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Turkish Parliament Passes Bill To Build Nuclear Plants -AFP

Παρ, 9 Νοεμβρίου 2007 - 03:05

The Turkish parliament passed a bill Friday fixing the legal framework for the country's first nuclear power plants, overriding stiff objections from environmentalists and opposition parties.

Turkish Regulator OKs Turcas-Socar Bid For Petkim - IHA

Παρ, 9 Νοεμβρίου 2007 - 02:50

Turkey's Competition Board has approved the sale of state-run petrochemical firm Petkim to the second highest bidder in a privatization tender held in July, officials from the board said Friday, the Ihlas News Agency, or IHA reported.

PPC Labor Union Calls off 48-hour Strike

Παρ, 9 Νοεμβρίου 2007 - 02:46

The labor union of the Public Power Corporation (PPC) yesterday called off a strike scheduled for November 12 and 13, saying that management appeared to have frozen plans to carve up the corporation into six entities and shelved the creation of new plants that it intended to hand over to private enterprise.

Oil Output Drop Hints At Higher Prices,Weaker Profits

Πεμ, 8 Νοεμβρίου 2007 - 18:14

The process of finding and delivering crude oil is getting more challenging as aging oilfields become less productive, pointing to higher oil prices for consumers and reduced profits at energy companies, analysts say.

Gazprom Mulls Chinese Listing In Wider Gas Deal - Vedomosti

Πεμ, 8 Νοεμβρίου 2007 - 18:12

Russia's OAO Gazprom is considering a possible listing on the Shanghai Stock Exchange, the Vedomosti business daily reported Thursday, citing spokesman Sergei Kupryanov.

Italy's Gas Storage Capacity Still Too Limited - Industry Min

Πεμ, 8 Νοεμβρίου 2007 - 18:07

Italy's natural gas storage capacity is "too limited" and investments in the sector in recent years haven't been adequate to meet growing demand, Industry Minister Pierluigi Bersani said Thursday. Speaking at a parliamentary hearing in Rome, Bersani said if this winter is "particularly cold" it may be necessary to dip into the country's strategic gas reserves.

Russian Law On Foreign Investment Delayed To 2008 - Report

Πεμ, 8 Νοεμβρίου 2007 - 06:28

Russia will only pass a law governing foreign investment in strategic sectors of its economy in 2008, rather than this year as originally planned, Industry and Energy Minister Viktor Khristenko said Thursday, according to the Itar-TASS news agency.

Kazakh, Chinese State Energy Cos Set Up JV To Build Gas Pipe

Πεμ, 8 Νοεμβρίου 2007 - 06:22

Kazakh state oil and gas company KazMunaiGas and China National Petroleum Corporation Thursday agreed to set up a joint company to build a Kazakh-Chinese natural gas pipeline in 2008-2009, the Kazakh energy firm said.

Gas-To-Liquids Industry Hits Doldrums Despite $97 Oil

Πεμ, 8 Νοεμβρίου 2007 - 06:20

As oil prices threaten to hit $100 a barrel and governments seek to introduce ever-tighter controls on air pollution, a cheaper alternative resource that can be turned into less-polluting road fuels should look like a winner.

Dollar Falls to Record Low over China Worries

Πεμ, 8 Νοεμβρίου 2007 - 02:56

The dollar slumped to a record low against the euro after Chinese officials signaled plans to diversify the nation's $1.43 trillion of foreign-exchange reserves in response to a falling U.S. currency.

Turkish Sabanci Eyes Foreign Energy Partnerships

Πεμ, 8 Νοεμβρίου 2007 - 02:49

Sabancı Holding, which began collaborating with Austria's largest electricity company Verbund in Enerjisa, has given the green light to foreign investors for partnership ventures in nuclear energy. Sabancı Holding formed a group presidency within its body last year by including energy among the company's strategic sectors. The company is now preparing to sign a foreign partnership agreement on nuclear energy.

Greece’s Public Works Funding Plan Gets Approval

Πεμ, 8 Νοεμβρίου 2007 - 02:31

The Environment and Public Works Ministry announced yesterday the approval of its proposals for the European Union subsidy period of 2007-2013. The program totals 4.3 billion euros and includes 11 fields of action and major project proposals. Minister Giorgos Souflias said that it had been approved by the EU without any amendments. This opens the way for the projects’ tenders, with the relevant documents already submitted to the ministry.

Greece’s Refiners Earnings Results Mixed

Πεμ, 8 Νοεμβρίου 2007 - 02:26

Hellenic Petroleum, Greece’s largest oil refiner, said yesterday nine-month net profit rose 3 percent, above market forecasts, boosted by foreign exchange gains. By contrast Motor Oil posted a drop in its nine-month profitability.