporation Limited (HPCL) has signed a memorandum of understanding (MoU) with the Bihar State Sugar Corporation Ltd and Bihar government.

The MoU was signed to take over sugar mills situated at Sugauli and Lauriya in East and West Champaran for 60 years lease (that could be extended for another 30 years).

Tel Aviv  - Israeli off shore drilling companies said Sunday they located gas reserves estimated to be worth up to 15 billion dollars, sending their stocks on a precipitous rise.

"The amounts of gas that were discovered will supply Israel's energy needs for decades - it is one of the largest finds in the world," said Yitzhak Tshuva, a principal stock holder in the Delek company, one of several groups who were part of a consortium of companies searching for gas off Israel's coast.

The find off the Haifa shore, gave several companies massive boosts. Delek saw its stock jump 40 per cent, while shares of Isramco, another member of the group, soared 120 per cent during day trading.