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UK Energy Firm Suspends Ukraine License to Drill

UK Energy Firm Suspends Ukraine License to Drill

Δευ, 25 Μαΐου 2015 - 19:27

UK - based energy firm JKX Energy, which is leading shale exploration and production in Ukraine, said it was granted more areas for work in the former Soviet republic, though the cost of business was still prohibitive to drilling.

Uzbekistan Energises Relations with EU

Uzbekistan Energises Relations with EU

Δευ, 25 Μαΐου 2015 - 14:56

Uzbekistan and the European Union are discussing the possibility of establishing energy alliances. The matter was discussed by Uzbek Foreign Minister Abdulaziz Kamilov and Marosh Shefchovich, the vice-president of the European Commission, on May 18.

Gazprom Neft Ups Production Thanks to Arctic Iraq

Gazprom Neft Ups Production Thanks to Arctic Iraq

Δευ, 25 Μαΐου 2015 - 14:56

Despite falling oil prices and Western sanctions against Russia over Ukraine, Gazprom Neft, the oil arm of the Russian gas monopoly, said on May 19 that crude oil production increased year-on-year, largely from the development of Arctic and Iraqi assets.

EU Backs Greek Energy Plans Investment Hopes

EU Backs Greek Energy Plans Investment Hopes

Πεμ, 21 Μαΐου 2015 - 19:44

EU Regional-policyCommissioner Corina Cretusaid she hoped that Greece would recover and enter a path of growth and development in order to create new opportunities and jobs, including in the energy sector.

Piraeus Bank Successfully Agrees Disposal of Stake in Piraeus Bank Egypt to ABK

Piraeus Bank Successfully Agrees Disposal of Stake in Piraeus Bank Egypt to ABK

Πεμ, 21 Μαΐου 2015 - 18:21

Piraeus Bank announces that it has entered into a definitive agreement with Al Ahli Bank of Kuwait K.S.C.P. (“ABK”) to dispose its stake (98.5%) in Piraeus Bank Egypt S.A.E. (“PBE”), its Egyptian subsidiary, subject to Central Bank of Egypt and other regulatory approvals in Egypt, Greece and Kuwait, including the Hellenic Financial Stability Fund.

Iran Eyes Foreign Cash if Sanctions are Lifted

Iran Eyes Foreign Cash if Sanctions are Lifted

Τετ, 20 Μαΐου 2015 - 18:13

Iran hasn’t been in contact with representatives in the US oil sector, said Mehdi Hosseni, the head of a contract revision committee in the Iranian Oil Ministry.

FDI in Bulgaria Grows to 317.3 Mln Euro in Q1

FDI in Bulgaria Grows to 317.3 Mln Euro in Q1

Τετ, 20 Μαΐου 2015 - 17:34

Foreign direct investments (FDI) in Bulgaria in the first quarter of 2015 reached 317.3 milion euro ($361.8 million), a 3.5-fold increase as compared to the like period a year earlier, the country's investment promotion agency said on Tuesday.

19th Roundtable With the Government of Greece - Conclusions

19th Roundtable With the Government of Greece - Conclusions

Τρι, 19 Μαΐου 2015 - 17:24

• The background for the Roundtable, as former Italian prime minister Enrico Letta pointed out, was an improving euro-zone economy with a trio of favourable factors: quantitative easing (QE) from the European Central Bank (ECB), cheaper oil and a cheaper euro.

Opower: EU Citizens at the Core of Behavioural Energy Efficiency

Opower: EU Citizens at the Core of Behavioural Energy Efficiency

Δευ, 18 Μαΐου 2015 - 16:18

It is critical that energy efficiency is a core point of the EU’s Energy Union, an ambitious effort spearheaded by Commission Vice President Maros Sefcovic, aiming to further integrate Europe’s energy infrastructure, harmonise regulations and create supranational EU authority in some areas.