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Brisa, Spains FCC To Bid For Russian Contracts-Report

Brisa, Spain's FCC To Bid For Russian Contracts-Report

Portuguese highway operator Brisa SA and Spanish construction company Fomento de Construcciones y Contratas SA are bidding together for two highway contracts in Russia worth a total of EUR2 billion, Portuguese news agency Lusa reported late Monday, citing sources at Brisa.

Gazprom Seeking Entry Into Italy Electricity Market-Newspaper

Gazprom Seeking Entry Into Italy Electricity Market-Newspaper

Russia's gas giant OAO Gazprom is seeking to enter Italy's lucrative power market as part of a deal formalized in February with Italian oil and gas company Eni SpA, financial daily Milano Finanza reported Tuesday.

Gazprom CEO: EU Natural Gas Plans May Cause Price Jump

Gazprom CEO: EU Natural Gas Plans May Cause Price Jump

European Union plans to force liberalization of the continent's natural gas market could lead to a sharp jump in prices, a top executive at Russian gas giant OAO Gazprom , Europe's top import supplier, said Tuesday.

RWE Says Its Still Keen on Cooperation with Greek Peer

RWE Says It's Still Keen on Cooperation with Greek Peer

German utility RWE said yesterday it was keen on a cooperation deal with the biggest Greek power utility, Public Power Corporation (PPC), a day after a government official in Athens cast doubts on the deal.

Dollar Spat Shows Political Divide As Saudi OPEC Summit Ends

Dollar Spat Shows Political Divide As Saudi OPEC Summit Ends

The Organization of Petroleum Exporting Countries wrapped up a historical third summit Sunday one member stronger and invigorated by record oil prices, but overshadowed by differences over the weakening dollar that has revealed a growing political divide in the 13-nation group.

Russia Oil Output to Rise Modestly Over Next Few Years

Russia Oil Output to Rise Modestly Over Next Few Years

Russian oil output will grow only modestly over the next few years, and the government is considering new tax breaks to stimulate investment and boost production, The Wall Street Journal reported on Friday

Floods In Greece Force Village Evacuations

Floods In Greece Force Village Evacuations

Authorities declared an emergency in parts of northeastern Greece on Sunday after torrential rain caused flooding near Greece's border with Turkey and forced the evacuation of several villages.

Gazprom, CNPC Agree On Gas Supply Pricing Mechanism - Xinhua

Gazprom, CNPC Agree On Gas Supply Pricing Mechanism - Xinhua

Russian gas giant OAO Gazprom and China National Petroleum Corp. have reached consensus on the pricing mechanism for natural gas supplies to China, but haven't agreed on specific prices, Xinhua said Sunday, citing a senior Gazprom official.

UKs Star Energy Eyes Possible Bid From Gazprom -Paper

UK's Star Energy Eyes Possible Bid From Gazprom -Paper

U.K. gas storage developer Star Energy Group PLC has had talks with OAO Gazprom over the Russian company mounting a rival bid to Petronas' takeover offer for Star last week, U.K. newspaper the Mail on Sunday reports.

Greek-Turkish Inauguration of Pipeline

Greek-Turkish Inauguration of Pipeline

Greece and Turkey yesterday inaugurated a new pipeline transporting natural gas from the Caspian Sea region to the rest of Europe in a move expected to help diversify energy supplies and improve ties between the two rivals. Greek Prime Minister Costas Karamanlis and his Turkish counterpart Recep Tayyip Erdogan shook hands at a symbolic meeting on a bridge over the River Evros, which separates the two countries.

Russia, Bulgaria and Greece Sign Key Gas Pipeline Protocol

Russia, Bulgaria and Greece Sign Key Gas Pipeline Protocol

Russia, Bulgaria and Greece last week signed a key protocol which will open the way for the realization of the long-delayed oil pipeline that will connect the Black Sea with the Aegean, Development Minister Christos Folias announced in an interview with Kathimerini yesterday.