English Edition

RWE Agrees Pacts With WestLB For Potential Elmu Stake Buy

Πεμ, 10 Ιανουαρίου 2008 - 03:49

German utility RWE AG (RWE.XE) said it has entered options agreements with German bank WestLB AG over the acquisition of a stake in Hungarian power distributor Budapest Elektromos Muvek Nyrt. (ELMU.BU), or Elmu, equivalent in size to a stake in the firm that the city of Budapest plans to sell.

JKX Oil & Gas Farms Into 2 Licences In Bismil S Area, Turkey

Πεμ, 10 Ιανουαρίου 2008 - 03:41

JKX Oil & Gas announced Thursday that it has farmed into two exploration licences in the Bismil South area of south east Turkey.

Cairn Energy Buys Interest In Six Blocks Offshore W Greenland

Πεμ, 10 Ιανουαρίου 2008 - 03:36

Cairn Energy said Thursday it has secured interests in a total of six hydrocarbon licences offshore west Greenland through its exploration focused arm Capricorn.

Uzbekistan To Up Natural Gas Price To Russia By 50%-AFP

Πεμ, 10 Ιανουαρίου 2008 - 03:31

Uzbekistan will charge Russia up to 50% more for natural gas exports in 2008, the Russian daily Gazeta reported on Thursday, citing a report by an Uzbek investment company.

Palestinian Police Seal Off Parts Of West Bank For Bush Visit

Πεμ, 10 Ιανουαρίου 2008 - 03:28

Palestinian police sealed off large parts of this West Bank city Thursday in an unprecedented operation to secure U.S. President George W. Bush's first-ever visit to the sometimes volatile Palestinian territories.

Greece's PPC Eyes New Joint Venture For 880MW Power Plant

Τετ, 9 Ιανουαρίου 2008 - 07:55

ATHENS (Dow Jones)--State-controlled Greek electric company Public Power Corporation SA (PPC.AT) said Wednesday it aims to proceed with the construction of an 880 megawatt power in joint venture with a local steelmaker.

Bulgaria NEK Confirms 5 Bids For Belene Nuclear Plant Stake

Τετ, 9 Ιανουαρίου 2008 - 07:53

PRAGUE (Dow Jones)--Bulgarian national power generator and grid operator NEK EAD confirmed Wednesday that it has received five non-binding bids to acquire a 49% stake in a nuclear power plant under construction near the northern city of Belene.

Gazprom Increases Gas Supplies To Turkey, Greece

Τετ, 9 Ιανουαρίου 2008 - 07:51

LONDON (Dow Jones)--Russian gas monopoly OAO Gazprom (GAZP.RS) said Wednesday that it has increased gas supply to Turkey and Greece, in response to requests made at the end of December.

Russian Stabilization Fund RUB3.849 Trillion Jan 1 - Report

Τετ, 9 Ιανουαρίου 2008 - 07:48

MOSCOW (Dow Jones)--The assets in Russia's Stabilization Fund rose to RUB3.849 trillion rubles ($157.50 billion) as of Jan. 1, up from RUB3.517 trillion the previous month, Interfax news agency reported Wednesday, citing a release from the Finance Ministry.

WSJE:Kazakhstan, Oil Co Consortium Mtg For Jan 11 Postponed

Τετ, 9 Ιανουαρίου 2008 - 07:46

What was supposed to be a decisive meeting scheduled for Friday to resolve the long-running dispute between the government of Kazakhstan and a consortium of foreign oil companies developing the massive Kashagan field has been postponed, according to people close to the negotiations.

German Power Regulator Sees Bottlenecks In Transmission Grids

Τετ, 9 Ιανουαρίου 2008 - 07:44

FRANKFURT (Dow Jones)--Germany's electricity grid regulator, the Bundesnetzagentur, Wednesday said delays in approval procedures for investment in power transmission networks could result in supply bottlenecks and rising power prices.

Aktor, Terna Pull out of Sofia Metro

Τετ, 9 Ιανουαρίου 2008 - 06:25

Aktor, a unit of Hellenic Technodomiki, and Terna have pulled out of a –185 million tender to build a section of the Sofia subway.

Euro Changeover Success in Cyprus

Τετ, 9 Ιανουαρίου 2008 - 06:19

The switch to the euro currency in Cyprus and Malta this year has so far been successful, European Union Monetary Affairs Commissioner Joaquin Almunia said yesterday.