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EBRD Supports France’s Urbasolar in Kazakhstan

Δευ, 15 Ιανουαρίου 2018 - 19:29

The European Bank for Reconstruction and Development (EBRD) is supporting French company Urbasolar SAS in its plans to build a solar power plant in Kazakhstan, the bank announced Saturday. The EBRD will provide a loan in local currency, Kazakh tenge, up to an equivalent of US$8.8 million, and the Clean Technology Fund will lend up to $3.9 million for the solar plant in the South Kazakhstan region, near the city of Shymkent

Shell Announces Redevelopment of Penguins Field in UK

Δευ, 15 Ιανουαρίου 2018 - 19:28

Royal Dutch Shell Plc. (Shell) made a final investment decision on the redevelopment of the Penguins oil and gas field in the U.K. North Sea, the company announced on Monday. According to Shell, the decision authorizes the construction of a floating production, storage and offloading (FPSO) vessel -- the first newly manned installation for the company in the northern North Sea in almost 30 years

At Rome ‘Club Med’ Summit, Greece Gets A Line on TAP Gas to Italy

Δευ, 15 Ιανουαρίου 2018 - 19:27

As heads of state and government of Cyprus, France, Greece, Italy, Malta, Portugal and Spain, or so-called "Club Med,’ convened in Rome on January 10 for the fourth Summit of the Southern European Union countries, Cyprus President Nicos Anastasiades reportedly discussed energy issues with French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni. Currently, Italian energy major ENI and France’s Total are drilling for natural gas in Cyprus’ exclusive economic zone (EEZ)

Turkey's Electricity Consumption Rises 1.72% in Dec.

Πεμ, 4 Ιανουαρίου 2018 - 16:15

Turkey's electricity consumption grew by 1.72 percent in December compared to the same month last year, according to Turkey's Energy and Natural Resources Ministry on Thursday. The country's power consumption increased to 25.59 billion kilowatt-hours in December compared to the same month of 2016

Naftogaz Pays Over €3 Billion to Ukraine’s Budget in 2017

Πεμ, 4 Ιανουαρίου 2018 - 16:15

As of December 29, 2017, Naftogaz paid 106.0 billion hryvnias (€3.16 billion) of taxes and dividends to the state budget in 2017, the national oil and gas company of Ukraine said on January 3

EU Clears Greek Auction Scheme for Renewable Energy

Πεμ, 4 Ιανουαρίου 2018 - 16:14

The European Commission said on Thursday it had approved a Greek auction scheme for the production of renewable electricity, saying it would aid climate targets while preserving competition. Under the programme, the country will organize auctions for wind and solar projects to increase competition and lower costs to consumers

Energy Group Engie Romania Buys 262 Vehicles from French Car Maker

Τετ, 3 Ιανουαρίου 2018 - 18:58

French energy group Engie’s Romanian subsidiary bought 262 vehicles from Renault Commercial Roumanie, the local sales division of French car maker Renault. The total value of this contract was some EUR 3.58 million, VAT not included, reports local News.ro.

Iran Protests Boost Oil Prices as Middle East Uncertainty Prevails

Τετ, 3 Ιανουαρίου 2018 - 18:57

On January 2, oil prices eased after hitting mid-2015 highs in early trading, Reuters reported, noting that it was the first time since January 2014 that the two crude oil benchmarks opened the year above $60 per barrel, boosted by protests in Iran and ongoing supply cuts led by the Organization of Petroleum Exporting Countries (OPEC) and Russia

Turkey Awards 740MW Wind Capacity to 22 Projects

Παρ, 29 Δεκεμβρίου 2017 - 18:19

Turkey awarded pre-licenses for wind energy projects with a total capacity of 740 megawatts (MW) to 22 projects in 9 regions on the final day of a four-day-marathon tendering period for the projects with a total capacity of 2,130 MW

Bulgaria: Natural Gas Price Rises in First Quarter of 2018

Παρ, 29 Δεκεμβρίου 2017 - 18:18

The Energy and Water Regulatory Commissionon 28th of December approved the price of natural gas for the first quarter of 2018. It is by 2.75% higher than the current price. Prices of heat energy will remain unchanged until the end of the heating season. There will be no change in electricity prices for residential and non-residential consumers on the regulated market

Italy’s ENI Raises Hydrocarbon Estimate for Mexico Offshore Field

Παρ, 29 Δεκεμβρίου 2017 - 18:17

Italian energy major ENI has successfully tested the Tecoalli-2 well, in the shallow waters of the Campeche Bay, offshore Mexico. The results of the production test performed on the Tecoalli-2 well, located in Contractual Area 1, approximately 200 kilometres West of Ciudad del Carmen, in 33 metres of water depth, confirm the excellent production capabilities of the Orca formation and good quality of the oil encountered in this reservoir (30° API, with no CO2 nor H2S), ENI said on December 22

Turkey's Crude Oil Imports Rise in October

Τετ, 27 Δεκεμβρίου 2017 - 19:18

Turkey's total oil imports increased with the boost of diesel and crude oil imports in October, according to the country's energy watchdog's report on Wednesday. Diesel imports increased by 26.30 percent to 1.2 million tonnes and crude oil imports increased by 6.66 percent to 2.2 million tonnes in October, Energy Marketing Regulatory Authority (EMRA) said

Kazatomprom to Begin Supplying Uranium to Iran After P5+1 Permission

Τετ, 27 Δεκεμβρίου 2017 - 19:17

Kazakh national company Kazatomprom plans to begin its supplying uranium to Iran after permission of "The Six”, the company’s chairman, Galymzhan Pirmatov, said in Astana on December 21