English Edition

Russia To Privatize Gas Transportation Co SG-Trans -Newspaper

MOSCOW (Dow Jones)--Russian government plans to privatize the liquified gas transportation company SG-Trans, valued at 14.81 billion rubles ($600 million), the newspaper Vedomosti reported Thursday.

Iranian Nuclear Plant Won't Be Launched Until Fall 08 -Report

Turkey's Yıldız Holding has sold 60 percent of Fon Financial Leasing (FFK) to Kuwaiti-based Global Investment House KSCC (GIH), for $120 million

The holding had also sold 53.56 percent of Tire Kutsan to Austria-based Mondi Packaging for $106 million a while ago.

Turkish military operation goes one step further

President Gül: From now on whatever is necessary in the struggle against terrorism will be done

Norway Govt Waters Down Mongstad Carbon Capture,Storage Plans

OSLO (Dow Jones)--Norway's government has been lambasted by environmental groups for watering down its commitment to carbon capture and storage, or CCS, at a planned gas power plant at Mongstad due online in 2010.

EU Likely To Propose Plan To Trade Renewable Energy Goals

LONDON (Dow Jones)--A European Union energy directive to help member states meet new targets set earlier this year on renewable energy use is very likely to include a proposal for a trading mechanism so countries can trade their individual targets on renewable energy, a spokesman said Wednesday.

Iraqi Govt Says Turkey Raid An Attack On Sovereignty

BAGHDAD (AFP)--Iraq Wednesday sharply criticized Turkey for its military operation against Kurdish rebels in northern Iraq, calling it an attack on its sovereignty.

Iran: Nuclear Fuel Shipment Strengthens Ties With Russia

TEHRAN (AP)--The first shipment of nuclear fuel for Iran's Bushehr nuclear power plant by Russia will strengthen strategic ties between Tehran and Moscow, a top nuclear official said Wednesday.

Gazprom, MOL Plan Hungarian Gas Storage Facilities -Newspaper

BUDAPEST (Dow Jones)--Russian gas giant OAO Gazprom (GAZP.RS) and Hungarian oil and gas company MOL Nyrt. (MOL.BU) plan to build joint gas storage facilities in Hungary

Cyprus gov’t to Control Gas Imports

Cyprus’s parliament on Monday approved legislation stripping the energy regulator of the right to issue private licenses for natural gas supplies, allowing authorities to control future imports.

Russian Bonds Reinforced

Karamanlis seeks closer ‘strategic’ ties in warm talks with Putin in Moscow

Project Company formed for Trans-Balkan Pipeline

Russia, Bulgaria and Greece signed an agreement yesterday for the creation of a project company, Burgas-Alexandroupolis, for the trans-Balkan pipeline that will take oil from Bulgaria to Greece.

WSJ: Pentagon To Report Iran Still Smuggling Weapons To Iraq

A Pentagon report will accuse Iran of continuing to funnel weapons and training personnel into Iraq, adding fuel to a heated debate among U.S. policy makers about whether Iran deserves any credit for the steep declines in Iraq's once-unrelenting violence.