English Edition

CERA's Yergin:New Oil Fields May Offset Output Drop

Πεμ, 17 Ιανουαρίου 2008 - 02:35

Output from the world's existing oil fields is declining at a rate of about 4.5% annually, a new study concludes, depriving the world of the same amount of oil that No. 4 producer Iran supplies in a year. Yet the study's authors, Boston-based Cambridge Energy Research Associates, argue that their assessment supports a generally rosy view of the industry's future.

Kirkuk Oil Stored At Ceyhan Terminal 0.45M Bbls - Shipper

Πεμ, 17 Ιανουαρίου 2008 - 02:30

LONDON (Dow Jones)--Oil shipments from Iraq's Kirkuk oil fields into the Turkish Mediterranean export terminal of Ceyhan are on hold for the fifth consecutive day, a local shipping agent said Thursday at 1100 local time (0900 GMT). Flow along the pipeline stopped Sunday, the agent said after intermittent flow the previous week.

KazMunaiGas: To Increase Involvement In Managing Kashagan

Πεμ, 17 Ιανουαρίου 2008 - 02:24

ASTANA, Kazakhstan (Dow Jones)--Kazakh state energy company KazMunaiGas will increase its involvement in managing Kazakhstan's largest oil field Kashagan following an agreement with Eni SpA-led (E) consortium that a Kazakh stake be doubled, Maksat Idenov, First Vice-President of KazMunaiGas told Dow Jones Newswires.

Russia, Ukraine Seek New Gas Delivery Terms - Report

Πεμ, 17 Ιανουαρίου 2008 - 02:18

MOSCOW (Dow Jones)--Russia and Ukraine are both seeking to change the terms of existing natural gas delivery agreements ahead of a visit by Ukraine's Prime Minister Yulia Tymoshenko to Moscow on Jan. 23, the Kommersant daily reported Thursday.

US To Push China On New Iran Resolution: Negroponte - AFP

Πεμ, 17 Ιανουαρίου 2008 - 02:11

BEIJING (AFP)--The United States will seek China's support during talks here Thursday for a new UN Security Council resolution against Iran over its nuclear program, a senior official said.

Bush Cites Progress On Oil

Πεμ, 17 Ιανουαρίου 2008 - 02:08

SHARM EL-SHEIKH, Egypt -- President Bush says "there's a hope" that, after his talks with Saudi King Abdullah seeking to restrain oil prices, OPEC "would be encouraged to authorize an increase in production," a White House official said

Putin Visits Sofia to Cement Ties with New EU Member

Πεμ, 17 Ιανουαρίου 2008 - 01:47

Russian President Vladimir Putin will seek closer energy ties with Bulgaria during a visit to Sofia starting today, but faces protests over the former Soviet satellite state’s growing economic contacts with Moscow

Bulgaria Considers Reopening Contested Nuclear Plants

Πεμ, 17 Ιανουαρίου 2008 - 01:42

Plagued by electricity shortages, Bulgaria yesterday announced it was considering plans to reopen nuclear reactors it had to shut down before joining the European Union a year ago.

Lotos May Seek Foreign Partner To Fin Upstream Oil Projects

Τετ, 16 Ιανουαρίου 2008 - 07:12

Poland's second-largest oil refiner and retailer, Grupa Lotos SA (LTS.WA) may seek a foreign partner to finance upstream oil projects, Chief Executive Pawel Olechnowicz said Wednesday.

Slovakia Drops Lawsuit Against EU Over CO2 Cap - Reuters

Τετ, 16 Ιανουαρίου 2008 - 07:09

The Slovakian government has dropped a law suit filed against the European Commission over its carbon dioxide national allocation plan for 2008-2012, Reuters reported Wednesday, citing a spokeswoman for the Slovak government.

Iraq Beiji Refinery Remains Closed After Fire - Official

Τετ, 16 Ιανουαρίου 2008 - 07:08

Iraq's largest oil refinery in the northern town of Beiji was still shut down after a fire Jan. 7, an Iraqi oil official said Wednesday.

Bulgaria, Russia to Sign Nuclear Power Plant Contract This Week

Τετ, 16 Ιανουαρίου 2008 - 04:32

Bulgaria and Russia are to sign a contract for the construction of a nuclear plant later this week during the visit here of Russian President Vladimir Putin, a Bulgarian minister said yesterday.

Sofia Halts Power Exports

Τετ, 16 Ιανουαρίου 2008 - 04:28

Bulgaria has temporarily halted electricity exports to meet high domestic demand due to the freezing weather, the country's energy minister said yesterday.

CEZ Aims To Be Competitor In Power Generation In Slovakia

Τετ, 16 Ιανουαρίου 2008 - 03:38

CEZ AS (BAACEZ.PR), a Czech-based electricity company with operations throughout central and southeastern Europe, plans to become a strong competitor on Slovakia's power generation market, the company's head of electricity sales said Wednesday.

EU Barroso:Commission Won't Compromise On Greenhouse Plan-AFP

Τετ, 16 Ιανουαρίου 2008 - 03:35

European Commission chief Jose Manuel Barroso refused Wednesday to compromise on a plan for the 27-nation to cut emissions of the gases responsible for global warming.

Bush Hopeful OPEC Will Be Encouraged To Raise Oil Production

Τετ, 16 Ιανουαρίου 2008 - 03:30

President Bush says "there's a hope" that as a result of his conversations this week with Saudi King Abdullah, the Organization of Petroleum Exporting Countries "would be encouraged to authorize an increase in (oil) production," White House Press Secretary Dana Perino told reporters on Wednesday.