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Iraq To Sign More Kirkuk Oil Term Contracts Jan -Oil Min

Πεμ, 15 Νοεμβρίου 2007 - 03:14

Iraq expects to sign in January more long-term oil contracts with customers for its Kirkuk crude, Oil Minister Hussein al-Shahristani said Thursday, a sign of rising confidence by the war-torn country that it can boost shipments.

Enel Seeks To Buy Mexico 52MW Hydro Plants By End 07-Official

Πεμ, 15 Νοεμβρίου 2007 - 03:12

Enel SpA plans to purchase by the end of the year three Mexican hydroelectric power plants for a combined capacity of 52 megawatts as it seeks to grow in Central America, said an official of the Italian utility Thursday.

Bulgaria’s CO2 Cap Case

Πεμ, 15 Νοεμβρίου 2007 - 03:08

Bulgaria hopes to convince the European Commission to change the country’s carbon emission limit for 2008-12 but will take it to court if it refuses, Environment Minister Dzevdet Chakarov said yesterday.

China Says Key Pollution Indicators Improve -AFP

Τετ, 14 Νοεμβρίου 2007 - 04:04

Two major pollution indicators have dropped in China for the first time in several years as steps taken to clean up the nation's devastated environment kicked in, the government said Wednesday.

Russia's UES In Talks With Gaz De France Over TGK-10

Τετ, 14 Νοεμβρίου 2007 - 03:59

RAO Unified Energy System of Russia , or UES, is in talks with French energy company Gaz de France to buy Russian power generator OAO TGK-10, a person familiar with the situation said Wednesday. Both Gaz de France and TGK-10 declined to comment.

MOL Sees 2008 Business Environment Deteriorating Slightly

Τετ, 14 Νοεμβρίου 2007 - 03:56

Hungarian oil and gas company MOL Nyrt.expects the weak dollar to take a toll on the 2008 business environment, MOL Chief Financial Officer Jozsef Molnar told Dow Jones Newswires Wednesday.

Eni CEO:Kashagan Group United InTalks WithKazakh Government

Τετ, 14 Νοεμβρίου 2007 - 03:49

The consortium behind the development of Kazakhstan's giant Kashagan oil field are united in their talks to resolve a dispute with the government of Kazakhstan over the development of the field, Paolo Scaroni, chief executive of Eni SpA said Tuesday.

Black Sea Faces Oil Catastrophe

Τετ, 14 Νοεμβρίου 2007 - 03:40

Soldiers and emergency workers are battling to clean up an oil spill that has reportedly killed some 30,000 birds in the Kerch Strait, by the Black Sea. Alexander Tkachev, governor of Russia's Krasnodar region, said the incident was an "ecological catastrophe".

Enel, Dolomiti Energia To Develop Hydro Power In Italy

Τετ, 14 Νοεμβρίου 2007 - 03:31

Italian electricity utility Enel SpA said Wednesday it signed a memorandum of understanding with Dolomiti Energia to create a new company to supply hydroelectric power in the Alpine province of Trento in northern Italy

OPEC Secy Gen: Doesn't See Need For OPEC To Add More Oil

Τετ, 14 Νοεμβρίου 2007 - 03:21

There's no need for the Organization of Petroleum Exporting Countries to add more oil to the market, the group's secretary general said Wednesday.

BP Announces Gas Discovery In Azerbaijan

Τετ, 14 Νοεμβρίου 2007 - 03:19

BP said Wednesday it has made a major gas discovery in Azerbaijan's Shah Deniz Field. It said the SDX-04 appraisal and exploration well, some 70 kilometres south east of Baku, discovered a new high pressure reservoir in a deeper structure below the currently producing reservoir.

Russia's Oil Companies Reap Little Benefit from High Prices

Τρι, 13 Νοεμβρίου 2007 - 03:42

Despite high crude prices Russian oil production growth may be damped because the country's tax regime deprives producers of the bulk of export revenues while rising costs mean companies struggle to invest in new fields.

Edison to Boost International Investment in New Growth

Τρι, 13 Νοεμβρίου 2007 - 03:38

Edison SpA, one of Italy's top energy companies, plans to expand its international and upstream investments in its new growth plan as it seeks to become independent of its biggest rival for gas supplies, Chief Executive Umberto Quadrino said Monday.